Is small-scale palm oil processing feasible in Nigeria?
Palm oil is a major food and non-food ingredient consumed by virtually everyone in Nigeria through the use of palm oil related products. This study investigates the feasibility of small-scale palm oil processing in Nigeria, using Elele, Rivers State as case study. Information was elicited through interviews and physical observations.
How to start a palm oil business?
The initial financing plan, also known as a sources and uses table, is a valuable resource to have in your business plan when starting your palm oil producer as it reveals the origins of the money needed to establish the business (sources) and how it will be allocated (uses).
How to speed up the net return of palm oil processing in Nigeria?
In order to speed up the net return of palm oil processing in Nigeria, the government should sensitize her populace on the profitability of the business while providing loans to individual that are interested in the enterprise.
How much palm oil does Nigeria produce a month?
The Nigerian processors produced palm oil of 10,015.6 l/month while the Beninese produced 2,887.6l. Hydraulic extraction technique was exceptionally used in Nigeria. The mean efficiency levels of 97 % and 89 % were observed for the Nigerian and Beninese’ processors respectively.