starting a mini sunflower oil making business in nigeria

   
starting a mini sunflower oil making business in nigeria
                                               
                                               
                                               
                                               
  • starting a mini sunflower oil making business in nigeria
  • How to start a sunflower oil business?
  • To start a sunflower oil business, you must first register your business and secure approvals and licenses. Sunflower oil is considered a food product, so the manufacturing process requires some special permissions. The specific approvals and licenses needed depend on the region you plan to establish the unit and the rules set by your state law.
  • How much palm oil is produced in Nigeria?
  • Basically, palm oil production is a major source of income for many Nigerians. In 2021, it was assessed that Nigeria produced 1,280 thousand metric tonnes of palm oil. This exhibits the vastness of the production of palm oil in this nation. In fact, Nigeria is among the top five palm oil-producing nations in the world.
  • When to plant oil palms in Nigeria?
  • However, in Nigeria, the rainy season is the best time to plant palm fruit. This is typically around June-September. Also, an oil palm starts to produce fruit approximately 3 to 4 years after you plant it. Therefore, it is necessary to exercise patience during this waiting period.
  • How to start a palm oil business?
  • After you have chosen your palm oil business niche, you have to draft out a business plan. Basically, this plan will guide your business transaction. Before writing your business plan, carry out a thorough feasibility study and also market research. This enables you to understand the nature of the business.