Groundnut Oil Production Business Plan in Nigeria / Feasibility Study
So many a time, we usually neglect some mind blowing business thinking they can’t make one rich but the question is, have you done your due diligence? Have you done your research about the said Business? For example, I was in a seminar where I spoke about Groundnut Oil Production Business Plan in Nigeria and guess what? So many persons almost walked out of the seminar thinking I have wasted their seminar fees. Unknowingly to them, the very man I brought who was gonna talk about Groundnut Oil Production Business Plan in Nigeria and he was a multi millionaire in the business. Those who stayed where so grateful they did and they started right away and how did we know? We did follow up on 22 of them. So take this serious and get ready for something that will blow your mind.
Groundnut oil as we all know is a very important product in Nigeria. There is no home in the country that you don’t find groundnut oil. Why is it so? It’s been used for either frying, cooking baking or used for wiping out surfaces of anything that it can use. Every snack we eat today are fried with groundnut from doughnuts to meat pie, to chin chin to plantain etc. So the use of groundnut oil cannot be over emphasized.
The very reason why this business have so sky rocked is the fact that the Federal government of Nigeria has already placed a ban on the importation of groundnut oil and this has created an opportunity for local production of Groundnut oil. Now this alone have made groundnut oil a high demand commodity. When we talk about valuable legumes in Nigeria then we are talking about Groundnut oil which has 25% protein and 45% oil. These groundnut as we all know are mostly found in the subtropical and semi-arid regions around the world. Experts have told us that these commodity are a very good source of protein and also vitamins. It is mostly grown in countries with warm climates like Nigeria especially northern Nigeria and that is why we have them as the highest producers of groundnut in Nigeria.
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There are countries that produces groundnut in high quantity and high quality and Nigeria is among the top five most countries producing groundnut and is the largest groundnut producing country in West Africa. In terms of demand for groundnut in Nigeria, groundnut demand in Nigeria is very high. The reason for this is the fact it can be used for varieties of things which includes preparing Africa dishes like groundnut soup, which can be used in eating rice. Groundnut can be used to for the preparation of butter, groundnut oil, peanut oil and can be eaten naturally. That’s the very good example of what it can be used for.
From our research team, it has been said by experts that one ton of groundnut oil seeds will generate 500litres of groundnut oil, 420kg of groundnut oil cake, and 40kg of groundnut oil sludge.
1 ton of groundnut oil seed= #180,000
1 litre of groundnut oil = #260
1 kg of groundnut cake = #160
So if you process 1 ton of groundnut oil seed
1 kg of groundnut sludge = #160
So if you decide to process 1 ton of groundnut oil seed, you are most likely to get an average of #20,000 as income.
Below are the various ways one can start a Steps to start a Groundnut Oil business. Before we get into that let’s discuss something else first that is every important.
First of all, it will be very crucial to understand that this business is a very tactical and and demands a good knowledge before you go into it. You don’t just want to jump into Groundnut Oil Production Business Plan in Nigeria without having a good knowledge of Groundnut Oil Production Business in Nigeria. Another important thing you need to know again is that you have to employ staffs that have a very good knowledge based understanding of Groundnut Oil Production Business Plan Nigeria. The reason for these is that you get a well refined and high quality oil.
There is also a need for you to employ the services of a consultant or an expert in this field who will either teach you or help you set up the oil production chains and other processes that is involved in the business.
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Groundnut Oil Production Business Plan in Nigeria.
Whatever am gonna be sharing with you here might not be all you will need to do this business. You will assuredly need a Groundnut Oil Production Business Plan in Nigeria to be able to set up a successful Groundnut Oil Production Business in Nigeria. This Groundnut Oil Production Business Plan in Nigeria, will reveal to you the cost of production, the equipment required, landed properties, staffs recruitment, transportation and consultation.
Now, if you think This Business is an easy one then you are kind of right but also very wrong. You won’t jump up out of your business d and straight up to the market to start up. Nope nope nope. You have to do your own due diligence and research. Carry out a feasibility studies on Groundnut Oil Production Business Plan in Nigeria. What you are actually looking for is the cost price of production, competition and industry already available etc. This feasibility study will help you understand the market at large. This will help you prepare to learn so much from the market. Your will understand how to avoid many mistakes and also how to stay in business even if there is downturn.
To place an order for GROUNDNUT OIL PRODUCTION BUSINESS PLAN & FEASIBILITY STUDY, pay N15,000 to
GTBank (Guaranty Trust Bank)
Account Name – Ogumka Innocent
Account No – 0153723721
It will be very advantageous on your side to get your business registered and to make this happen, you don’t really need too much stress. When we talk about business registration, we are talking about registering your business with the Corporate affairs commission (C A C). This process involves the registration of your company name in Corporate Affairs Commission (C.A.C) and also getting permits from other association that are involved in it. You can read our well detailed process on how to register your business name by clicking here.
How to Get an operating permit
To get this doesn’t really require many things at all. You can do this via the food regulations body like National Agency for Food and drugs Administration and control (NAFDAC). This body is set up by the federal government of Nigeria is the principal body incharge of regulating and controlling the manufacture, importation, exportation, advertisement, distribution, sale and use of food items in the country. There are other bodies in the country that you can also obtain license from such as:
Food operating license
Company registration with ROC
Funding Groundnut Oil Production Business Plan in Nigeria.
Sometimes you may have a good idea but no cash to execute your plans and that’s quite frustrating. Sorting for funds, you can decide ti get loans from a bank, meet relatives or any other means. But this is a very lucrative Business and sorting funds to set it up won’t be a bad advise.
We have a well recent and detailed article on how to get funds to start up your business without necessarily goijg through any stress or difficulties. All you need to is to click here for the article.
Workers for Groundnut Oil Production Business Plan in Nigeria.
We have initially said that you must recruit staffs that has a very clear knowledge of what This business is all about else you will crash your business before it starts. Groundnut Oil Production Business Plan in Nigeria is a tactical and technical one which means you are to recruit staffs who are very skilled in this business. Truth be told. If you recruit novice, your business will struggle and gradually fade away. So get skilful persons on board.
Equipment required for Groundnut oil Production.
You will need the following equipment for Groundnut Oil Production Business Plan in Nigeria:
Steel drums for storing edible oil.
Batch type solar dryer
Cans and trays for handling oil seeds
Pre-cleaner for cleaning the oil seeds
Groundnut oil production process and technology
Cleaning : You are to ensure you Clean the groundnut seed to remove any dirt, sand, stones and other debris so as not to contaminate the oil.
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Dehulling: Before you start production ensure you remove the outer seed coat of the oil seeds.
Grinding: This involves reducing the particle size.
Heating: This leads to greater yielding of oil.
Pressing: This involves pressing the oil seeds using a lever press.
Refining: This is the process of removing undesirable cloudiness, color and flavor from the extracted oil.
You can get a business structures of this kind :
Customer care executives
Problems involved in Groundnut Production
Little or no access to quality groundnut seeds, insecticide, pesticides, .
Lack of fund to begin.
Lack of technical know how.
Too much attack by insects.
You can get our recently and we’ll packaged sample of Groundnut Oil Production Business Plan in Nigeria which can be used to access bank loans, proposal writing and grant applications.
The business plan was complied by experts after a thorough feasibility study on Groundnut Oil Production Business in Nigeria.
GET YOUR GROUNDNUT OIL PRODUCTION BUSINESS PLAN IN NIGERIA / FEASIBILITY STUDY. To place an order, pay N15,000 to
GTBank (Guaranty Trust Bank)
Account Name – Ogumka Innocent
Account No – 0153723721
After payment text your name, send a text of your e-mail address to 09066078526 and you’ll receive your GROUNDNUT OIL PRODUCTION BUSINESS PLAN / FEASIBILITY REPORT