Palm Oil Business in Nigeria: How to Get Started

On the list of the most lucrative businesses in Nigeria is Palm Oil business.

This is one of the few Nigerian businesses that guarantees you more than 100% ROI and is unbelievably easy to start and manage. In short, palm oil business brings you cool money without stress.

But why is this business so lucrative?

Palm oil is used for a number of things which makes it a very hot, high-in-demand product. Some of its uses include-:

  • Cooking-: Palm Oil contains a lot of vitamins and essential nutrientsand is commonly used as a cooking ingredient.
  • Manufacturing-: Palm oil is an essential ingredient in manufacturing a number of products like cosmetics, food items and personal care supplies.
  • Drugs-: Palm oil is also used in manufacturing some drugs like vitamin supplements.
  • Pet Feed Manufacturing-: Palm oil is used in making pet feed as well.
  • Exportation-: Palm oil products and by-products are also popularly demanded in the international market.

So when you start marketing your palm oil business, these are the industries you should focus on.

Palm Oil Production Season

Unlike other types of businesses, this is a business that has its seasons and not an all-year round kind of business.

The Palm oil peak season starts in February through April/May. This is when you would buy your palm oil in large quantities in wait for the off-peak period.

During Peak Periods, you could get a 25 liter keg of Palm oil for as low N4, 000 which could be sold for as much as N8, 000 between July and January which is the off-peak season.

To start this business, these are the steps to take-:


The amount of capital you need to run this business depends on you and the scale of business you want to run but you may need between N100, 000 and N1 Million or more for this business.

The most important thing however, is to have your capital ready for when the peak period starts. This is also a business that involves tying down of capital for a long time so you may want to take note of that when borrowing money from financial institutions or when sourcing for investors.

Look for a Storage Space

You need a place to store your goods in wait for the off-peak period; somewhere cool, dry and safe. If you have a room that you do not use in your home often, you could make do with that or rent a place you can make use of.

You also need a couple of 25-liters kegs which you would use to store the palm oil.

Source for Products

You can get palm oil cheaply during peak period from places like Delta State, Bayelsa State, Imo State, Rivers State,Abia State, Akwa Ibom, Ondo State, Edo State and Rivers State.

It is very important to buy Palm Oil of good quality. This would make it easier for you to get customers to sell to.

Source for Buyers

Like I already mentioned above, you need to wait for the off-peak period which basically starts in July and then start to sell your products.You can sell to individuals (Wholesalers), food companies or any of the buyers mentioned above.

117 thoughts on “Palm Oil Business in Nigeria: How to Get Started”

  1. Hi Hakeem, my name is Hauwa’u Abubakar from kebbi state please how can I trust and believe to start business with your company products milk and tomatoes here in kebbi please reply back

  2. Am Gospel from rivers state but based in Lagos state and am into palm oil business and I need a sincere business partner that I can know him /her and they we know me too. I know the business very well and this is contact to reach me 08095841020.please I don’t need scammers

  3. Am Hakeem from USA and i own a company in Nigeria lagos, and the company is on sell. We produce milk and tomatoes.please interested someone should email me or call me on this 08187066450

  4. Please I want to buy good quality palm oil in large quantity,if you sell please send me you price for 25lit and were your are based serious people please here is my number 07061964041

    • Good day my name is freeborn, i basse in kano state nigera. I can supply u palm oil in a large quantity from edo state.25liters is 9000, fro qualutity palm oil this is my number 09030077621

  5. i have good original palm oil in large quantity and can supply nation wide even export to other countries if u are intrested u can reach me through this line 08063846347 a trial will convince u we are real.

  6. i need a quotation for palm oil from nigeria. am ben in ghana. l actually want import palm oil from your end so l need the following:
    1. cost price per 25 litres. it must include one with transportation cost and one without transportation
    2. the weight of 25 litres gallon filled with oil in kilograms
    3. what is the price of 25 litres during the peak season
    4. what is the price of 25 litres during shortage season
    5. can you supply 40-footer container to ghana?reply me only by

  7. Am David by name and am interested in this business, am currently based in Abuja, anyone who can put me through this business modes operandi should please contact me on whatsapp 08039347206 ,thanks

  8. I want to start dis business but I need more information about it …..

    pls whoever dat is into it should contact me or what app me on my number

  9. Please I want to go into this business of palm oil trading but need a mentor that’ll teach me ropes cos every business, however lucrative, has it’s own dynamics. Please I’ll be very grateful if someone could volunteer to teach me as I’m a very fast learner. I’m currently based in Lagos. Thank you.

  10. Hi very one I am Tj I want to start the palm oil business in my locality I need to know how much I can get the 25 litre of oil, and also a trust worthy person I can do business with, you can reach me on WhatsApp with the following number 07032777290, thanks I hope to get a respond sone

  11. Hi every one my name is Tj i want to kick start the oil business in my locality,I want to know how much I can get 25 litre of oil and also a trust worthy person to do business with, you can reach me on WhatsApp with this number 07032777290 thanks I hope to get a respond

  12. ABADIPRE INTERNATIONAL LIMITED RC 1392831 based in North west needs people who will supply our company quality palm oil at a good price. If you are interested and have the capacity to be our supplier contact Atama on 08032867131 between 8am and 5pm. Thank you.
    NOTE: We insist on quality.

  13. Kindly feel free to call me for you supply on 08074459842. our oil is rich in Vitamin A and is affordable.follow us on instagram @hifajfoods.A trial order with convince you!

  14. Stommy
    My name is Stommy and I leave in Abuja. I want to go into Charcoal Business. Any body that can supply me in large quantity should please contact me on 08035491378

  15. Hello nice forum…I am into palm oil sales and need suppliers of my product in whole sale..Presently based in lagos…Please call me(08134784931) thanks..

    • Hi my name is Hauwa’u Abubakar am in kebbi state am so so interested in this palm oil business but how can you supply it to me in good prince, than how can I trust you in this business palm oil

  16. I’m into palm oil production and sales. I sell in large quantities depending on the volume of production in my village at Iwo in Osun state. Our palm oil is of a very good quality and I am ready to partner with anyone that is serious with the business. I can be contacted through this number:+2348066469123 (whatsapp) or or bbm: 25CDAD53. Pls, I am not into dubious activity and business is not by force, thanks.

    • My name is Jacob Famoroti, I am interested in this biz, and i ‘d like to know how much u sell per keg from factory inclusive of oil, keg & tp. My location is Iyesi Ota I’m Ogun State. And i want it in large quantity if i ‘ll get a deal. Thanks. 08105928988.

    • Good morning Mr Odediran, My name is Iromini Waliu. I am glad a someone from my local government is into this business. I would like us to talk about the dynamics of the business and the possibility of partnering with you. My contact number is 08039355695.Thank you sir.

  17. If u want to buy palm oil in bulk now, contact me @ 08165543374 now. I stay in Rivers state, l can send the product to any where in Nigeria after reaching agreement. I am genuine and have been doing the business for a long time now right from my university days. Pls fraudsters should not call me bcos they will not succeed.

    • Monday,
      I want to start the business. Buying at wholesale and selling retailers. What’s the current wholesale price for 25 ltrs. Where is ur location?
      Please contact me ASAP.

  18. Hi kelvin, femi is my name from lagos. I have ready market for the product in large quantity. Please contact me on 08061514958. Its very urgent. Thanks.

  19. really appreciate this write up, pls can i still make my profit if buy now and sell immediately.considering transport,cost of empty kegs,shop rent and cost of conveying it down to buyers within my localty.
    lastly,how do know a good palmoil from adultrated one.

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