Etini
Valued Contributor
For those of us in Nigeria, we know that we have a fair amount of palm oil. But there are two extremes though. The southern part of Nigeria is blessed with soil that favors the survival of palm trees, thereby making palm oil available in southern Nigeria. The northern part of Nigeria doesn't favor the survival of palm trees and so they don't have palm oil. This situation creates a business opportunity.
With the high demand for palm oil for domestic and industrial purposes, one can make a fortune transporting palm oil from southern Nigeria to sell in Northern Nigeria.
From feasibility, it is found that the price of palm oil in Northern Nigeria is double the price it is sold in southern Nigeria. If you can carry a reasonable quantity, you would easily offset the high cost of transportation and make a good profit. All you need is a source to get palm oil from, the capital to buy the palm oil and transport it, and a means of transportation.
With the high demand for palm oil for domestic and industrial purposes, one can make a fortune transporting palm oil from southern Nigeria to sell in Northern Nigeria.
From feasibility, it is found that the price of palm oil in Northern Nigeria is double the price it is sold in southern Nigeria. If you can carry a reasonable quantity, you would easily offset the high cost of transportation and make a good profit. All you need is a source to get palm oil from, the capital to buy the palm oil and transport it, and a means of transportation.