How To Invest In Palm Oil Storage In Nigeria

Introduction

Just recently, I was listening to a radio program, on business success. The presenter said something that picked my interest.

Some listeners of his program were calling privately, to ask what they should do with some amount of money they have. But he was announcing to them, that part of his assignment as a presenter is not to tell them where to invest their money. But to inspire them to succeed in whatever they do.

“I have ₦1million, what should I do with it?

“I have ₦300,000, what do you suggest I do with it?

From this, I got to understand that Nigerians are still making and saving money out of their daily hustles, notwithstanding the hardship. It really intrigued me.

I also understood that many are looking for direction when it comes to where to invest their money.

Where should you put your money so that it can increase with time?

Where would you invest your money, sleep and wake up, still knowing that your asset is increasing in value?

Is there an investment option that the rich, poor, youths, adults, educated and uneducated can invest with profitable returns?

With this and other posts I would be providing answers to these questions. Unlike the radio presenter, I feel the responsibility to suggest profitable investing options to you.

One of such investment options that I discovered is palm oil storage.

In this post, I would be guiding you through the best, actionable and most relevant on how to invest in palm oil storage in Nigeria. It is so profitable it can make you a millionaire. It is so promising you can become a palm oil exporter in the future.

FAQS

1. Why should you invest in storage of palm oil in Nigeria?
2. How much do you need to start palm oil storage in Nigeria?
3. Where do you buy palm oil cheap in Nigeria?
4. When is the suitable time to buy palm oil for storage in Nigeria?
5. Actionable steps to palm oil storage investment in Nigeria.
6. How to avoid risks associated with investing in palm oil storage in Nigeria.
7. On A Flash.

Why should you invest in palm oil storage?

1. The market for palm oil is too big: Nigeria is the largest Black Country in the world. Her population is estimated to be more than 2oo million. By implication, it is difficult for you to have anything useful to sell and not see those who would buy it.

Truly, the demand for palm oil with the Nigerian population is too high. With only a few palm plantations available, the demand exceeds the supply. This makes investing in palm oil storage highly profitable. With palm oil storage, you can double or even triple your capital on investment in one year.

Besides, palm oil is unavoidably used a lot.

• Home uses – cooking, scrubbing and first aid.
• Industrial uses – Soap making, margarine and body creams.
• Spiritual Uses – prayers, medicine and even magic.
• Hotels and restaurants uses, etc.

Yet, your investment is secured and your returns assured investing in palm oil storage. 

2. Investing in palm oil storage is a great alternative to mainstream investing: Most people are not familiar with shares. But it is easy to understand palm oil storage investment.

No technical terms like equity, index fund, Liquidity, etc.

You don’t need lawyers and surveyors, as in real estate.

Even an illiterate with common sense and a little knowledge of plus and minus can excel investing in palm oil storage.

You don’t need a stock broker.

You don’t need to sell on credit. It is a cash and carry business.

You don’t need to wait till old age to start using you money.

Minus all these hassles, plus a profitable returns on investment!

Why don’t you give palm oil storage a try now?

Also check my post on 7 Online Investment Ideas That Are Turning People Into Millionaires:

• Investing in palm oil storage is less-stressing: See, this investing option is not palm oil plantation. It is not palm oil processing business. It is not palm oil trading business.

You don’t have to do the labor. All you need to do is buy the quantity your money can buy when it is cheap. Store your palm oil in a good condition, and sell when the price goes up.

Fiam! You are on your way to wealth.

When you store palm oil, you wouldn’t have to watch it everyday. Do this or that.

No!

Just store it in a good condition.

You have to store your palm oil in a dry room. Don’t allow water close to your oil. Make sure it is covered tightly. Check it once in a while and sell at the right time.

Palm oil storage is a perfect way to make passive income. With palm oil storage, your money would be increasing while you sleep.

Also Read  post on 10 Profitable Ventures To Invest Your Resource As A Student In Nigeria.

1. Palm oil has a storage value that makes it an asset: Palm oil is not as perishable as tomatoes, fresh paper, onions or some other products within its bracket. That is why it could be stored for between 6 months at minimum, or 12 or 18 months at maximum, depending on the quality of the oil.

This storage value of palm oil makes it an asset. It can increase in its financial value with time.

That’s why I’m not recommending it to you as a business. Business is buying, and selling with a margin.

But in the case of palm oil storage, you buy, and see your capital growing into double or more over a period of time. Then sell at the right time and make your profits.

As at the time of writing this post, market research shows that a 25 liters gallon that was bought at ₦11,000 during the time it was cheap is now selling at ₦25,000.

Let’s assume you are one among those who have ₦300,000, but don’t know where to invest it. If you had invested it in palm oil storage between December and January last year, you would have more than ₦600, 000 by now.

Within the next circle of storage and sales, you can start counting in millions.

1. Palm oil is of high liquidity rate: If you store palm oil, you can sell it at any time and take your cash. You don’t need an agent whom you would pay commission, as in the case of real estate (land). You don’t need to sign papers or pay penalty for withdrawing before stipulated time, as in fixed deposit.

Let’s assume you have a better investment opportunity and you want to sell the palm oil you have stored and invest, it is easy.

Any time, any day, you can have your money because the market is always there and buyers are there. This is the concept of liquidity in mainstream investing.

How much do you need to start investing in palm oil storage?

The following are the major materials to buy.

A Few plastic containers – 25 or 30 liters (the number would depend on how much you are investing.

A funnel.

A drum, 2 or more, depending on how much you are investing.

With a cash of ₦100, 000, even more or less, you can start investing in palm oil storage.

But, if you have more money that is where you would need to write a business plan and take some other steps that are not covered in this post. Things like registering with corporate affairs or renting a warehouse.

You might also like this post WRITE AND GET PAID IN NIGERIA – 12 LEGIT WEBSITES CURRENTY PAYING WRITERS

Where do you buy palm oil cheap in Nigeria?

There are many states where you can get palm oil in Nigeria. Most states in the North do not produce much in palm oil. This is why; there are some people who supply oil to states in the north, as their business. And they make a lot of money from it too.

But there are states that produce in large quantities because palm trees do well in them.

Places where you can buy palm oil cheap include some areas of Ondo state, Edo, Akwa Ibom and virtually all the 5 South Eastern states of Nigeria. That is; Abia, Ebonyi, Anambra, Enugu and Imo.

You can buy it cheap from these states, especially from their villages.

What is the suitable time to buy palm oil for storage?

Between the months of May and September, palm trees don’t bear much fruits. So this is the time of scarcity. Because of the scarcity, this is the time when the price goes up.

But from November to March is harvest time. Because of the harvesting, there is always a lot at this time of the year. This is when it is abundant and cheap.

So, the best time to buy palm oil for storage is between November and March. If you noticed, I excluded April and May because by then the price have started going up gradually. I also did not add September and October because by then the price may still be a little higher too.

So, the best time to buy palm oil for storage is between November and March.

The best time to sell your stored palm oil is between June and August.

Actionable steps to palm oil storage investment.

Some are of the opinion that you need a business plan to start palm oil storage. Or that you need to rent a shop. Or even go register with corporate affairs commission.

Hey! You don’t need all this if you understand this post.

Follow these simple steps below and invest as much as you have.

• Make storage space – Depending on the quantity you are buying. You don’t need to rent a room if you are starting small. Which I recommend you do. A space in your apartment may be all you need to start.

Even if you have one million, I don’t advise you to invest all at once. Although there is little risk when it comes to palm oil storage investment, investing all your money at once is not encouraged. It is like testing the depth of an ocean with two legs. It could be dangerous.

• Buy your storage facilities, like plastic gallons.

• Have an update about the market prices from time to time.

• Keep your cash ready.

• Buy when it is cheapest.

• Sell when it is highest.

How to avoid risks associated with investing in palm oil storage.

• Fake palm oil: There are fake red oils and there are ones with a very poor quality. They are mixed with something else.

To avoid buying fake and adulterated red oil I recommend you buy from local producers.

• There are criminals, who like to reap where they have not sown.

To avoid loosing your storage to thieves, you must ensure that the place where you store your oil is safe. Buy strong padlock. Fix iron protectors and always mount surveillance around your store.

• Shortened oil gallons. When you buy with containers that are not complete, you are being cheated.

 To avoid being cheated with shortened containers, always turn the oil from the seller’s gallon to yours before payment.

• Avoid Greed. Greed can make you sell when the prices have gone down, thereby loosing money.

To avoid missing the right time to sell, sell when the price has appreciated considerably.

7. On A Flash.

• Truly, the demand for palm oil with the Nigerian population is too high. With only a few palm plantations available, the demand exceeds the supply. This makes investing in palm oil storage highly profitable.

• Most people are not familiar with shares. But it is easy to understand palm oil storage investment. Even an illiterate with common sense and a little knowledge of plus and minus can excel investing in palm oil storage.

• You don’t have to do the labor. All you need to do is buy the quantity your money can buy when it is cheap. Store your palm oil in a good condition, and sell when the price goes up.

• Palm oil storage is a perfect way to make passive income. With palm oil storage, your money would be increasing while you sleep.

• With a cash of ₦100, 000, even more or less, you can start investing in palm oil storage.

• Places where you can buy palm oil cheap include some areas of Ondo, Edo, Akwa Ibom and virtually all the 5 South Eastern states of Nigeria. That is; Abia, Ebonyi, Anambra, Enugu and Imo.

• So, the best time to buy palm oil for storage should be between November and March. The best time to sell for highest profitable returns should be between June and August.

Your responsibility is to take action on these ideas. Don’t just see them as a blog post; see them as ideas for financial success.