How to Invest in Vegetable Oil Refinery

http://www.dynamicwealthonline.com/w...s2-300x206.jpgThe present production level of Vegetable Oil in Nigeria cannot meet the demand of Nigerians. There is ban placed on Importation of Vegetable Oil into the country in order to encourage local investors to go into the production of Vegetable Oil.


This has made the business to be lucrative. Existing producers of vegetable oil in the country are currently enjoying sellers’ market as prospective buyers will have to deposit in advance of time before they can be supplied with the product.
Vegetable Oil is one of the Chief Sources of vitamins needed for proper functioning of the body tissues. Provision of vegetable oil will contribute to the improvement of our dietary pattern and health came delivery system.


The project is technically feasible and economically viable. Raw materials for vegetable oil refinery are palm kernel oil, Red Palm Oil, Crude Soya Oil, Sunflower Oil and Crude Groundnut Oil. These are locally available in abundance. The primary materials, that is, the seeds can be successfully grown in abundance in Nigeria. With the establishment of vegetable oil refineries, this will encourage farmers to produce more oil seeds. The resultant effects are rural development and more rural income. The project will help the nation to achieve self reliance. Production of vegetable oil in abundance locally will discourage importation or smuggling. This will conserve foreign exchange and improve the country’s foreign reserve.

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