Palm Oil Trading & Distribution

Buy palm oil wholesale from producing states (Ondo, Cross River, Edo) and resell to Lagos, Abuja, and Port Harcourt markets at 20–40% markup. Nigeria's most consumed cooking oil.

Monthly Potential

₦60k–₦150k

Difficulty

Intermediate

Capital Needed

₦30,000

Income Period

Per Month

🧠 Skills You'll Need

Commodity B2B Trading

📍 Works Best In

Lagos Abuja Port Harcourt Nationwide

🚀 How to Get Started

1

Source directly from palm oil producers in Ondo or Cross River (₦1200–₦1800/litre vs ₦2500–₦3500 in Lagos)
2

Buy minimum 500–1000 litres per trip for worthwhile margins
3

Transport in 25-litre kegs (standard market size) via road haulage
4

Sell to: supermarkets, restaurants, food processors, market retailers
5

Build relationships with 2–3 producer contacts for consistent supply at stable prices

🎓 Sign Up Free to Get Palm Oil Trading & Distribution Course

💰 Ways to Fund This

SMEDAN Programmes (free registration, training, grant windows)

₦0–₦3,000,000

Government Fund

Nigerian-owned micro or small business. Free CAC business name registration via the CAC-SMEDAN partnership is a common entry point.

📊 Varies by scheme — many components are free or grant-based; some link to subsidized loans.

🌐 Apply

Cooperative Society Loan

₦5,000–₦500,000

Cooperative

Membership in a registered cooperative society (workplace, community, or trade-based).

📊 Typically the lowest-cost option available — often single-digit or interest-free among trusted members.

⚠️ Informational only — not financial advice. Confirm current terms directly with each provider before applying, and borrow only what you can repay.