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Coconut Oil Business In Nigeria:Coconut oil is a unique oil made from the coconut fruit that has many excellent health advantages and is therefore very marketable.
Coconut is a delicious exotic food that has numerous nutritional and health advantages. The most well-known of the valuable products that may be obtained from coconuts is coconut oil.
advantages of coconut oil
The lauric acid and monolaurin found in coconut oil aid in the destruction of dangerous pathogens such as bacteria, fungus, and viruses.
You may be able to eat less by lowering your hunger thanks to the fatty acids in coconut oil. Fatty acids also aid in the treatment of drug-resistant childhood epilepsy, which is another advantage.
Additionally, coconut oil has natural saturated fats that work to lower harmful LDL cholesterol and raise healthy HDL cholesterol levels in the body.
The role coconut oil plays in protecting your skin, hair, and dental health is another advantageous effect. You can lose weight by using coconut oil since it aids in hunger control and fat burning.
Using coconut oil can also be utilized to create a wide range of personal care items, including infant lotions, soaps, culinary flavors, and different skin and health care items.
How Lucrative Is Coconut Oil Business In Nigeria
There are different ways of going into coconut business such as coconut farming,selling of coconut and production of coconut oil. We’ll be sharing tips on how you can venture into a successful coconut oil production business in Nigeria.
The coconut oil business is very popular in many Asian countries but yet to be discovered by many Nigerians. Ghana is also doing well in the business and it’s contributing immensely to their economy.
In Nigeria, a litre of coconut oil can be sold for ₦6,000 to ₦8,000 and if you can sell 2 litres everyday, you’ll be making more than ₦150,000 per month.
The coconut oil business is very popular in many Asian countries but yet to be discovered by many Nigerians. Ghana is also doing well in the business and it’s contributing immensely to their economy.
In Nigeria, a litre of coconut oil can be sold for ₦6,000 to ₦8,000 and if you can sell 2 litres everyday, you’ll be making more than ₦150,000 per month.
How To Start Coconut Oil Production In Nigeria As Wholesaler/Retailer
You can venture into a coconut oil production business in Nigeria as a wholesaler, retailer or producer. It’s quite cheaper starting as a wholesaler or retailer because you won’t have to buy the coconut production equipment yourself.
Wholesale coconut oil business involves buying the oils directly from the producers or coconut oil dealers and then re-selling to the retailers who in turn sell to the direct consumers. You can even buy them from Ghana dealers and import at affordable prices.
Rebranding of the products will also help you but you should acknowledge the manufacturers as well. Also endeavour to include the ingredients and other necessary information in the label while selling the coconut oil.
Wholesale coconut oil business involves buying the oils directly from the producers or coconut oil dealers and then re-selling to the retailers who in turn sell to the direct consumers. You can even buy them from Ghana dealers and import at affordable prices.
Rebranding of the products will also help you but you should acknowledge the manufacturers as well. Also endeavour to include the ingredients and other necessary information in the label while selling the coconut oil.
How To Start Coconut Oil Production In Nigeria As Producer
What if you want to start producing the coconut oil yourself? Starting a lucrative coconut oil production business in Nigeria involves a capital of at least ₦10 million. The business involves some various machinery of which some of them like the fully automated processor which costs more that ₦3 million.
You’ll also need to get NAFDAC approval before you can start delivering to supermarket, cosmetic industries, health institutions and shopping malls. You’ll also need to hire shops and advertise your businesses to your potential customers.
Steps Involved In Coconut Production Business
Some tips you should follow while starting a coconut production business in Nigeria include:
Create a business plan.
Every business must have a business strategy in order to succeed. It should include information on your brand’s visual identity, your marketing strategy, your budget, and other relevant topics.
You can get in touch with us if you’d like a sample business plan or a plan written for your coconut company at a reasonable price.
You can get in touch with us if you’d like a sample business plan or a plan written for your coconut company at a reasonable price.
• Business registration This entails.
registering your company formally with the corporate affairs commission (CAC). In addition to allowing you to operate lawfully in Nigeria, it helps to increase the trust that your customers have in your products.
• Complete the necessary training
You must comprehend how the industry is run if you want to succeed in Nigerian coconut oil production. You can easily obtain a lot of lessons in the form of videos and eBooks online that will walk you through the process of making coconut oil.
• A source of coconuts
The basic materials are the coconut fruits, which can be obtained directly from the growers. Make sure that the farmers only provide coconuts of the highest quality, and that they are as reasonably priced as feasible.
Marketing and packaging
In this industry, packaging is really important and will help you draw in customers. The first thing a buyer will notice is your packaging. Your goods must be wrapped in such a way that someone will want to taste the product.
Steps Involved In Producing One Litre Of Coconut Oil
We’ll run through the steps involved in producing a litre of coconut oil. Around 15 to 20 coconuts will be required and when done manually, grating can take around 2 to 3 hours depending on your experience.
The steps involved in producing one litre of coconut oil are stated below:
• De-shell the coconut
This involves removing the coconut husks and shells from the coconuts. It can be done manually or mechanically. If done manually, it can take hours but using the coconut machine is far better.
The coconut machine detaches the hard coconut shell from dehusked coconut fruit via a rotating disc cutter. You can contact us to buy the coconut machine at affordable rates.
• Grating
After de-shelling,the next step in line is to grate the coconuts. It is advisable to wash the coconuts before grating to remove any dirt that might be in the copra.
• Drying
The grated meat can either be sun-dried or dried in the oven at a low heat. Drying of the copra will take hours and it should be dried to the lowest possible moisture content to enable the expeller machine extract the oil from it.
• Extract the oil
After drying the copra, you can proceed to the expeller machine for the extraction of the coconut oil. The machine will press out some cloudy fluid from the copra within few minute of feeding in.
• Filter the oil
This is the final stage in the production of coconut oil. Put the cloudy fluid is a clean bowl and stir for 30 minutes. Then allow it for some days so the cloudy fluid will settle in the bottom. After that, filter the oil and start packaging for sales or personal use.
Marketing Strategy Of Coconut Oil
Coconut oil can be used for many different purposes and ingredients for a good number of products like soaps, hair care products, skin care products, food flavours and more. You can start selling your products by advertising to your friends around who might be needing it.
Nursing mothers are also among the highest patronisers and you can approach them during postnatal and antenatal. This might not be easy since selling of wares are not allowed in the hospitals but if you can work with the mid-wives and doctors, you’d be achieving something great.
Nursing mothers are also among the highest patronisers and you can approach them during postnatal and antenatal. This might not be easy since selling of wares are not allowed in the hospitals but if you can work with the mid-wives and doctors, you’d be achieving something great.
You should also take your business online by advertising on the popular social media platforms and blogs. They’d help you reach more people across that country that would never have heard of your product.
Also, you should consider renting a shop or kiosk in a busy location so people will always have a place to visit whenever the want to patronise you.
Also, you should consider renting a shop or kiosk in a busy location so people will always have a place to visit whenever the want to patronise you.
Challenges Of Coconut Business
Some challenges that you might face while running the coconut business include:
• Electricity
The epileptic state of electricity is one major issue that you might face in the course of producing the coconut oil. You can however manage it by having an alternative power source like generator.
• Price of coconut
This is another factor that affects the cost of production and cost of the final products. Prior to the rise in dollars against the Naira, you could get a bag of coconut for ₦100 but right now the price has almost doubled.
• Availability of coconut
To succeed in this business you need to have a regular supply of coconut that would be enough to serve your customers throughout the year. The closer you are to the supplier, the cheaper the coconut oils and vice versa.
