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Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria - Business - Nairaland

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Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 9:46am On Oct 18, 2022
The aim of this thread is to open your eyes to the wealth creating opportunities in this area and how you can make in oilpalm business.

It's very profitable and sustainable enterprise although your investment start coming in by the 4th year of production.

According to the story told by my biological father,his late father (who was my grandfather) cultivated large expanse of land for oilpalm in the 1940's when he was young.

Many years ago,I heard him on the phone discussing on getting his own share of palm oil from the farm; that was how I got to know and this is how they do share palm oil quarterly or so.

Calculating the years now,that will be about 80 years or so.

That spur my curiosity about oilpalm plantation and my interest in this farm business grew.

How can you cultivate a crop and still be earning good revenue from it many decades later?

So I started planning on how to create my own oilpalm empire.
And the oilpalm farm estate in ijebu-igbo was born.

Now,I have tested and can say it's best and most profitable and sustainable cash crop you can cultivate.

Unfortunately,the potential has not being tapped.
Apart from the palm oil,there are other value added products like palm kernel cake,palm kernel oil,broom sticks etc that generate even more money than palm oil.

You can register to learn free on how you can start oilpalm farm business in Nigeria through this link


https://docs.google.com/forms/d/1ig5vI2AuEgrrcKU-3i_tQz4dfjVuaIAbLdFpcDw30_g

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Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 10:11am On Oct 18, 2022
Nigeria was the top producer of palm oil in the world from 1962-1970 according to FAO (food and agriculture organization) specialized agency of the UN that leads international effort to defeat hunger.

Between 1962-1967, Malaysia & Indonesia government sent representative to Nigeria to understudy the oilpalm production and took some seeds away.

By 1971, These countries has displaced Nigeria from the top of the list of top producer of palm oil in the world.

7.98 million hectares of cult -indonesia
Nigeria is just cultivating meagre 1.6 million hectares

This palm oil industry alone contribute huge 4.5% to the GDP
Not only does it contribute foreign exchange for the various governments as they hold 90% of the global supply but to their citizens

Out of the 32 billionaires identified by Forbes magazine,14 are palm oil tycoon having accumulated their wealth from the industry.

Now bringing it back home,why is our production low?

No commercial cultivation of oilpalm except the ones being established by government during the 1960's and early 70's

Although there are few establishment like okomu,presco etc cultivating hundred of thousands of hectares but the production level still yet to meet the domestic, industrial and export demands for palm oil.

And that's why we are agressively expanding our oilpalm plantation estates in ijebu-igbo,Ogun state.

2 Likes

Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by SocialJustice: 10:27am On Oct 18, 2022
You didn't even mention vegetable oil and Margarine. Those are like the 2 most important products from palm. If I ever have a palm farm, those are the products I will sell.
Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Natural2Heal: 10:32am On Oct 18, 2022
Palm oil business vs cashew nuts business, which do you think is most profitable?
Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 7:21pm On Oct 18, 2022
SocialJustice:
You didn't even mention vegetable oil and Margarine. Those are like the 2 most important products from palm. If I ever have a palm farm, those are the products I will sell.
My brother, oilpalm has many derivatives that generate huge money.
The ones I can remember are those I put there

1 Like

Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 7:28pm On Oct 18, 2022
Natural2Heal:
Palm oil business vs cashew nuts business, which do you think is most profitable?
Palm oil
Although setup is expensive but pays off.
Numerous value added products from oilpalm have high monetary value than palm oil.
So if you have an oilpalm farm in large expanse of land,you are a potential multi-million aire or a billionaire if you know what you are doing.
The value added products you get from cashew doesnot command high monetary value.
Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 10:22am On Oct 19, 2022
To be continued
Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 11:09am On Oct 24, 2022
Never give up on your dream.


My little experience in agribusiness has taught me that the only way to succeed in this environment is to never give up 


Like what Dangote will always say "persistence of purpose supercedes any other thing"


How far can you persist in the face of letdown?

How far can you keep pushing in the face of disappointment?

How far can you keep learning,keep moving in the face of dampened expectations?


In 2010, I wrote on a piece of paper what I wanted to achieve in 2-3 years time; pasted it on the wall of my room what I wanted to achieve in terms of the number of acres of land I wanted to be cultivating and the revenue I wanted to be generating at that time.


I was getting closer to my goals when suddenly about 50Ha cassava got destroyed and back to square zero


My spirit was dampened for many weeks, my body was weak and was seriously confused.


I was on the edge of giving up but 3 things came to mind.


1. if I give up now,the years of acquiring skills/techniques will get to waste and have to start afresh in another industry


2. I have a strong conviction that agribusiness is going to be the future and I have to stay there to enjoy the benefits.

Giving up early will means forfeiting the future benefits of what's to come.


3.The goal is not an end,it's just a means to an end and part of the grand purpose.


It's not the grand goal.


After many weeks,I dusted myself up and started working on how to start all over again and within 1 year, I recovered and hit my goals


From the bitter experience,I learnt that you need a mentor to guide you and tell you what to do per time.


I made that mistake and I paid for it.


Unfortunately at the time,there was very few mentors open to guiding new,young entrants.


The little mentorship,guidance from myself and other people you are having on this platform should be taking seriously to save you a lot of time ,stress and resources.


What you have on paper or in your head might not necessarily work out with your timeframe but with persistence of purpose and never give up attitudes in the face of defeat will get you there.

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Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 11:33am On Oct 27, 2022
As I write, the price of palm oil is about twice the price of crude oil in the international market.

This was not so in 2011 when I predicted that agriculture will eventually be the cornerstone in the next decade to come.

Malaysians and the Indonesians came in to Nigeria to pick our oilpalm seeds and turn it into a rock on which they build their economy generating billions of dollars and making them top developed economy in the world.

If you are smart, you should look into investing into this as it's still going to be one of the crop that will rescue Nigeria economy and generate massive wealth for Nigerians.

Do I have to talk about plantain?

Yes,because it's one of the crop that can keep generating income for you for a very long time once you cultivate it.

Fortunately,you can also intercrop plantain and oilpalm together for a maximum output.

It should be noted that if you are looking at oilpalm plantation,it's very important that you add value to it by processing it into palm oil

Even all the residue of oilpalm processing can also generate a diversified income for you apart from the palm oil.

For all of those with oilpalm farm on our ijebu-igbo farm estates,they have access to our processing facilities to start producing palm oil and it's derivatives on the estate.

1 Like

Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 4:38pm On Nov 01, 2022
You want to create and build wealth through agriculture?
Own farmland and own enormous of it
Own a well managed cash crops like oilpalm,cashew, plantain, cocoa with livestock (goats, sheep �,cattle) and go about your daily job.
Come back 5-6 years and you have something to sustain you and your unborn generation for the rest of their lives.

3 Likes 1 Share

Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 11:28am On Nov 08, 2022
#goodmorningfromhere
Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 5:14pm On Nov 12, 2022
Lesson 101 for agro-investors and farmers

One of the things that kills many farmers/investors is not biting more than they can chew.
Many want to cultivate 200 acres of land but don't have the resources of cultivating 50 acres.

Cultivate the number of acres you have the resources to do.
In short start what you can finish.

If you start and don't finish,you would have wasted the initial money invested and at the end of the day would not be able to get the returns.

There are many abandoned farm,don't join the numbers.
Good day!
Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 7:34am On Nov 15, 2022
If you can't fly...then run.

If you can't run...then walk.

If you can't walk,then crawl but whatever you do,you have to keep moving forward....

...Martin Luther king Jnr.



In this part of the world we put a lot of energy on talking but little on action.

More than a decade ago,I set out to start my farm business.i wanted to start with acquisition of 100 acres; 100 acres was a huge goal for me at the time and I thirst for it but unfortunately my financial muscle and my goal do not follow.

So I had to start with leasing 1 hectare somewhere in Ogun state.
I was discouraged and had the choice of abandoning my goal but I understand that I had to walk and worked with leased 1 hectare if I am going to have the opportunity of running with my 100 acres goal.

There is nothing as important as setting your goals and executing.

Executing takes you closer to achieving your goals

The greatest mistake you can make is to have a goal and not be motivated to work in achieving them


If you can't fly with it and you can't run with it,then crawl with it....make sure that no matter how little you progress, you are closer to your goal now than yesterday


Don't just have your goals on paper or in your head without taking actions to achieving it no matter the small steps you take.

The only way is forward ever.

Someone told me last month
"I want to own 500 acres farm"
I said "well,you can do it but where are you starting from this week"

Are you starting from owning few tens of acres first and then move to 100 or 500 or you are waiting for the perfect time?

The fact is perfect time is a mirage.
Keep going,Never stop working on your goals.

1 Like

Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 8:07am On Dec 05, 2022
Whatever you sow,come back to you in hundred folds

Remember that adage"Whatever you sow,you reap"
Using my knowledge background in agriculture,that's partially correct.

In agriculture,that adage is not true
If you sow a grain,you will reap a whole maize cob with hundreds of grains.

If you sow a 5cm stem,you reap many cassava tubers and a 2m cassava stem/s.

If you sow a cashew seed,you reap hundred of cashew seeds..
If you sow a soybeans seed,you reap hundreds of soybeans seeds
It's better to say " whatsoever you sow,you reap hundreds folds of it

As a farmer,that's how I think and that's the reality and. That's why we must watch our actions
Do not do to others what you don't want to be done to you because if you do,you will reap it back in hundred fold no matter the time it take

Like corn which takes 3months to reap after sowing
It may take a week,3 months,,a year,a decade or less
That's sounds moral?
Well,welcome to life 101 realities

As you go out today, make sure you sow the seeds of goodness, integrity,passion for your business and in your workplace because whatever you sow ,you reap hundred folds.

Want to acquire farmland on any of our farm estates in ijebu-igbo, ogbomoso, ilorin or you want to setup farm,we are your right plug.
Kindly call or send WhatsApp to +2349031147593

Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 8:20am On Dec 10, 2022
What's the essence of having oilpalm farm and not being able to process them into palm oil when they are ready?

Lots of revenue are being wasted due to the fact that most farmers sells just the raw fruits

One of the benefit of those who own oilpalm farm on our farm estates in ijebu-igbo has is access to the processing facility where they process their palm fruit and earn good revenue from their farm
Want to join others too
Kindly send a DM
Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 8:07am On Dec 11, 2022
Need to learn more about oilpalm business,you can register for our free mentorship/training class on our telegram group here
https://docs.google.com/forms/d/1ig5vI2AuEgrrcKU-3i_tQz4dfjVuaIAbLdFpcDw30_g
Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 7:34pm On Dec 12, 2022
You want a sustainable income for decades,then choose oilpalm business
Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 6:54am On Dec 13, 2022
Life is inherently risky. There is only one big risk you should avoid at all costs and that is the risk of doing nothing - Denis waitley
Good morning.
Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 7:54am On Dec 19, 2022
Dream, aspirations do come through only if it's back by actions.

Yes,you want to have a 10,30,50,100,600 acres of cassava,plantain,oilpalm farm etc generating income for you year in year out but it seems the dream is out of reach
My question for you is what are you doing about that goal now?.

What action plan are you taking towards it?
If you want to bring it to reality,then you need to work towards it.

Enough of talking!
Enough of distracting research!
More of doing!!


You want to have additional source of income,what steps are you taking to achieve that.

You want money to be working for you when you retire from active service,then how are you investing now?
What actionable steps are you taking?

You are not satisfy with your current income,then what steps are you taking improve on it.

What can you start with what you have now

Sometimes I am moved by the tenacity of some of our clients on our farm estates who started with meagre tens of acres and have grown it into hundreds of acres consistently over the years.

You see,you don't need to have everything, you just need to start with what you have

In all,if you want your dream to become a reality, back it up with consistent action.

Good morning

Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 7:29am On Dec 20, 2022
I have a friend on our farm estate who didn't know many years ago,that apart from palm oil,you can derive many other products from oilpalm plantation until I educated him about the wealth creating potential of cultivating one.
I introduced him to oilpalm cultivation

From 100 acres of oilpalm,he has now expand it to 300 acres.

Although palm oil is the common and popular products from oilpalm farm but did you know that palm kernel cake,palm kernel.oil, broom which are derivative products of oilpalm processing generates triple of the revenue generated by sales of palm oil?

As I write,the prices of oilpalm derivatives in both the local and international markets are way up on a daily basis

For every X million of naira he generates from palm oil,pkc and other derivatives bring him 3X million,not to talk of other short term crop he intercrop with his oilpalm farm.


Last year,he told me that he is retiring to his farm once age limit catches up with him in the civil service.

Oilpalm farm is one of the asset you should consider to own for a prosperous future and you can own oilpalm farm on any of our farm estates in ijebu-igbo,Ogun state

Kindly send DM to participate

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Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 8:59am On Dec 21, 2022
Few of the things we know how to do best;

Getting you access to good fertile farmland specific to the crops you want to produce

Mechanical land clearing and land preparation

Setting up your farm and farm management services
And
Access to buyers as soon as your produce is matured to be harvested
Join others on any of our farm estates in ilorin, ijebu-igbo, ogbomoso and apomu
Send DM if interested
#waleagro

1 Like

Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 9:02am On Dec 22, 2022
We provide accessible,fertile, secure farmland in any of our farm estates in ijebu-igbo, ogbomoso,ilorin,and apomu
We also provide access to markets for all those on the estate when their produce are mature and ready to be sold.
Want to join others to start your farm enterprise in any of the locations
Kindly DM
Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 3:23pm On Dec 22, 2022
Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 6:07pm On Dec 24, 2022
If you don't put anything in the ground,nothing will yield for you

The best time to grow an iroko tree was 20 years ago,the next best time is NOW!!

Join others who own oilpalm on our farm estates so that you can create revenue for yourself and generations to come.
Send WhatsApp +2349031147593

Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 10:26am On Dec 25, 2022
Merry Christmas and Happy New year in advance my people!!
Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Thazard(m): 11:23am On Dec 25, 2022
Lesgupnigeria:
Merry Christmas and Happy New year in advance my people!!
Boss make i drop account details.this year i couldn't start my farm as i hoped.
Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 12:13pm On Dec 26, 2022
Happy boxing day !!
Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 8:05pm On Dec 26, 2022
The only way to succeed faster is knowledge
Get knowledge and every other things will fall in place

Join our training by signing up through this link

https://docs.google.com/forms/d/1ig5vI2AuEgrrcKU-3i_tQz4dfjVuaIAbLdFpcDw30_g
Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 5:15pm On Dec 28, 2022
Integrity is all that matters!

Integrity is one most important value you should imbibe if you want to go far in life.

It's one of the rarest and scarcest commodity in the world.
People with one are very few.

It's simply doing what you promise you'll do and saying what you can do and cannot do.

If you know that you won't or can't do it,then let the other person know before you promise heaven and Earth and fails to fulfil it.

You promise to deliver a certain results at a particular time but you fail to do so,if you can't do so,why promise or say so in the first place?

Integrity is all that matters
Your business depends on it
Your life depends on it
Your staying in that job depends on it.

You say that you will meet a deadline,make sure you do your best to meet it even if it will require you going the extra mile to see it accomplish at the time stated.

Recently,I relocated the local farmers on one of our farm estates to another farm location in the same area telling them that they can use their new location for few years because we wanted to use some hundreds of acres in the location they were initially for personal cultivation and for partners.

Last 2 weeks,I noticed we would have to re-relocate them to another area entirely.

What should we do?
We have already told them to be cultivating there and most have already started cultivating the land there,
I have already given them my word,
If I will be re-relocating them,that will go against my word.
So we have to change our own plan and find another new location for the farm projects that will accommodate us.

Although it was not convenient to change our own plans but had to do so because doing otherwise will be against the principle,culture of integrity.

I am also happy that the cultivation timelines I promise all of those on our estates are met
That's integrity
It was not convenient but it was

Do what you say you would do,
Don't say what you know that you can't do or wouldn't do
Ultimately,do unto others what you want others do to you
Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 11:58am On Dec 29, 2022
Investing in agriculture is not for the unemployed or job seekers except you have financial backers.
This is because it requires lot of money for you to be able to start a tangible agricbusiness.

I remember that I once advice someone on this platform not to venture into agriculture.
Many were surprised that I could do that.
But it is what it is.

Get a job first,save and then invest in agriculture to have another source of income.


Agriculture will not make you rich quick.
I burst your bubble right?
It's not that kind of business that you start today and start making money tomorrow.
It require a consistent efforts over time and once it's established,you can be assured of continuous stream of income for life.
My grandfather oilpalm business that was started many decades ago and still feeds many mouths and tens of tons of palmoil shared quarterly among his children.

There is a lot of mindset you need to change about agriculture so you don't get frustrated and discouraged

Good morning

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Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 9:38am On Dec 31, 2022
#happynewyearinadvance
Re: Oilpalm Business: The Most Profitable Untapped Enterprise In Nigeria by Lesgupnigeria(m): 9:30am On Jan 02, 2023
HAPPY NEW YEAR TO YOU ALL.

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