Palm Kernel in Nigeria is where most farmers make Millions silently.
If you are Nigerian and you usually went home to the village during the Christmas.
At one point in time or another, you would have done this before.
Though it was a tough process trying to get the kernel out of the shell, it’s gradually becoming an easy and very lucrative business.
One that pays thousands of Naira per each ton.
Price of Palm Kernel in Nigeria 2016
Makes you feel like you shouldn’t have eaten all those kernel you were cracking.
The business of palm kernel has been a profitable one going back over 50 years. It’s so profitable because the oil that is gotten from Palm kernel alone is used for quite a large number of things.
It’s the vegetable we use for cooking, baking and frying. It’s also used in as a bonding agent in a lot of other products.
Pastries, Soups, Creams, Lip sticks and Make up.
It’s so versatile that every year new products are created using palm kernel oil as their basic ingredients.
The ignorant Fact
But here in Nigeria, so little is known about its uses aside from the companies that make use of them for their various products.
Its also the reason why most people various states and local government of the country who harvest Palm fonds and extract Palm Oil, throw away the Palm Kernel as waste product.
Thus the reason why we as kids, we found so many of it to crack then and even now.
If only we knew the amount of money we were literally throwing away, because we didn’t know what to do with it other that as a local snack to chew on.
The Money is in Palm Kernel in Nigeria
So the next time you travel home for Christmas or you notice a heap of palm kernel, just seating down there uncracked.
Ask your self this?
How much could I make if I had it cracked and bagged.
A bag of cracked Palm Kernel currently goes for N5200 to a bag.
A ton of Palm Kernel currently goes for N106,000
There is a great business opportunity just seating down in your families backyard at your village home.
Why not consider going back or placing a call to have it arranged for you.
Beat you might just be throwing way some serious dough.
Look out for our next post on ways to process and prepare your palm Kernel for supply