Nigerian Lady who Started Palm Oil Business Makes N5m Profit in her Bank Account, Shares Experience

Nigerian Lady who Started Palm Oil Business Makes N5m Profit in her Bank Account, Shares Experience

  • A Nigerian lady who took the bold move to go into palm oil business has made a huge profit after two months
  • The business lady said that many tried to discourage her when she was about to start selling her branded palm oil
  • According to her, social media played a role in the success of the business as well making adequate research

A Nigerian lady who sells palm oil has narrated her experience with the business that she started two months ago.

The lady said she never thought she would be that successful when she kickstarted it in November 2024.

Palm oil business in Nigeria/Small businesses
The lady showed off her palm oil in kegs. Photo source: @dynoilfoods
Source: TikTok

Starting palm oil business in Nigeria

She (@dynoilfoods) added that many discouraging comments met her initiative as people tried to dissuade her from the business idea.

The lady, however, mentioned that she had many social media followers on YouTube and Instagram, which helped her promote the business faster.

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According to her, she had at least five customers daily. The business boomed, and by January, she had already raked in N5m in profit.

Before starting to palm oil business

While she talked about her palm oil business experience, she showed people how she packaged the oil neatly in different sizes. Her branding style was applaudable.

Many people who commented on her video wanted to know more about her challenges and ideas for such a business. Others asked how she was able to pull such a feat off.

On how she started, she said:

"The first thing that helped me was extensive research and planning.... The next was just starting. I know many people have all the business idea, but to start na where the wahala dey. Just start. Everyone was telling me 'oh November was not the time to start, oil is this, oil is scarce, it's expensive.' I didn't care."

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Watch her video below:

sonia osa said:

"Just start!!,nobody talks about the money to start."

Chioma said:

"I want to know more about palm oil business."

Black molly said:

"I just followed you now because I started mine yesterday and I pray that I will share this same testimony."

Ms Darko said:

"I paid GHS250 for 5lt Palm Oil, my mum vex that not be ordinary palm oil wae dey Makola market for GHS120 that I paid twice for. Now the oil arrived even before she tasted it she said it was worth it."

wisz said:

"Is there anyone here who can supply palm kernel in a very large quantity?"

Olybest001 said:

"I need directions please, I want to start oil business this year."

Paul said:

"Hi. How do you deal with shipping items to e.g. the UK, Europe and North America?"

Goodnews Barnabas said:

"I wish you business success ma, don't listen to what people say god will bless your hand work."

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nadia said:

"I really love this business ma but capital papa God."

Lady started noodles business

Meanwhile, Legit.ng earlier reported that a young lady, @anjolaoluwa688, announced starting a small noodles business.

The business-minded lady made the announcement on TikTok and congratulated herself on the new store.

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Source: Legit.ng

Authors:
Joseph Omotayo avatar

Joseph Omotayo (HOD Human-Interest) Joseph Omotayo has been writing for the human interest desk since 2019 and is currently the head of the desk. He graduated from Obafemi Awolowo University, Ile-Ife, with a degree in Literature in English in 2016. He once worked for Afridiaspora, OlisaTV & CLR. He is a 2022/2023 Kwame Karikari Fact-Checking fellow. He can be reached via: joseph.omotayo@corp.legit.ng.