GROUNDNUT OIL PRODUCTION BUSINESS PLAN

Proposed Business Name: GoldNut Oils Nigeria Ltd.
Business Address: Plot 14, Industrial Estate, Ikorodu, Lagos State
Business Type: Agro-processing and edible oil manufacturing
Estimated Startup Capital: ₦25,000,000
Target Market: Households, restaurants, retailers, distributors, and export channels
Capacity: 2,000 litres/day (initial phase)
Ownership Structure: Sole Proprietorship or Private Limited Liability Company

TABLE OF CONTENTS

1.0    Executive Summary

2.0    Business Description

2.1    Industry Overview

2.2    Company Overview

2.3    Products and Services

2.4    Unique Value Proposition

3.0    Market Analysis

3.1    Market Need

3.2    Target Market

3.3    Market Size and Trends

3.4    Competitive Landscape

3.5    Marketing and Sales Strategy

4.0    Operations Plan

4.1    Location and Facility

4.2    Production Process

4.3    Equipment Required

4.4    Staff Requirements

4.5    Suppliers & Distribution Channels

5.0    Financial Plan

5.1   Capital Requirement and Funding Sources

5.2    Startup Budget Summary

5.3    Revenue Projections

5.4    Monthly Operating Expenses

5.5    Break-even Analysis

5.6    Five-Year Profit Projection

6.0    Management and Organization

6.1   Organizational Structure

6.2    Key Personnel

6.3    Ownership Structure

7.0    Risk Analysis and Mitigation

8.0    Sustainability and Expansion Plan

8.1    Environmental Sustainability

8.2    Community Engagement

8.3    Expansion Strategy

9.     Conclusion

1. Executive Summary

GoldNut Oils Nigeria Ltd. aims to become a major player in the production and distribution of premium, locally-produced groundnut oil in Lagos State. With Nigeria’s increasing shift toward healthier edible oil options and a growing demand for agro-processed goods, this venture positions itself at the intersection of health-conscious consumer behavior and national industrial development.

Located in Ikorodu’s industrial cluster, the company will source high-quality groundnuts from the northern states and process them into natural, chemical-free cooking oil for homes, food vendors, supermarkets, and export. GoldNut Oils will also sell by-products such as groundnut cake for animal feed.

Business Objectives:

• Produce and distribute over 700,000 litres of oil within the first year
• Achieve ₦120 million in sales revenue within 18 months
• Expand production capacity by 50% by Year 3
• Create 20+ direct jobs in Lagos State

Mission Statement:
To provide safe, healthy, and affordable groundnut oil that meets national and international food standards while supporting local agriculture and job creation.

Vision Statement:
To be Nigeria’s most trusted brand in the natural oil production space within 5 years.

2. Business Description

2.1 Industry Overview

Nigeria’s edible oil industry is valued at over ₦600 billion annually, with groundnut oil among the most preferred options due to its taste, health benefits, and affordability. Demand has surged due to rising urbanization, health awareness, and the unreliability of imported oils.

The industry also benefits from government policies encouraging local content, agro-processing, and SME manufacturing.

2.2 Company Overview

Name: GoldNut Oils Nigeria Ltd.
Structure: Registered with CAC and NAFDAC-approved
Location: Plot 14, Industrial Estate, Ikorodu, Lagos
Ownership: Sole founder or partnership
Primary Activities:

• Sourcing and cleaning raw groundnuts
• Mechanical cold-pressing of oil
• Filtration and packaging
• Distribution through B2B and B2C channels

2.3 Products and Services

2.4 Unique Value Proposition

• 100% natural, chemical-free oil
• Competitive pricing and consistent quality
• Multi-size packaging for diverse markets
• Ethical sourcing and sustainable practices

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