How I started my coconut oil business with just ₦700

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Nsikak Akpan is from Ikono LGA, of Akwa Ibom State, an HND Holder in MicroBiology at Federal Polytechnic Nekede, Owerri, Imo State. She is the founder of Splendent Oils. She produces pure coconut oil and other essential oils like Carrot oil, Tumeric oil, Neem oil, palm kernel oil, Onions oil, papaya and Avocado oil etc.

Coconut oil is the oil extracted from the meat of a mature coconut. There are two methods of extracting coconut oil, cold processing and hot processing. It is used in cooking, skincare, as herbicide and drinking. Coconut oil when taken orally helps boost the immune system, boost energy and lower inflammation. It also improves the balance of cholesterol level in the blood, as it is natural, stress on the pancreas is reduced.

young-lady-cutting-coconut-in-coconut-oil-business

Nsikak ventured into the Coconut oil business because she sees it as a lucrative business. It has created an employment opportunity for her as a fresh graduate. She started her production in January 2020.

Nsikak affirms that the economic benefit of the coconut oil business is huge. The coconut oil business engages youths and encourages creativity. It is a very lucrative business that one can venture into with a lesser amount of money and have huge returns.

Nsikak started her business with ₦700 which she used to purchase 5 coconuts.

She has had high points in the business. In her words, “It has connected me to many firms within Akwa Ibom State and its environs. I have the opportunity of meeting with great people in society through this business. I have had the opportunity to attain several seminars and conferences”. However she has had low points, she says, “I was really trapped starting the business in the rural area where it is not an essential commodity. I had low sales, most times I did not sell in two weeks so I had to relocate to the city of Uyo.

Nsikak admits she has thought about giving up in the face of challenges especially when male customers try to take undue advantage of her.

Her business is registered with it is registered with Small and Medium Enterprises (SMEDAN). She does the coconut oil production manually and also engages and pays people to assist her in grating since it is done manually.

Nsikak presents Utibe Akwa Ime, the Founder of Utytrends Enterprises as her business mentor.

Nsikak seeks engagements with policymakers and investors to scale her business. In her words, “Grating coconut manually has been one of the discouragements in my business because it consumes production time and it is very stressful. I need an industrial working machine for grinding and easy production of coconut oil. I also need packaging containers to produce in larger quantity and a site or warehouse for the production”.

To fellow and intending entrepreneurs, Nsikak advises, “Stick to your line of business and do it diligently. Do not wait for a huge amount of money before you can venture into any kind of business you desire. Before you go into the coconut oil business, all you need is pre-knowledge and the necessary training before you can start. Consistency is the key to a successful business venture.”

Entrepreneurs boost economic growth by introducing innovative technologies, products and services. They provide new job opportunities in the long and short term and also increased competition from other entrepreneurs, challenge existing firms to become more competitive.

Lastly, Nsikak says, “My Motivation to the society is that Entrepreneurs are equally, if not more, important when the economy is doing badly. When unemployment is high and the economy is contracting, dynamic entrepreneurship could help turn the economy around which could in turn create new job opportunities and reduce unemployment. So, if entrepreneurs are consistently encouraged, in bad economic times as well as good, then all businesses are kept on their toes, motivated to work continuously to improve and adapt. Entrepreneurs are the fresh blood that keeps economies healthy and flourishing even as some individual firms fail.

Let this story motivate you to start a coconut oil business today.

 

53 thoughts on “How I started my coconut oil business with just ₦700”

  1. Wowooo!!!
    It’s really inspiring…
    She’s very hard-working woman
    God bless your hard work 👏👏👏
    Love you and I’m very happy for you❣️❣️❣️❣️

    Reply
  2. I wish your business expands
    May God bless the work of your hands
    Whatever u touch to do shall be bless
    Dota loves you

    Reply
  3. Nsikak Akpan is very hardworking. She has good sense of humor and great zeal for her business.
    Splendent oil is pure and good for all.

    Reply
  4. Knowing you in school and been your Igbo interpreter made me friends with this beauty with brains. Keep soaring higher my love. Greatness awaits you.

    Reply
  5. Nsikak akpan i’m happy you are making it
    Tho u hv been my stupid friend for years n know dt u r loved greatly….
    God bless you richly

    Reply
  6. Wow I’m happy fr u girlie
    Tho u hv bin my stupid friend fr years now but know dt u r loved greatly…
    God bless u richly

    Reply
  7. Her product is one of the best so far in Nigeria, All she needs is standard packaging. Her commitment and entreprenueral skills is second to none.

    Reply
  8. Very inspiring! I have a lot of people close to me who have confessed to the efficiency of her product including myself too.

    Good job dear!

    Reply
  9. Wow !wow!!wow!!!this is amazing, really inspiring, I pray other talented youths be creative just as you are. I pray for excellency in ur excelling, God be with u

    Reply
  10. This story, awesome as it sounds can only come from resilience and consistency. I celebrate your efforts and how far you’ve come!
    Keep pushing!

    Reply
  11. Thank you for changing the face of the coconut business through your innovative mindset. I’m super proud of you. Keep up with the spirit.

    Reply
  12. Nsikak I commend you for your creativeness and courage to come up with a product of such attractive benefits, despite all odds and challenges capable of causing you give up at some point. Keep up the good works dear.

    Reply
  13. Dear Nsikak Akpan, thanks for holding onto this dream. With this you’ve thought many not give to give up on their positive dreams.

    Reply
  14. Well, yours truly have always believed in your capacity and mind blowing concept of making engaging yourself outside your academic carrier which is part of human resource of not waiting for the white collar Job. With this believe me, you are going place to in the world.

    Keep it up and the sky is your starting point.

    Reply
  15. Passion requires focused direction, and that direction must come from three other areas: your purpose, your talents, and your needs.

    This product and entrepreneur have continue to be outstanding the entrepreneur talent the brand purpose of giving satisfaction is well appreciated. Have tested it and I recommend it.

    Reply
  16. You are a great ambitious lady,a Go-getter, your mood of determination make me curious, am proud of you dear ❣️ and I pray that Akwa Ibom youths should get up and be brave as you are…. Your coconut oil is the best and I pray for More Success Amen 🙏🙏🙏

    Love live Splendid oils
    Love live Miss coconut oil…

    Edima Essien Loves you and your product ❣️

    Reply
  17. A brand you would love to use over and over again,your coconut oil is the best I have used so far.Kudos, keep up the good work.

    Reply
  18. Utibe Akwa have been a role model and the touchbearer to all Nigerian Youth most especially theAkwa Ibomites in the area of enterprenuer you show how determination, zeal and passion to whatever one’s desire to do can become a great destination for all.
    You have taken Our dear state to an unenviable hight with your hard work.
    Long live Uty Trend Enterprise.
    More wins

    Reply
    • Wa o.
      I admire her consistency even in the face of daunting challenges…
      More grace to her….
      I wish government can create more policies to assist small scale businesses like hers

      Reply
  19. I am glad you are not repenting efforts. Keep pushing soon the world will celebrate you.

    I have tasted and use Splendent Oils….is good

    Reply

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