My name is Sylvester Izuegbu and I run a palm oil processing facility in the heart of my bustling community. My palm oil processing facility, once a beacon of hope, now grapples with high operational costs and diminishing returns, challenging the dreams I had for economic prosperity.
My journey began with a vision to serve the community, understanding the importance of processing palm oil, a staple in the diets of many. The “white mill” operates on a water-intensive system, demanding constant attention and substantial fuel input. The machines run on diesel, consuming up to 6 liters a day—an expensive venture in a time of soaring diesel prices at 1,150 per liter.
At day’s end, I tally up expenditures against income, finding profits slipping away. The financial strain takes a toll; dreams of providing for my family seem to fade as expenses threaten the business. Despite the challenges, my commitment to the community remains unwavering. Shutting down is not an option; the service is too vital, ingrained in daily life.
Hope lingers as I hold onto the possibility of financial assistance to alleviate financial burdens. Reduced expenses, efficient machinery, or subsidized fuel costs could be the lifeline my business needs to become profitable and sustainable.