last updated 12-Apr-2014
We envision a medium scale palm oil plantation and mill in Oyo State, Nigeria, including a 1000 hectare (2500 acre) plantation of Tenera-type hybrid oil palm trees producing 5 and 10 million kg of fresh fruit bunches of palm fruit per year, and a mill that will process this fruit to yield more than 1 million litres of cooking grade palm oil annually.
The American-Nigerian Palm Oil Producing Corporation was formed to help bring economic development to the people of rural Oyo State, Nigeria, to provide an example of ethical business conduct, and to assist The Good Samaritan Society of America in its vision to serve these people with education and health care. ANPOP is a for-profit enterprise that will, through its Nigerian subsidiary ANPOP-NAMPOP Ltd, provide jobs and economic stimulus to the area. Once profitable, ANPOP will make significant financial contributions to the programs of The Good Samaritan Society Mission in Fiditi, Nigeria.
Currently, we have planted approximately 200 acres with about 8,000 trees, which have begun to bear fruit. After producing approximately 100 litres of oil in 2010 and around 710 litres of oil in 2011, the 2012 harvest produced about 2280 litres of oil. The 2013 harvest is now complete, finishing at 6085 litres. Since early in 2012 we have been processing our own fruit, using semi-automated equipment purchased from NIFOR (Nigerian Institute For Oil-palm Research), and installed in our new building on the grounds of The Good Samaritan Society Mission Village. Our tractor and heavy duty disc harrow arrived in 2012 to help keep the farms free from fire and to facilitate additional crop farming in open spaces and spaces between the trees. See Photos for latest pictures. The mill operation video has also recently (Oct 2013) been updated with the latest footage - see the Videos page. The 2013 Annual Report has now been uploaded and is available on the Reports page.
The following graphs show how the harvest has been increasing exponentially and how the length of the harvest season has expanded. The trend has continued into the first month of 2014 - another year of significant growth is anticipated!
Revenues have not quite increased enough to match expenses, but it was close over the last five months of 2013. Projections for 2014 show the year ending with more revenues than expenses.
Although the harvest so far is ahead of schedule, revenues are lagging and expenses are exceeding projections. March revenues did not recover as expected - prices dropped before we were able to complete as many sales as expected, and so those expected revenues will now be delayed until perhaps July or August as we will hold on to our inventory until rices recover. Some of the extra expenses are associated with extra seed yams, an investment that should pay off within this calendar year. Repair expenses have started high, but are expected to even out in coming months.
See the History page for a brief photo history of the project. More photos can be found on the Photos page, with a few detailed reports linked under Reports. Check out the Maps and the new Videos! Questions or comments? Go to the Contact Us page.
Here is a photo of our nursery. We have not had one for several years, but we have restarted one now with 12,000 seeds in anticipation of being able to sell the majority of the seedlings.