last updated 09-Apr-2017
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.
Currently, we have planted approximately 200 acres with about 8,000 trees, which have been bearing fruit since around 2007. After producing approximately 100 litres of oil in 2010, the production increased exponentially until 2013. Since then we have increased by about 2000 litres per year, with 12,220 litres produced in 2016. 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. After the tractor was destroyed in a fire in early 2016, a replacement tractor was obtained, which arrived in Fiditi on 14Jan2017.
The following graphs show how the oil production has been increasing steadily since 2014, after earlier exponential growth. It can also be seen in the monthly breakdown how the length of the harvest season has expanded. We finished 2016 with 12,220 litres.
Palm oil production so far in 2017 is ahead of the slow pace set at the start of 2016, with the main challenge continuing to be a shortage of labor. Salaries have been increased and staff has been added accordingly. Prospects remain bright for continued year over year production increases.
Strong palm oil prices were the key to finishing 2016 with revenues well above projections. Prices have begun to decline, both due to the season and to the strengthening of the naira. We expect to generate positive cash flow again in 2017.
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 Videos! Questions or comments? Go to the Contact Us page.
The replacement tractor has arrived! We have purchased the Massey Ferguson shown below, and it shipped 15-November-2016. After arriving in port at Lagos on on 23-December-2016, it cleared customs and was transported to Fiditi, arriving 12-January-2017.