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Palm Oil Mill in Oyo State - page 2 / 10





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Executive Summary

We are proposing to develop a small-to-medium scale palm oil plantation and mill in Oyo State, Nigeria. The vision includes a 1000 hectare (2500 acre) plantation of Tenera-type hybrid palm nut trees, planted approximately 150 trees per hectare (ha). These trees, when mature, should produce between 8 and 10 million kg of fresh fruit bunches (FFB) of palm fruit per year. When processed, this is expected to yield 1.5-2 million liters of cooking grade palm oil annually, and will generate roughly from 0 8 1.0 million U.S. per year in revenue. Most of this income is to remain in Oyo State through direct wages, other operating expenses, grants to the Good Samaritan Society of Nigeria, or further investments in local industrial development.

1 Background

1.1 Motivation

On a recent visit to Nigeria, the author had the opportunity to observe rural women involved in the production of cooking grade palm oil in Oyo State. After some further investigation, it became clear that the demand for palm oil in Oyo state must greatly exceed the supply available through these small-scale village production methods. On returning to the United States, a committee of those interested in developing and financing this kind of project formed to study the possibilities. We have come to the conclusion that the development of a palm oil plantation and mill in Oyo State is economically viable.

But the deeper motivation for this project comes from the vision of the Good Samaritan Society of America, and its Nigerian counterpart, to make a positive impact in the lives of Nigerians living in rural areas. This project would seek to support that vision through financial support for the Society in its mission and through the development of jobs for local residents. The project would also increase the opportunities for interaction between Ameri- cans involved in the project and the Nigerian people in Oyo State, hopefully resulting in additional benefits to both groups as they share their lives and di erent cultural perspectives.


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