A tonne of crude palm oil retails for up to ₦2 million. The smallholder who grew the fruit behind it sells raw bunches for about ₦320,000 a tonne. This article follows the money, and explains the cooperative structure that changes the equation.

Nigeria produces enormous quantities of Crude Palm Oil but captures almost none of the value in Palm Kernel Oil or refined products. Understanding the difference between CPO, PKO, and RBDPO is the first step to understanding where the money actually is.

HIBGLI Agro Ventures is committing ₦7.5 billion to transform Ondo State's palm oil sector: 1,200 farmers, 20 cooperatives, a 1,000-hectare demonstration farm, and a path to ₦11.55B annual revenue. Here is the full picture.