Deal #1669

Nigeria
Created at
2013-02-15
Last update
2024-05-15
Last full update
2024-05-15

Land area

Intended size
300 000 ha
Size under contract (leased or purchased area)
  • [2008-12-17, current] 10000 ha
Comment on land area
The company claims to have completed negotiations for lease on 300,000ha in Nigeria. It seems as if this company has numerous 10,000 ha concessions in the several states in the Niger Delta.

Intention of investment

Intention of investment
  • [2008-12-17, current] Food crops (10000 ha)
Comment on intention of investment
Production of rice , cassava and others.

Carbon offset project

Carbon offset project
No

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2008-12-17, current] Intended (Memorandum of understanding)
Comment on negotiation status
JV MoU signed with Niger Delta Development Commission. In 2009 numerous MoUs signed with state governments within the Niger Delta for 10,000 ha concessions. The Company, which came into the country through Joint Venture(JV) MoU agreement with NDDC on 17th December 2008.

Implementation status

Implementation status
  • [2011, current] Project abandoned
Comment on implementation status
Activities in Akwa Ibom State appear to have come to a stand-still. Grain states the project has failed (2011).

Contract farming

Contract farming
Yes