Deal #1680

Nigeria
Created at
2013-02-15
Last update
2024-08-05
Last full update
2024-08-05

Land area

Intended size
15 231 ha
Size under contract (leased or purchased area)
  • [2011, current] 15231 ha
Size in operation (production)
  • [2023, current] 15231 ha
Comment on land area
Consisting of Ubima Estate Estate area is 9513 hectares. The deal consists of two locations Ubima Estate at 9513 ha and Elele Estate at 5718 ha. Together the two Estate make up 15231 ha. Another source says 16,000 ha was acquired by the company.

Intention of investment

Intention of investment
  • [2011, current] Agriculture unspecified (15231 ha)
Comment on intention of investment
Plantations of tree crops, mainly oil palm and rubber. SIAT diversified its activities into cattle ranching.

Carbon offset project

Carbon offset project
No

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2011, current] Concluded (Contract signed)
Comment on negotiation status
In 2011, SNL acquired from the Rivers State Government the assets of Risonpalm.

Implementation status

Implementation status
  • [2023, current] In operation (production)
Comment on implementation status
Risonpalm used to be a state-owned operation but it was run down.