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Deal #1684 Version #54893

Nigeria

Created at

2013-02-15

Last update

2014-09-09

Last full update

2024-05-20

Land area

Intended size

10 000 ha

Size under contract (leased or purchased area)

[2010, current] 6000.0 ha

Size in operation (production)

[2014, current] 3000.0 ha

Comment on land area

At the mill inauguration, Olam announced that it plans to increase its acreage up to 10,000 hectares

Intention of investment

[current] Food crops, Industry

Comment on intention of investment

Processing factory for rice and cashew nuts. One commercial farm but also using input from local farmers. Plan to increase acreage to 10 000 hectares.

Nature of the deal

Lease

Negotiation status

[2010, current] Concluded (Contract signed)

Implementation status

[2012, current] In operation (production)

Contract farming

Yes

Not on leased / purchased (out-grower)

Yes

Not on leased area/farmers/households (out-grower)

[current] 3000

Comment on contract farming

Target of 16000 farmers by 2018