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Deal #1684 Version #54894

Nigeria

Created at

2013-02-15

Last update

2016-05-19

Last full update

2024-05-20

Land area

Intended size

10 000 ha

Size under contract (leased or purchased area)

[2010] 6000.0 ha
[2015, current] 10000.0 ha

Size in operation (production)

[2014, current] 4000.0 ha

Comment on land area

At the mill inauguration, Olam announced that it plans to increase its acreage up to 10,000 hectares. 2015 Annual report states 10000ha under contract.

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.

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