Please note: you are viewing an old version of this deal. The current version can be found here: Deal #1684

Deal #1684 Version #54896

Nigeria
Created at
2013-02-15
Last update
2018-03-16
Last full update
2024-05-20

Land area

Intended size
10 000 ha
Size under contract (leased or purchased area)
  • 12920.0 ha
  • [2010] 6000.0 ha
  • [2015, current] 10000.0 ha
Size in operation (production)
  • [2014] 4000.0 ha
  • [2017, current] 4400.0 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. 12,920 hectares is the total area of the farm, 10,000 hectares to be covered with rice paddys.

Intention of investment

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

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2010, current] Concluded (Contract signed)

Implementation status

Implementation status
  • [2012, current] In operation (production)

Contract farming

Contract farming
Yes
Not on leased / purchased (out-grower)
Yes
Not on leased area/farmers/households (out-grower)
  • [current] 5563.0 ha
Comment on contract farming
Target of 16000 farmers by 2018