Please note: you are viewing an old version of this deal. The current version can be found here: Deal #3074

Deal #3074 Version #58579

Nigeria
Created at
2013-02-22
Last update
2014-10-24
Last full update
2023-03-24

Land area

Intended size
100 000 ha
Size under contract (leased or purchased area)
  • [2012, current] 19732.0 ha
Comment on land area
The plantations include Biase (8,688 hectares), Ibiae (5,561 hectares), and Calaro (5,483 hectares). One source mentions 35,000ha in total. Another source (Grain) mentions 24000ha in total. Cross River State Government is reported to be identifying lands for the company's expansion in the area.

Intention of investment

Intention of investment
  • [current] Agriculture unspecified
Comment on intention of investment
Oil palm for multiple uses

Negotiation status

Negotiation status
  • [2012, current] Concluded (Contract signed)
Comment on negotiation status
During a recent privatization round, the company won bids for 3 plantations

Implementation status

Implementation status
  • [2013, current] Startup phase (no production)
Comment on implementation status
RSPO has requested the company to halt all activities until it has complied with its regulations

Contract farming

Contract farming
No