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

Deal #3074 Version #58580

Nigeria

Created at

2013-02-22

Last update

2014-11-05

Last full update

2023-03-24

Land area

Intended size

100 000 ha

Size under contract (leased or purchased area)

[2012] 19732.0 ha
[current] 26000.0 ha

Comment on land area

Initial plantations include Biase (8,688 hectares), Ibiae (5,561 hectares), and Calaro (5,483 hectares). Additional plantations at Eyop, Kwa Falls, and Oban. Cross River State Government is reported to be identifying lands for the company's expansion in the area.

Intention of investment

[current] Agriculture unspecified

Comment on intention of investment

Oil palm for multiple uses

Nature of the deal

Lease

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

[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

Yes

Not on leased / purchased (out-grower)

Yes

Comment on contract farming

The company is looking into a smallholder scheme.