Please note: you are viewing an old version of this deal. The current version can be found here: Deal #3075

Deal #3075 Version #58605

Nigeria

Created at

2013-02-22

Last update

2019-03-07

Last full update

2020-06-24

Land area

Intended size

12 000 ha

Size under contract (leased or purchased area)

[2006, current] 12000.0 ha

Comment on land area

Divided over 4 plantations (in four different states). 3,500 hectares of lies within the Iguobazuwa Forest Reserve. The land area may have increased, to include Edo State Rubber estate and an additional 4000 hectares, as per farmland grab article dated 20/01/2015, where Abdul Oroh states that he handed over the rubber estate in January 2015. One report states the size under contract is 14000ha.

Intention of investment

[current] Non-food agricultural commodities

Nature of the deal

Lease

Negotiation status

[2006, current] Concluded (Contract signed)

Comment on negotiation status

Previously the only investor was Michelin (the primary investor was Michelin Development Company). Michelin ceded the plantations to SIPH (International Society of plantations Rubber trees-- part of SIFCA) in exchange for shares in 2006. It is not clear when Michelin originally leased the land.

Implementation status

[current] In operation (production)

Comment on implementation status

It is not clear when Michelin originally brought the plantation into production.

Contract farming

Yes

Not on leased / purchased (out-grower)

Yes

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

[current] 2300.0 ha

Comment on contract farming

2300 hectares of land were planted from 2006 to 2011. Agence Francaise Development (AFD) is assisting in financing the program.