Please note: you are viewing an old version of this deal. The current version can be found here: Deal #3100

Deal #3100 Version #58669

Nigeria
Created at
2013-02-22
Last update
2016-01-07
Last full update
2024-02-27

Land area

Intended size
33 096 ha
Size under contract (leased or purchased area)
  • [2010, current] 21696.0 ha
Size in operation (production)
  • [2010] 15629.0 ha
  • [2013] 17290.0 ha
  • [2014, current] 18373.0 ha
Comment on land area
9718 ha planted with palm oil and 7572 ha planted with rubber in 2013. 10 387ha of palm oil and 7986ha of rubber planted in 2014.

Intention of investment

Intention of investment
  • [current] Food crops, Non-food agricultural commodities

Nature of the deal

Nature of the deal
Outright purchase

Negotiation status

Negotiation status
  • [1990, current] Concluded (Contract signed)
Comment on negotiation status
Privatisation of the Okomu Oil Palm Company. Another data source states the company acquired the lease in 1991.

Implementation status

Implementation status
  • [1976, current] In operation (production)

Contract farming

Contract farming
No
Comment on contract farming
OKOMU OPC contemplates establishing a smallholders’ programme.