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

Deal #3100 Version #58673

Nigeria

Created at

2013-02-22

Last update

2017-09-04

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. Another data source states 30 000ha size under contract.

Intention of investment

[current] Food crops, Non-food agricultural commodities, Agriculture unspecified

Nature of the deal

Outright purchase

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

[1976, current] In operation (production)

Contract farming

Comment on contract farming

OKOMU OPC contemplates establishing a smallholders’ programme.