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Deal #3676 Version #62900

Nigeria

Created at

2013-05-07

Last update

2020-06-24

Last full update

2024-08-28

Land area

Intended size

10 000 ha

Size under contract (leased or purchased area)

[2009, current] 10000.0 ha

Intention of investment

[2009, current] Food crops (10000.0 ha)

Comment on intention of investment

To grow rice in commercial quantity (for local consumption and export market)

Nature of the deal

Lease

Negotiation status

[2009, current] Concluded (Contract signed)

Comment on negotiation status

The deal with the Vietnamese was sealed vide a Memorandum of Understanding (MOU) signed on the 28th of December, 2009

Implementation status

[2013, current] In operation (production)

Contract farming

Yes

Comment on contract farming

Edo State co-operative farmers agency has signed a partnership agreement with transformation Agri-tech limited (T4M) by the Edo state government, to provide farmers with high breed rice with a gestation period of only ninety (90) days. This could be produced thrice a year on the take off in the next planting season. It is not clear whether the contract farming is on or off the lease- it is thought to be off the lease.