Deal #3676

It is a Public Private Partnership (PPP) arrangement with Edo State government and the Niger Delta Development Commission (NDDC). While T4M is bringing most of the funds, equipment and technical experts, NDDC is also putting in some funds and equipment. The Company came into the country through Joint Venture(JV) MoU agreement with NDDC on 17th December 2008. This MOU was country-wide, thereafter specific MOUs were signed for areas. The Company and Akwa Ibom state government in a Memorandum of Understanding signed on August 7, 2009 agreed that the host State, Akwa Ibom, will fulfill key obligations and responsibilities namely; provision of 10,000 hectares of land suitable for rice production fully cleared, accurately surveyed and the boundaries stipulated with security of tenure for 25 years as condition precedent for T4M company to commence activities.