Deal #4772

Location #1

Spatial accuracy level
Administrative region
Location
Edo, Nigeria

Target country
Nigeria
Comment on location
In different parts of the state

Land area

Intended size (in ha)
50000
Size under contract (leased or purchased area, in ha)
[2014] 20000
[2015] 50000
Comment on land area
This is part of the land in #4322. One source mentions that the company is trying to bring 4000-5000ha into operation in 2015.

Intention of investment

Intention of the investment
Food crops, Agriculture unspecified

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
The MOU gives a time limit for the investors to develop a substantial part of the land or the investor faces forfeiture on any undeveloped part of the land.

Negotiation status

Negotiation status
[2014] Concluded (Contract signed)

Implementation status

Comment on implementation status
The MOU gives a time limit for the investors to develop a substantial part of the land or the investor faces forfeiture on any undeveloped part of the land.

Leasing fees

Annual leasing fee
2000
Annual leasing fee currency
Naira (₦)
Annual leasing fee type
per ha
Comment on leasing fees
The leasing fee is to be established. The state government will collect it and pay part of it to the communities or provide infrastructures for the communities.

Contract farming

Contract farming
Yes
Not on leased / purchased area (out-grower)
Yes
Comment on contract farming
The company will guarantee a market for the produce. They will also assist the outgrowers in terms of provision of quality seedlings.

Number of domestic jobs created

Jobs created (domestic)
Yes
Comment on jobs created (domestic)
The project should create local employment for the communities.

Operating company

 

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Data source #1

Data source type
Company sources
File
Comment on data source
company website

Data source #2

Data source type
Media report
File
Date
2015-03-23
Comment on data source
The Nation News -- do boosts 10,000 jobs with agriculture

Data source #3

Data source type
Media report
File
Date
2015-09-07
Comment on data source
ND Link -- Ojemai farms to invest in Sugar cane plantation in Edo

Data source #4

Data source type
Media report
File
Date
2015-09-11
Comment on data source
Farmland Grab -- Edo State sets aside 300,000 ha of land for investment

Data source #5

Data source type
Media report
File
Date
2014-02-27
Comment on data source
The Nigerian Observer -- Agric Development: EDSG signs MoU with 4 firms

Data source #6

Data source type
Government sources
File
Date
2014-03-04
Comment on data source
Edo Govt Signs $500m MOU Agric Investment with Four Companies

Consultation of local community

Community consultation
Free, Prior and Informed Consent (FPIC)

How did the community react?

Community reaction
Consent
Comment on community reaction
The government gained consent from the community. Communities are already worried that the investors are yet to commence. It is based on their willingness to cede the land to the government and not the investor.

Promised benefits for local communities

Comment on promised benefits for local communities
A portion of the lease will be used for infrastructure development in the communities.

Former land owner (not by constitution)

Former land owner
Community

Former land use

Former land use
Smallholder agriculture

Former land cover

Former land cover
Cropland
Marginal land

Detailed crop, animal and mineral information

Crops area
Cassava (Maniok), Oil Palm, Rice

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
Processing and refining facilities

Overall comment

Overall comment
The MOU gives a time limit for the investors to develop a substantial part of the land or the investor faces forfeiture on any undeveloped part of the land.

May 14, 2018, 10:02 p.m.

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Nov. 15, 2016, 2:44 p.m.

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Sept. 17, 2015, 1:46 p.m.

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