Deal #5042

Nigeria
Created at
2016-05-17
Last update
2024-08-23
Last full update
2024-08-23

Land area

Size under contract (leased or purchased area)
  • [2002] 7805 ha
  • [2002, current] 10791 ha
Size in operation (production)
  • [2014, current] 5835 ha
Comment on land area
Additional 2986ha acquired in 2002. Approx 5835ha converted by 2014 inside the concession boundaries with an additional 930 ha converted outside concession boundaries. Another report states 12 000ha total size acquired.

Intention of investment

Intention of investment
  • [2002, current] Agriculture unspecified (10791 ha)
Comment on intention of investment
palm oil plantations

Nature of the deal

Nature of the deal
Outright purchase

Negotiation status

Negotiation status
  • [2002] Concluded (Contract signed)
  • [2012] Concluded (Change of ownership)
  • [2012, current] Concluded (Contract signed)
Comment on negotiation status
Purchased by Wilmar in October 2012

Implementation status

Implementation status
  • [current] In operation (production)

Contract farming

Contract farming
No