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Deal #7494

Location #1

Spatial accuracy level
Administrative region
Location
Benue, Nigeria

Target country
Nigeria
Comment on location
Located in Howe, Gwer East local government area in Benue State.

Land area

Size under contract (leased or purchased area, in ha)
[2017] 2599
Size in operation (production, in ha)
[2019] 140
Comment on land area
A total of 2599 hectares of land was leased from Benue government. 2420 hectares will be used for mango plantation and 139 hectares for milk production.

Intention of investment

Intention of investment
[2019] Food crops, Livestock
Comment on intention of investment
A total of 2599 hectares of land was leased from Benue government. 2420 hectares will be used for mango plantation and 139 hectares for milk production.

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
Lease agreement would be reviewed every 5 years .

Negotiation status

Negotiation status
[2017] Concluded (Contract signed)

Implementation status

Implementation status
[2019] In operation (production)

Leasing fees

Annual leasing fee
10000
Annual leasing fee currency
Naira (₦)
Annual leasing fee type
per ha
Comment on leasing fees
N10 000/ha @ a cost of N25 million. It is not clear if this is an annual leasing fee.

Contract #1

Contract date
2017
Contract expiration date
2022
Duration of the agreement (in years)
5
Comment on contract
Lease agreement would be reviewed every 5 years .

Number of total jobs created

Jobs created (total)
Yes
Planned number of jobs (total)
1000
Current number of employees (total)
[2019] 40

Operating company

Name of investment project
Mango farm

 

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Data source #1

Data source type
Media report
File
Publication title
Obasanjo’s farm to employ over 1,000 workers in Benue
Date
2019

Data source #2

Data source type
Media report
File
Publication title
Benue govt leases land to Obasanjo farms for mango, milk
Date
2017
Comment on data source
lease information

Detailed crop, animal and mineral information

Crops area
[2019] Mango (140 ha)
Comment on crops
Mango plantation covers 140 hectares and will start yielding fruits in the next 3-4 years.
Livestock area
Dairy Cattle
Comment on livestock
no information on livestock operation (milk production).

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
Factories for processing fruits would be built and over a 1,000 people would be employed at completion.
In-country end products of the project
Fruit juices.

Overall comment

Overall comment
The company is owned by the former president Olusegun Obasanjo.

Nov. 28, 2019, 3:23 p.m.

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Nov. 28, 2019, 11:39 a.m.

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