Deal #8679

Nigeria
Created at
2021-03-10
Last update
2022-06-20
Last full update
2022-06-20

Land area

Intended size
5 000 ha
Size under contract (leased or purchased area)
  • [2009, current] 5000 ha
Comment on land area
The Company was established in 2009 and the processing plant completed and ready to go in 2010

Intention of investment

Intention of investment
  • [2009, current] Livestock, Food crops (5000 ha)
Comment on intention of investment
Valentine Chickens farms Soya Beans, Sorghum and Maize and a variety of animal production including New Jersey Cattle and Poultry Products.

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
Initial lease to Shonga Farms (deal 1683)

Negotiation status

Negotiation status
  • [2009, current] Concluded (Contract signed)
Comment on negotiation status
Spun off from Shonga Farms, which was established in 2005

Implementation status

Implementation status
  • [2010-06, current] In operation (production)
Comment on implementation status
production began in Mid 2010.

Contract farming

Contract farming
Yes
Not on leased / purchased (out-grower)
Yes
Not on leased area/farmers/households (out-grower)
  • [2015, current]
Comment on contract farming
In 2015 a contract growing scheme was initiated to assist and develop indigenous farmers with commercial farming practices. Maize and soya production was increased and purchased from local farmers for milling.