Millionaire investors buying up farm lands
- The National
- 11 September 2015
Some prominent Nigerians, including wealthy foreign investors, are purchasing huge tracts of land for farming with projects worth millions of naira
Some prominent Nigerians, including wealthy foreign investors, are purchasing huge tracts of land for farming with projects worth millions of naira
Sang-Liang Technology Development Centre and Nigeria's Raw Materials Research and Development Council will partner with the Niger state government for land provision for the pilot project.
A Rice Farm Consortium from Dubai investing in a 7,500 hectares of rice farm in Saminaka, Borgu local government area of Niger State will spend $100million and employ 4,000 youths in the state.
The world's largest palm oil trader faces accusations against unresolved land grabbing and human rights issues by its concessions in Asia and Africa, but says it stands by its sustainability policy.
While Wilmar spins green rhetoric, its bulldozers are still destroying vast swathes of forest and farmland.
While Wilmar spins green rhetoric, its bulldozers are still destroying vast swathes of forest and farmland.
Calvin Burgess, chairman of Dominion Farms, has issued a letter denying their involvement in a 30,000 hectare landgrab in Nigeria's Taraba State.
Development secretary Justine Greening is facing questions over UK involvement in a massive land-grab in Nigeria that is evicting local farmers from 300 square kilometres of fertile farmland.
Farmers in Taraba State refuse to give up their lands for massive rice plantation project backed by the G8
Des agriculteurs de l'État de Taraba refusent de céder leurs terres à un énorme projet de riziculture soutenu par le G8
As major investors like Dangote and makers of Indomie Noodles, Dufil, move massive investments into Nigeria's Edo State, the Commissioner for Agriculture says the state is set to take over as the nation’s food basket.
New agricultural investments in the pipeline include over $300 million in potential opportunities on the continent (excluding South Africa) which are currently being developed by its various investment teams.