Olam to invests $100m in commercial rice production
- Guardian (Nigeria)
- 16 July 2014
Olam reveals plans to expand its rice farm in Nigeria to 10,000 hectares.
Olam reveals plans to expand its rice farm in Nigeria to 10,000 hectares.
The integrated rice milling facility is situated at the heart of Olam’s 6,000-hectare greenfield irrigated and mechanised paddy farm in Nigeria’s Nasarawa State.
A group of South African investors have indicated interest to plough $200 million in the agriculture sector and acquire an initial 5,000 ha in Nigeria's Edo, Enugu and Benue states.
Nigeria's Sokoto state government has approved the allocation of 33,000 hectares of farmland to Dangote Group of companies for the plantation of sugarcane.
The Movement for The Survival of the Ogoni People (MOSOP) says Rivers State Government fraudulently acquired over 2,000 ha of Ogoni farmlands and handed them to a Mexican farmer for a banana plantation.
Over 5,000 farmers from Kebbi State have been displaced as the state government took over their farmlands and allocated them to a Chinese firm for mass agricultural production.
The Taraba Government on Monday said that Dangote Group had paid N1.2 billion to it as compensation for land acquired in Lau Local Government Area of the state.
The Nigerian government and Taraba State signed an MOU for 30,000 hectares with Calvin Burgess, a US investor and owner of Dominion Farms Ltd, for large scale rice production in Taraba State.
He said the conglomerate would require about 250,000 hectares of land for sugar cane production and 130,000 hectares for rice farming.
L’état de Cross River, qui est le second bassin cacaoyer du Nigéria, met en vente 5 fermes publiques s’étendant sur 12 129 hectares.
Wilmar International, one of the world’s largest oil palm companies, through its subsidiary, Biase Plantations Ltd acquired 5,561 hectares of land from the Cross River State government in 2011.
The farms cover 12,129 hectares and produced about 50,000 metric tons annually.