Nigeria: Presco to invest $100m in Ogun oil palm project
- The Cable
- 08 July 2026
Oil palm giant Presco Plc says it plans to establish operations in Ogun state with an initial investment of about $100 million.
Oil palm giant Presco Plc says it plans to establish operations in Ogun state with an initial investment of about $100 million.
Aden River Estates, which currently holds a land bank of approximately 7,000 hectares in Ohosu and Okoro plantations in Edo state, has launched its maiden debt capital market transaction to fund an expansion programme.
Nigeria's Lagos state government intends to pursue intensive farming on at least 500,000 hectares of land through collaboration with other state governments and the Federal Government to strengthen food supply chains into Lagos.
Greenpeace Netherlands is taking legal action to block the giant meat company's destructive expansion plans in Nigeria.
The 5,000-hectare farm estate in Ora, Ifelodun Local Government Area of Kwara State will be allocated in parcels of five hectares per farmer, with each beneficiary expected to employ between four and five workers.
Nigeria’s proposed $900 million poultry partnership with Chinese investors is encountering early resistance from local farmers, raising fresh concerns about how foreign-backed agricultural projects could reshape the country’s domestic industry.
The plan calls for six integrated poultry farms, each with an output of about 1 million eggs per day and each backed by a 10,000-hectare agricultural estate dedicated to maize and soya production for feed.
The Nigeria Sovereign Investment Authority has signed an MoU with UK‑based Asset Green Limited for a $496 million large‑scale integrated dairy operation that will combine a 20,000 hectare forage farm and a 10,000‑milking cow dairy barn.
Le projet prévoit le développement d’une plantation de 14 000 hectares de palmiers à huile et la mise en place d’usines de transformation, par le groupe agro-industriel Presco Plc, pour un coût de 200 millions $.
La multinationale agroalimentaire suisse Socfin est sous le feu des critiques pour ses plantations de palmiers à huile et de caoutchouc en Afrique de l’Ouest, où des cas d’exploitation, de conflits fonciers et de violences sexuelles sont régulièrement signalés. Podcast enregistré en public à Lausanne.
Origin Tech Group has launched a new agricultural investment platform known as Corporate Farm, designed to mobilise private and institutional capital into large-scale farming operations across Nigeria.
At the centre of the company’s rollout strategy is a 400-acre estate in Kogi State, where individual investors acquire one-acre parcels priced at ₦6 million.
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