Ogun partners World Bank on easy access to agricultural lands
- BusinessDay
- 21 September 2022
The partnership is expected to remove bureaucratic obstacles that hinder easy access to lands for agricultural and industrial investments.
The partnership is expected to remove bureaucratic obstacles that hinder easy access to lands for agricultural and industrial investments.
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Industrial palm oil production in West and Central Africa is mainly controlled by five multinational corporations, and could continue expansion. Plantations take up large tracts of land and water. The current water crisis in these territories would not exist if corporations had not grabbed the land from communities.
There is no other crop that has grown faster globally in the last decade than palm oil. This almost uncontrollable expansion leaves a deep trail of destruction and conflicts around it. As companies take over more community land, they also grab the water sources from them.
The impact on water availability for communities that live in and around industrial oil palm plantations is systematic and dramatic.
As companies take over more community land, they also grab the water sources from them.
Morocco is seeking investors for a $213 million agriculture project in Western Sahara that will establish farms on 5,200 ha for growing fruit, vegetables and animal feed.
As foreign agribusinesses take over Kiryandongo communities’ fertile land, other local investors are also eyeing the remaining land occupied by the poor families in the southwestern district of Uganda to grab their land.
Fresh controversy has emerged over the leading certification scheme for sustainable palm oil after a verification mission exposed ongoing issues around certified oil palm plantations in Cameroon.
A tycoon once named one of Indonesia’s richest has gone on trial for alleged corruption estimated to have cost the state the equivalent of US$5.25 billion and caused major environmental damage from the destruction of vast amounts of virgin forest for oil palm plantations.