Presco Plc has acquired 10,000 hectares of plantation assets across the Nsadop and Boki estates in Cross River State, in a move to significantly expand its production footprint and reinforce its leadership position in Nigeria’s palm oil industry. Announcing the transaction in a notice to NGX seen by the company described it as a major…
Is the SAO Agro Allied Service Limited guilty of allegation of destruction of farmland said to be located within the Oluwa Forest Reserve in Ondo State? What really is the true situation of things? The firm was accused of destroying the affected farmland, as claimed by farmers in the area. The farmers, in their hundreds,…
In the next five years Nigeria hopes to be amongst the first three highest producer of oil palm in the world. Towards this end, the Oil Palm Growers Association of Nigeria (OPGAN) has unveiled a plan to replant 1.5 million hectares of land over the next five years. The initiative aims to increase Nigeria’s palm…
Oil palm production is one of the economic activities in the rainforest areas of Nigeria. Though farmers and oil palm producers testify to progress in the methods of planting and production they complain of lack of proper coordination and support by the government. In this interview with our man, JOHNSON OYEYEMI, Mr. Emmanuel Iku-o-penikan, farmer…
The Food and Agriculture Organisation (FAO) Climate Change Specialist, Ms. Nifesimi Ogunkua, on Monday, revealed plans to restore 18,000 hectares of degraded land in Cross River and Ondo states for sustainable cocoa and oil palm cultivation, to attract $200 million in investments to the value chain in Nigeria. Ogunkua disclosed this during a four-day FAO…
