PZ-Wilmar, a joint venture between two international companies, says it will expand its palm oil production to 240,000 ha of plantations if the government implements a backward integration programme.
"Between now and the next seven, eight years, our Group in Nigeria will have over 100,000 hectares of plantations," says the Chairman of Presco Plc, a company controlled by SIAT of Belgium.
Lagos State government says states acquiring land for food production in other places has become "global practice everywhere".
Niger State Commissioner for Agriculture says Aliko Dangote is coming to Niger State in grand style with a request for 50,000 ha of land in the flood plain bank of River Niger for rice and sugarcane production.
The Dangote Group had indicated interest in investing in irrigation around Kampe dam, adding that the land was suitable for sugar cane cultivation
Investment Corp. of Dubai in tie-up with Nigerian businessman Aliko Dangote that "could run into billions of dollars" and involves ventures in agriculture.
WEMS Agro Companies Limited plans to invest about $2.2 million into rice cultivation in a 25,000 ha rice project in Ondo state with Chinese partners.
500,000 hectares of new farmlands has so far been identified across the Nigerian state to be allocated to the investors to develop the sector.
Dangote Group has acquired 150,000 hectares of farmland in five Nigerian states -Edo, Jigawa, Kebbi, Kwara and Niger- which will be used for the commercial production of rice paddy.
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.