OKOMU OIL PALM

At inception, the pilot project covered a surveyed area of 15 580 hectares out of which 12 500 hectares could be planted with oil palm. It was incorporated on December 3, 1979 as a limited liability Company. As part of efforts to shore up its revenue base, the Company acquired and installed a 1.5 T/h Fresh Fruit Bunches (FFB) mill in 1985 to begin to process its FFB. Prior to the installation of the mill, the Company derived its revenue from the sale of FFB. By December 31, 1989, 5 055 hectares of the estate had been planted. The Company also began infrastructural developments on the estate at that period. The facilities included office blocks, workshops/stores, staff quarters, a petrol station, a powerhouse and a primary school for children of the Company's staff members. In 1990, the Technical Committee on Privatisation and Commercialisation (TCPC) privatized The Okomu Oil Palm Company on behalf of the Federal Government of Nigeria. It has since grown to become Nigeria's leading oil palm Company with total area of 33 113 ha of which 19 061 ha is currently planted with oil palm trees and 7 335 ha with rubber trees..