Wholesaler, Retailer
Okumu Oil Palm Company Plc
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Nigeria,Abuja Federal Capital Territory
Average Lead Time: 22 days
Annual Revenue: US$2.5 Million - US$5 Million
Membership Year: 1977
Plant Area:
250000 sqm to 500000 sqm
Accepted Payment Modes:
USD, CAD, GBP
Certification:
ISO9001, ISO9001
OKOMU OIL COMPANY LIMITEDThe Okomu Oil Palm Company was established in 1976 as a Federal Government pilot project aimed at rehabilitating oil palm production in Nigeria. 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-tonne fresh Fruit Bunches /hour 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 companys 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 Nigerias leading oil palm company with 8,800 ha of mature palm, a young extension of 4,000 ha of rubber, and a palm oil mill of 30 tons per hour capacity.