History

1976

Establishment of the Main Estate plantation by the Federal Government in a de-reserved area of the Okomu Forest Reserve with an initial surveyed area of 15 580 hectares, out of which 12 500 hectares could be planted. The remainder of the area was left as a conservation area.

1979

Incorporation as a Limited Liability Company by the Federal Government.

1985

Acquisition and installation of a 1.5 T Fresh Fruit Bunch (FFB)/h palm oil mill by the Federal Government.

1989

Planting of 5 500 ha of oil palm and construction of critical infrastructure such as staff quarters, school and clinic.

1990

Privatization by the Technical Committee on Privatization and Commercialization (TCPC) on behalf of the Federal Government of Nigeria. Shares are sold to the public, resulting in the Company becomes registered on the Nigerian Stock Exchange.

2001

Acquisition of 6 116 ha known as Extension 1.

2007

Planting of 1 969 ha of oil palms and 1 811 ha of rubber trees on Extension 1.

2008

Commissioning of a 2.5 T/h rubber factory to compliment the Company’s rubber plantations.

2013

Expansion of the 30 T/h oil mill to a 60 T/h palm oil mill, allowing the Company to produce more than 40 000 T of Crude Palm Oil (CPO)/annum.

2014

Acquisition of 11 416 ha of land and a 10 T/h palm oil mill from Hartman Ltd, in Ovia N.E LGA/Uhunmwonde LGA, including 664 ha of cultivated oil palms. The acquisition is named Extension 2.

2016

Establishment of a 50 ha palm nursery in Extension 2, the biggest in Africa, and planting of more than 4 000 ha of oil palms in one year; also a record.

2018

Planting of 2 300 ha of oil palms in Extension 2, completing the area to be planted in Extension 2 to approximately 9 500 ha.

Construction of the first of the 2 new 30 T/h oil mills in Extension 2.

2019

Turbine upgrade from 2.3M W to 7.3 MW.

Conducted HCS assessment for 500 ha in Extension 2.

2020

RSPO certification obtained, alongside its earlier ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certifications all in our Main Estate plantation, Okomu is the first oil palms company in Edo State to have achieved this.

2021

Commissioning of the first of the 2 new 30 T/h oil mills in Extension 2, projecting production of CPO to around 80 000 T per annum by 2025.

Start of the construction of the second line of Okomu’s 30 T/h palm oil mill at Extension 2.

2022

Commissioning of the second line of the palm oil mill at Extension 2.

2023

Inclusion of extension 1 plantation to its RSPO certification.

Extension 2 certified to RSPO P&C and to ISO 9001.