History

Establishment of 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 conservation areas.

Incorporation as a Limited Liability Company by the Federal Government.

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

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

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.

Installation of an 800 KVA turbine at the palm oil mill to improve supply of electricity.

Acquisition of 6 116 ha known as Extension 1.

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

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

Installation of 1 400 KVA turbine at the palm oil mill.

Expansion of the 30 T/h palm 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.

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.

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.

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 palm oil mills in Extension 2.

Turbine upgrade from 2.3M W to 7.3 MW.

Conducted HCS assessment for 500 ha in Extension 2.

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.

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

Installation of 2 units of 1 550 KVA turbines in Extension 2 palm oil mill.

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

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

Installation of 5 MVA turbine at the Oil Mill.

Inclusion of Extension 1 plantation to its RSPO certification.

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

Commissioning of the second 30 T/h palm oil mill in Extension 2 projecting the projection of CPO to about 80 000 T per annum.

Inclusion of Extension 1 plantation to the RSPO audit plan.

Reforestation of 50 ha.