Zichis Agro Allied Industries Plc recently undertook a strategic engagement visit to the Nigerian Institute for Oil Palm Research, NIFOR, Benin City, Edo State, as part of ongoing steps towards the execution of its oil palm cultivation programme.
The visit formed part of the Company’s broader operational plan to deepen its participation in the oil palm value chain and strengthen the technical foundation for the cultivation of its newly acquired 2,000 acres of land.
The Zichis delegation included members of the Company’s Management and Board, comprising the Managing Director/Chief Executive Officer, the Executive Director, Finance and Strategy, and a Non-Executive Director. The team met with the Management of NIFOR as part of the Company’s efforts to align its cultivation activities with recognised research, technical knowledge, and sector best practices in oil palm development.
As part of the Company’s strategic plan execution, Zichis has signed a management agreement on cultivation, with the first milestone already commenced. The engagement with NIFOR is expected to support the Company’s structured approach to land preparation, seedling development, cultivation planning, and long-term sustainability within its oil palm operations.
The Company’s current oil palm development plan includes the cultivation of over 120,000 palm seedlings on the newly acquired land. This is intended to complement Zichis’ existing 3,700 fruiting palm kernels, which currently support the production of edible oil through the Company’s 2-ton-per-hour oil milling plant.
Speaking on the development, the Company noted that the engagement reflects Zichis’ commitment to responsible agricultural expansion, operational discipline, and the gradual strengthening of its agro-allied value chain.
The Company remains focused on implementing its expansion programme in a structured and sustainable manner, while supporting food production, local value addition, employment opportunities, and broader agricultural development.
Zichis Agro Allied Industries Plc will continue to pursue initiatives that support sustainable cultivation, improved operational capacity, and long-term value creation for stakeholders.
Disclaimer: This publication is issued for general stakeholder information only. It does not constitute an offer, solicitation, investment advice, financial projection, or earnings guidance. All operational plans remain subject to applicable approvals, implementation timelines, technical conditions, and other relevant business considerations.