Delta State is set to transform its oil palm industry with a community-driven model, unlocking 130,000 hectares of arable land—exceeding its 100,000-hectare target.
Through the DELCOM Project, local SMEs and entrepreneurs will benefit from a 10% land allocation and 22% profit-sharing plan for host communities.
Governor Sheriff Oborevwori announced plans to establish six processing hubs for palm oil, stearin, and organic fertilizer, creating new opportunities for agripreneurs and agro-processing businesses.
The first phase, covering 35,000 hectares, includes two oil mills with a $150 million investment, backed by a N25 billion government guarantee.
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To sustain funding, DELCOM COOP is leveraging intercropping of cassava, maize, soybeans, and sorghum—offering supply chain opportunities for smallholder farmers and food processors.
With $900 million in foreign private equity funding in progress, the initiative aims to create 288,700 jobs initially and one million in the long run.
DELCOM COOP Secretary, Dr. Felix Okonti, projected that by 2032, the project will lift two million people out of poverty, create 15,000 millionaires, and 1,080 billionaires—positioning Delta State as a hub for agribusiness innovation and SME growth.
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