Okitipupa Oil Palm Plc Modernizes Operations with Four New Mills and Expansion Plans
Pink Nominee Ltd (PNL), the core investor in Okitipupa Oil Palm Plc, has initiated an ambitious modernization plan by acquiring four new state-of-the-art mills decades after the company’s original mills were installed.
️ Modernization Milestones
The new mills will be installed across the Ikoya, Apoi, Ilutitun, and Iyansan Plantation Estates, signaling a major upgrade in the company’s operational capacity.
To further bolster this effort, the company plans to:
• Plant 750,000–1.2 million high-yield oil palm seedlings on a 5,000-hectare greenfield.
• Redevelop its existing 8,000-hectare brownfield, replacing aging plantations with young, high-yielding seedlings.
This initiative is scheduled for launch in Q2 2025 by Ondo State Governor Lucky Aiyedatiwa.
Market Leadership Goals
The Managing Director, Mr. Taiwo Adewole, emphasized the company’s vision to position itself as a major player in Nigeria’s oil palm value chain, leveraging new technology and corporate reforms.
Corporate Growth and Governance
Under the reconstituted board’s leadership, the company achieved:
• A 400% growth in share price since listing on the NASD trading platform in June 2024.
• Plans for a relisting on the Nigerian Stock Exchange, enhancing visibility and investor confidence.
PNL has also implemented good corporate governance practices, reinforcing trust in its operations and leadership.
The Future Looks Green and Promising
This strategic overhaul aims to place Okitipupa Oil Palm Plc at the forefront of sustainable and profitable oil palm production in Nigeria, delivering both economic growth and environmental sustainability.
#OkitipupaOilPalm #Sustainability #AgricultureInnovation
Pink Nominee Ltd (PNL), the core investor in Okitipupa Oil Palm Plc, has initiated an ambitious modernization plan by acquiring four new state-of-the-art mills decades after the company’s original mills were installed.
️ Modernization Milestones
The new mills will be installed across the Ikoya, Apoi, Ilutitun, and Iyansan Plantation Estates, signaling a major upgrade in the company’s operational capacity.
To further bolster this effort, the company plans to:
• Plant 750,000–1.2 million high-yield oil palm seedlings on a 5,000-hectare greenfield.
• Redevelop its existing 8,000-hectare brownfield, replacing aging plantations with young, high-yielding seedlings.
This initiative is scheduled for launch in Q2 2025 by Ondo State Governor Lucky Aiyedatiwa.
Market Leadership Goals
The Managing Director, Mr. Taiwo Adewole, emphasized the company’s vision to position itself as a major player in Nigeria’s oil palm value chain, leveraging new technology and corporate reforms.
Corporate Growth and Governance
Under the reconstituted board’s leadership, the company achieved:
• A 400% growth in share price since listing on the NASD trading platform in June 2024.
• Plans for a relisting on the Nigerian Stock Exchange, enhancing visibility and investor confidence.
PNL has also implemented good corporate governance practices, reinforcing trust in its operations and leadership.
The Future Looks Green and Promising
This strategic overhaul aims to place Okitipupa Oil Palm Plc at the forefront of sustainable and profitable oil palm production in Nigeria, delivering both economic growth and environmental sustainability.
#OkitipupaOilPalm #Sustainability #AgricultureInnovation