Imo is blessed with large tracts of arable land which makes plantation very viable with high potential for employment generation, food security and poverty reduction. The state government seeks to privatize its oil palm plantation "Adapalm Nigeria Limited"
Adapalm Nigeria Limited was incorporated on the 9th of May, 1975. After the splitting of the East Central State in 1976, ownership of the company was transferred to Imo State under the control of the Ministry of Agriculture and Natural Resources, Owerri. To date, the company is fully owned by the Imo State Government.
The main objective of the company is the development and management of oil palm plantations, and their allied products, and mechanical processing of fresh fruit bunches at its mills complex at Ohaji and Umuogu, Mbaise. Presently, the company has 4,310 hectares of oil palm plantation planted between 1975 and 1978 while 20 hectares were planted in 1995. The products of the company are the Special Palm Oil (SPO) and Palm Kernel.
In its second phase development programme, a downstream industry for further processing of special palm oil and palm kernel was started in 1992 to increase the company’s product line. The products expected from the downstream industry include vegetable oil, laundry soap, glycerine, palm kernel cake and oil.