Experts Push Structured Agro-Real Estate Model To Revitalise Nigeria’s Farming Sector

Experts in the agro-real estate sector have called for a radical shift in Nigeria’s agricultural investment framework, urging the adoption of a structured agro-real estate model to end years of fragmented participation and unaccountable schemes that have stifled growth in the sector.
To drive this transformation, they have unveiled AgriNova, a consortium designed to bring order and transparency to agro-real estate investments. The initiative incorporates climate-conscious practices, including tree planting to support environmental sustainability, while aiming to boost Nigeria’s GDP and create jobs for youth through its 100,000-hectare oil palm development project already underway.

By combining land ownership with agricultural production, they believe it will offer investors dual streams of income from returns from farming alongside appreciating land value while ensuring sustainability and professional management.

Coordinator of the consortium and president of the Billionaire Realtors Group (BRG), Dr Emmanuel Abikoye, said, “Over the last decade, thousands of investors have participated in land and agro-related investments that lack structure, accountability and transparency. The result has been predictable: misaligned expectations, poor execution, and capital loss.

This is what AgriNova has come to correct.”
According to the BRG boss, AgriNova is a structured agricultural asset platform, harmonising multiple estate operators into a single execution framework designed around verified land allocation, standardised plantation development and production-based income.

The AgriNova consortium comprises several real estate companies, including Assetrise Limited, BRG (marketing partners), Gracias Global Homes and Property, Eystone Development, Zularich Properties, GHP Properties, Landvest, Prime Pinnacle, Urban Living, and Auspicious Properties.

CEO of Assetrise, the operational partner of the consortium, Oluwadurotimi Ojamamoye, said, “We have come together to pull up risks and see agriculture in Nigeria advance to a new level that will lead to GDP growth in the country and provide jobs for our youth. “We are together as one voice to lead this new agricultural revolution.”

In the AgriNova model, the developers sell demarcated plots of land to investors, managing the farming and making returns to the investors based on the yield of the land. Income is generated strictly from the sale of crops produced on individual plantations. The investor retains ownership of the land.

According to Mr Ojamamoye, the consortium is starting with the cultivation of oil palm.
The CEO of Gracias Homes and Property, Dr Ololade Abuta, highlighted the importance of government support for the project.

“Agriculture is very important; the aim is to go beyond selling to individuals. It is to get recognised by the federal government and deal with a lot of transactions beyond Nigeria, because we have the capacity.”

Chairman of the Lagos chapter of the Real Estate Developers Association of Nigeria (REDAN), Dr Tony Kolawole, lauded the initiative. “This is an innovation that the world needs now. It combines both the benefits of property ownership and agriculture. We cannot live without food, as a nation is preserved through agriculture.”

He commended all the partners in the consortium and advised realtors to develop interest in selling agro-real estate.