Oluchi Chibuzor
Reftop Holdings has continued to broaden its footprint in driving progressive financing fashions of Nigeria’s agricultural financing mannequin by means of allotment of 2,700 acres of land to subscribers underneath its PalmCrest Agro-Real Estate Project to increase nationwide oil palm output by 5 % in 2031.
This for the corporate marks a big milestone in its drive to mix actual property funding with oil-palm plantation growth.
This can also be as the corporate has set a goal of five-years plan to construct its personal oil palm refinery that may be succesful of assembly 5 per cent Nigeria’s nationwide output and thereby pushing the nation to prime 2 in world manufacturing.
Speaking in Lagos, lately the Managing Director of Reftop Holdings, Dr. David Assogba, stated the venture was designed to create alternatives for buyers to take part in land possession whereas supporting the event of productive agricultural property.
He stated that PalmCrest is Reftop’s flagship agro-real-estate initiative, constructed across the possession of agricultural land, oil-palm cultivation and professionally managed plantation operations.
He defined that its first two venture phases cowl 5,200 acres and have attracted roughly 2,100 subscribers, reflecting rising participation in its agro-real property funding mannequin noting agriculture stays the following frontier.
“The model combines land ownership with the development and management of productive oil-palm farms. The concept connects land acquisition with productive farming, particularly oil-palm cultivation, allowing subscribers to participate in agriculture without having to personally manage the day-to-day activities of a plantation,” he stated.
Presenting a technical report, the Chief Operating Officer, Reftop Homes Limited, Emmanuel Oluwatosin,stated that up to now 2700 acres has been allotted to subscribers, whereas 150,000 seedlings are prepared for transplanting and 40,000 oil-palm seedlings are being nursed.
