AgriNova Bridges Trust Gap in Agro-Real Estate Investment

Omolabake Fasogbon

A consortium of leading Nigerian real estate firms has launched AgriNova, a new platform aimed at addressing longstanding concerns over transparency, accountability and execution in Nigeria’s agro-real estate investment space.

The initiative brings together multiple property developers under a unified structure designed to provide investors with a more credible and professionally managed entry into agricultural land investments.

Speaking at the launch, Coordinator of the consortium and President of the Billionaire Realtors Group (BRG), Dr. Emmanuel Abikoye, said the platform was conceived in response to years of poorly structured agro-investment schemes that left many investors exposed to losses.

“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,” he said.

Agro-real estate combines land ownership with agricultural production, enabling investors to earn from farm yields while benefiting from land appreciation. However, the sector in Nigeria has been constrained by inadequate information, weak transparency and activities of unscrupulous operators.

Abikoye said the new platform operates as a structured agricultural asset, built around verified land allocation, standardized plantation development and production-based income.

Under the model, investors purchase demarcated plots of land, while the consortium manages cultivation and farming operations. Returns are generated from the sale of crops produced on individual plantations, while investors retain ownership of the land.

The consortium commencing with palm oil plantation comprises firms including Assetrise Limited, BRG, Gracias Global Homes and Property, Eystone Development, Zularich Properties, GHP Properties, Landvest, Prime Pinnacle, Urban Living and Auspicious Properties.

Chief Executive Officer of Assetrise and operational partner of the consortium, Oluwadurotimi Ojamamoye added that the collaboration would help reduce risks and deepen agriculture’s contribution to economic growth.

Also speaking, Chief Executive Officer of Gracias Homes and Property, Dr. Ololade Abuta stressed the need for government support to scale the initiative beyond individual investors.

On his part, Chairman of the Lagos chapter of the Real Estate Developers Association of Nigeria ( REDAN) Dr. Tony Kolawole described the initiative as a timely innovation that would boost food production and property investment.