Reftop Agrofield Records Landmark Success with Palm Crest 1 Allocation To 168 Owners

The allocation of Palm Crest Phase I to subscribers by Reftop Agrofield Limited marks a significant step forward in promoting agriculture as a cornerstone of Nigeria’s economic growth.

The project, which spans 1,500 acres, attracted hundreds of investors and was fully subscribed within months, underscoring the rising demand for structured agro-investment opportunities.

Managing Director, Dr. David Assogba, highlighted that the success of the initiative reflects a shift in investor mindset toward agriculture as a sustainable and profitable sector.

He emphasized that oil palm holds immense economic value, with applications across food processing, manufacturing, and export markets.

He revealed that “Palm Crest Phase I, a 1,500-acre oil palm estate, attracted 700 clients after launching in March 2025 and sold out by August 2025, while Phase II expanded significantly to 3,700 acres, drawing 1,400 subscribers and selling out by February 2026.

According to him, “Together, both phases account for over 5,200 acres and 2,100 investors, making Palm Crest one of the fastest-growing agro-real estate initiatives in the country. But today 168 persons were allocated 300 acres at palm crest 1 out of the total land mass of 1500 acres. Total sales in Palm crest 1 is 1380 Acres.”

“By investing in oil palm, Nigerians are not only securing financial returns but also contributing to food security and industrial development,” he said.
He added that expanding such projects across the country could significantly reduce unemployment and improve livelihoods in rural communities.”

He stressed that the PalmCrest project sold by Reftop Homes Limited is managed by Reftop AgroField Limited, which is also a subsidiary of Reftop holdings.

Incorporated in 2025, Reftop Agrofield Limited focuses on agricultural investment, farm development, and agro-consulting services, with a strong emphasis on oil palm and sustainable farming.