•Targets ending $9.5m import dependency
In a bold move to reshape the country’s agricultural landscape, Kazfield Integrated Services Ltd has launched Adaba Farm and Resort, a sprawling 202 hectare-coconut plantation in Owode, Ogun State.
The farm project is designed to tackle Nigeria’s $9,495,210 yearly spend on coconut imports, primarily sourced from neighbouring Ghana and Cote d’Ivoire.
Speaking on the development, the Chief Executive Officer of Kazfield Integrated Services Ltd,Dr. Kazeem Yekinni, said it would position the nation to capture a share of the booming global coconut market and deliver extraordinary long-term returns to investors.
He noted Nigeria, which currently ranked 19th among global coconut suppliers, lags far behind top producers like Indonesia, the Philippines, India, and Brazil- which dominate vast plantations with efficient supply chains.
According to Yekinni, Adaba Farm offers investors a groundbreaking farmland ownership model with guaranteed yearly yields of N6m to N12m per acre for up to 50 years backed by insurance against climate risks and expert oversight.
He added that the global coconut market is exploding, valued at $14.18b in 2025 and projected to surge to $33.71b by 2034. This, he noted, is driven by a compound yearly growth rate, fuelled by health-conscious consumers worldwide.
Highlighting the benefits of coconut water, Yekinni said the water is a natural electrolyte powerhouse, an ideal rehydration solution for athletes and everyday wellness enthusiasts, while the virgin coconut oil and derivatives boost immunity, support heart health, and enhance skincare.
“Adaba Farm and Resort integrates advanced agronomy, including drought-resistant hybrid varieties, precision irrigation, and organic pest management, to ensure bountiful harvests across the acres.
“The project will create thousands of direct and indirect jobs in Ogun State, empower rural communities through training programmes, and stimulate ancillary industries like processing and logistics.
“By slashing import bills and boosting exports, it aligns with Nigeria’s Economic Recovery and Growth Plan, enhancing food security, reducing trade deficits, and contributing significantly to GDP growth. This initiative is more than a farm; it’s a catalyst for economic sovereignty. It will foster coconut market’s growth from $14.18b today to $33.71b by 2034. Adaba Farm will position Nigeria as Africa’s coconut hub, fostering wealth creation and sustainable development for generations,” he stated.
Visionary investors, institutions, and partners are urged to join this transformative venture, with assurance that early participants will benefit from priority allocations and tailored financing options.
