An oil palm investment firm, Reftop Agrofield Limited has urged Nigerians to invest in oil palm.

The firm stressed that such participation would not only generate personal wealth but also strengthen the nation’s economy through job creation and reduced import dependence.
This was at the announcement of subscribers of Palm Crest Phase one who officially received their land allocations following the project’s successful sell-out.

The 1,500-acre initiative attracted over 700 investors within a short period, highlighting the growing appeal of agriculture as a reliable investment option in Nigeria.

Speaking at the allocation site, Managing Director Dr. David Assogba said: “By investing in oil palm, Nigerians are not only securing financial returns but also contributing to food security and industrial development.”

He added that expanding such projects across the country could significantly reduce unemployment and improve livelihoods in rural communities.

Assogba described the milestone as a strong signal that Nigerians are beginning to recognize the economic value of agriculture.
He noted that oil palm remains one of the most profitable crops due to its wide industrial applications and steady demand.

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

“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,” he said.

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,” he said with a strong emphasis on oil palm and sustainable farming.
Oil Palm producing countries lobby Nigeria for full membership
Subscribers of Palm Crest Phase I, an oil palm investment project by Reftop Agrofield Limited, have officially received their land allocations following the project’s successful sell-out.

The 1,500-acre initiative attracted over 700 investors within a short period, highlighting the growing appeal of agriculture as a reliable investment option in Nigeria.