Xymbolic Development Ltd., a leader in real estate and agro-based developments, has announced the launch of Palm City, a transformative oil palm estate designed to foster long-term wealth creation and boost Nigeria’s agricultural industry. The project, under the guidance of CEO Olisa Umerah, brings a new investment model to the market, offering individuals the opportunity to own land within a managed 2,000-acre oil palm estate where Xymbolic will oversee all cultivation and estate management.
With Palm City, Xymbolic is introducing a unique investment opportunity that allows investors to earn passive income through annual revenue generated from palm oil production. This
approach removes the operational barriers of traditional farming investments, providing a simple and a sustainable path to income generation. The estate will also feature a high-capacity
processing plant, enabling Palm City to produce high-quality palm oil and palm kernel oil for
distribution both locally and internationally, positioning the estate as a major player in the global agricultural economy.
Olisa Umerah, CEO of Xymbolic Development Ltd., expressed the company’s dedication to
creating projects that go beyond mere investment opportunities to offer practical solutions for
sustainable growth. “Our mission with Palm City aligns with our commitment to reshaping the
real estate experience for investors,” Olisa stated.
“This project is designed to offer more than a valuable asset; it is a wealth-building tool that provides steady returns while empowering local communities and strengthening Nigeria’s agricultural sector.” Olisa emphasized that PalmCity is intended to be an accessible pathway to generational wealth, allowing families to benefit from a reliable income source for years to come.
The launch of Palm City comes on the heels of Xymbolic’s successful agro-tourism project,
Hacienda, which has become a celebrated destination for sustainable tourism and agricultural
education. Hacienda allowed visitors to immerse themselves in eco-friendly farming practices, a
model that attracted widespread interest and demonstrated the viability of sustainable
agriculture in Nigeria. Building on Hacienda’s achievements, Palm City aims to expand these
benefits by adding a wealth-generating component for investors and creating a positive
economic impact for surrounding communities.
Xymbolic’s goal is to plant over one million trees over the next decade, establishing an estate that not only delivers returns to its investors but also supports Nigeria’s environmental goals. The oil palm estate will serve as a substantial contributor to Nigeria’s economy by creating jobs, boosting local infrastructure, and producing high-demand products like palm oil and palm kernel oil. Through the estate’s high-capacity processing plant, Palm City will meet the standards needed to export to international markets, adding a revenue stream that extends beyond domestic sales.
To encourage broader participation in the project, Xymbolic Development Ltd. has allocated 4,000 plots in the initial phase, each dedicated to oil palm cultivation. These plots are available
for investors seeking a reliable income source through agricultural land ownership. As the estate
grows, Xymbolic will provide investors with options to expand their holdings, offering additional
opportunities to benefit from the estate’s maturing infrastructure and production capabilities.
The Palm City project not only contributes to individual wealth but also aligns with Nigeria’s economic development objectives. Xymbolic Development Ltd. is setting a new standard in sustainable investment, with potential for meaningful, long-lasting impact by promoting the responsible use of land for agriculture.
