A group of notable real estate firms in Nigeria has collaborated to establish AgriNova, a consortium aimed at providing structured, realistic, and information-based agro-real estate investment in Nigeria.

The intersection of agriculture and real estate is becoming one of the most strategic asset classes in emerging markets. It combines land ownership with agricultural production, offering a dual-income model that generates revenue from farming whilst the land appreciates. It is a sustainable, inflation-resistant investment providing passive income, often managed professionally by developers, allowing investors to buy land and profit from agricultural yields. In Nigeria, inadequate information, lack of transparency, and unscrupulous operators have limited the practice of Agro-Real estate.

“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,” said Dr. Emmanuel Abikoye, coordinator of the consortium, and the President of the Billionaire Realtors Group (BRG).

According to the BRG boss, AgriNova is a structured agricultural asset platform, harmonising multiple estate operators into a single execution framework designed around verified land allocation, standardised plantation development and production-based income.

The AgriNova consortium comprises several real estate companies, including Assetrise Limited, BRG (marketing partners), Gracias Global Homes and Property, Eystone Development, Zularich Properties, GHP Properties, Landvest, Prime Pinnacle, Urban Living, and Auspicious Properties.

“We have come together to pull up risks and see agriculture in Nigeria advance to a new level that will lead to GDP growth in the country and provide jobs for our youth. We are together as one voice to lead this new agricultural revolution,” said Oluwadurotimi Ojamamoye, CEO of Assetrise, the operational partner of the consortium.

In the AgriNova model, the developers sell demarcated plots of land to investors, managing the farming and making returns to the investors based on the yield of the land. Income is generated strictly from the sale of crops produced on individual plantations. The investor retains ownership of the land.

According to Ojamamoye, the consortium is starting with the cultivation of oil palm.
Dr. Ololade Abuta, CEO of Gracias Homes and Property, highlighted the importance of government support for the project:

“Agriculture is very important, the aim is to go beyond selling to individuals. It is to get recognised by the Federal government and deal with a lot of transactions beyond Nigeria, because we have the capacity.”

The Chairman, Lagos chapter of Real Estate Developers Association of Nigeria (REDAN), Dr. Tony Kolawole, lauded the initiative.

“This is an innovation that the world needs now. It combines both the benefits of property ownership and agriculture. We cannot live without food, as a nation is preserved through agriculture.”

He commended all the partners in the consortium and advised realtors to develop an interest in selling agro-real estate.