Oxford Green Farms launches AgroLyfe to optimise productivity
By Oghale Mafuru
As part of efforts to drive self-sustainability through economic diversification, Oxford Green Farms Group, a leading business conglomerate in Africa has launched an innovative platform to facilitate improved productivity in the agricultural sector of the nation’s economy.
Speaking during the official flag-off which was held in Lagos, Dr. Goodluck Olatunde Precious, the Chief Executive Officer (CEO), Oxford Green Farms Group, disclosed that the platform ‘Agolyfe’ leverages Real Estate in tackling a major challenge in the agro-allied industry which is access to arable lands. He stated that the novel initiative will also provide earning opportunities for subscribers through rentals on farmlands acquired.
According to him, the initiative which is poised to complement the efforts of the Federal Government in the area of self-sustainability in food production targets the entire agricultural value chain.
In his words: ” “AgroLyfe is that child delivered when you marry Agriculture with Real Estate – it is a product that leverages farming and real estate to generate stable and reliable rental income for customers through farmland acquisition. Think of it like this: Buy land, rent out to farmers for farming, and earn rental on these farms at short intervals. Smart, right? That is exactly what AgroLyfe is.
“Our mission is to cover the entire agriculture value chain – from farming to harvesting, processing, storage, transportation, and up to the end-users. In this case, this would also include exporting agro products” he added.
Speaking further, the CEO stated that farmlands can be purchased for as low as ₦100,000 to ₦2,000,000, with earn rentals every three months.
“We would give farmers we are onboarding access to grants and off-takers for their farming to boost capacity and output. We believe this would add up to a 20% boost to Nigeria’s overall food production capacity” he stated.
While noting that the company has flagged off with four farm locations, namely Ijaka in Aiyetoro, Ogun state, Itele in Ijebu, Ogun state, Imala Town, Oke-Ogun, and Ibadan, Oyo state with plans to add 20 more locations to this scheme within the next 30-60 days. He reaffirmed the company’s goals to acquire up to 4 million hectares of arable land across the 36 states of Nigeria and beyond while having more than 10,000 active farmers on the platform.
On his part, Mr. Yinka Phillips, Managing Director, AgroLyfe who stated that the platform seeks to encourage agricultural investment revealed that it is an elaborate value-chain of agriculture that optimises Real Estate to drive efficiency, productivity, and growth of agriculture in Nigeria.
He said “What we do at AgroLyfe is that we are bringing Real Estate to agriculture in real-time. We shall be setting up farmers’ clusters, that is, where we have the cooperatives. We will be bringing existing farmers into our database. It is an aggregation of active farmers. We will be building processes, structures, and plan to serve both local and international markets”.
The Oxford Green Farms Group since its inception in July 2020 at Ijaka Isale, Aiyetoro Ogun State, with a landmass of 100 hectares of Arable Farmland had engaged over Two Thousand Farmers, with a focus on large scale farming while employing best practices to drive efficiency and increased output.
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