Agbeyewa Farms Limited (a subsidiary of Cavista Holdings) has signed a multi-billion-naira Memorandum of Understanding (MOU) with the Ekiti State Government to cultivate cassava on a large scale in the state (with an initial target of 100,000 hectares) through an out-grower program.
The MOU was signed by Governor Abiodun Oyebanji of Ekiti State and the Chairman of Agbeyewa Farms, Niyi John Olajide on the sidelines of the 2024 US-Africa Business Summit currently ongoing in Dallas, USA.
Speaking at the ceremony, Governor Oyebanji expressed his joy and support for Agbeyewa’s expanded investment in Ekiti State, emphasizing the administration’s commitment to job creation and economic empowerment. He urged other investors to explore opportunities in Ekiti State, particularly in tourism, mining, and the burgeoning Ekiti Knowledge Zone and Special Agriculture Processing Zone.
“I want to thank Agbeyewa Farms and Cavista Holdings for keeping faith in our state, which has been demonstrated by their various significant investments. These investments are now success stories and I look forward to the successful implementation of this MOU to the benefit of Ekiti State and Nigeria”.
Also speaking, the Chairman of Agbeyewa Farms, Niyi John Olajide explained that in addition to producing more crops for sale, The Agbeyewa Cassava Revolution Project will ultimately reduce cases of post-harvest loss for farmers, which has been reported to be up to 50% in previous years.
“Through the Agbeyewa Cassava Revolution to be implemented across Ekiti state, we aim to boost employment, improve food security, and encourage sustainable farming methods. We are very proud of our partnership with the state and driven by my personal goal to create thousands of jobs in the state, we look forward to another successful partnership with the State government under the distinguished leadership of Governor Abiodun Oyebanji”. He said.
The Ekiti State government was represented at the signing ceremony by Governor Biodun Oyebanji, alongside top officials from his administration, such as the Speaker, Ekiti State House of Assembly, Rt. Hon Adeoye Aribasoye; Commissioner for Agriculture and Food Security, Mr. Ebenezer Boluwade; Commissioner for Industry, Trade and Investment, Mrs. Tayo Adeola; Commissioner for Finance, Mr. Akin Oyebode; and Commissioner for Budget, Planning and Performance Management, Mr. Niyi Adebayo.
On the Agbeyewa Team were the Company’s Founder and Chairman, Niyi John Olajide, Managing Director, Mr. Dele Odufuye, Chief Financial Officer, Mr. Niran Olajide, Mr. Cyril Akika and Dr. Mima Nedelcovych (Members of the Board of Directors), as well as other senior management staff of the company.
Also present at the signing ceremony were Chief Dele Kelvin Oye, President of the Nigeria Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), the Chairman, Odu’a Investment Company, Otunba Bimbo Ashiru as well as other key stakeholders from the public and private sectors.
The MOU marks a significant milestone in Cavista Holdings’ commitment to driving sustainable economic growth and fostering partnerships that benefit communities across Africa. As the company embarks on this cassava revolution, it reaffirms its dedication to creating lasting impact and advancing agricultural innovation in Ekiti State and beyond.
About Agbeyewa Farms
Driven by its vision to become the most successful Agro-allied company in Africa, Agbeyewa Farms Limited, a proud member of Cavista Holdings, is leading the charge in agro-allied innovation in Southwest Nigeria, with significant investments in Ekiti State.
Guided by our visionary founder and chairman, Niyi John Olajide (who is also the driving force behind Axxess, a leading home healthcare technology company in the US), Agbeyewa Farms is dedicated to creating world-class food and cash crops, as well as offer innovative solutions that connect farmers with markets, people with food, and communities with prosperity.
Its operations span the cultivation, aggregation, and sale of key crops – cassava, yam, and maize, with a broader outlook on other profitable crops such as vegetables, tomatoes, pepper, plantain, melon, etc. The company also provides equipment leasing, vehicle & farm equipment repairs, as well as commercial fumigation services to other businesses in South-west Nigeria.
As part of its commitment to the development and empowerment of the communities where it operates, the company has also invested significantly in various Corporate Social Responsibility initiatives in the areas of Education, Economic Empowerment, Environmental Sustainability, Health and Sports, and this is executed through the Agbeyewa Farms Community Development Foundation. AFCDF
About Cavista Holdings
Cavista Holdings Limited, established by visionary entrepreneur and investor, John Niyi Olajide, is a dynamic and rapidly expanding investment holding company with a global footprint across four continents.
With strategic investments spanning Nigeria, Botswana, the United States, the United Kingdom, Canada, India, the Philippines, and New Zealand, Cavista Holdings delivers innovative products and services that enrich the lives of millions worldwide.
Our diversified portfolio encompasses key sectors including Agriculture, Hospitality, Technology, and Financial Services, reflecting our commitment to driving sustainable growth and fostering prosperity.
Beyond financial metrics, Cavista Holdings is dedicated to community empowerment, environmental sustainability, and purposeful initiatives that generate lasting value and catalyze positive change in society.
For more information, please visit www.cavistaholdings.com or contact Uchenna Ibemere – uibemere@axxess.com
