An oil palm investment firm, Reftop Agrofield Limited, has called on Nigerians to invest in oil palm, emphasizing that such participation would not only generate personal wealth but also bolster the nation's economy through job creation and reduced import dependence.
The announcement was made during the official allocation of land to subscribers of Palm Crest Phase One, following the project's successful sell-out. The 1,500-acre initiative attracted over 700 investors within a short period, underscoring the growing appeal of agriculture as a reliable investment option in Nigeria.
Managing Director's Remarks
Speaking at the allocation site, Managing Director Dr. David Assogba stated: “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.
Project Success and Expansion
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. 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 One out of the total land mass of 1,500 acres. Total sales in Palm Crest One is 1,380 Acres,” he said.
Company Background
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.
Subscribers of Palm Crest Phase One have officially received their land allocations, marking a significant milestone for the project and highlighting the potential of agricultural investments in Nigeria.
