RESIDAR partners IJebu Market to tackle Nigeria’s food crisis
In a strategic move to address Nigeria’s food security challenges and promote agribusiness investment, Lagos-based real estate firm RESIDAR Limited has partnered with IJebu Market, an agronomy-focused company specializing in agricultural supply-chain solutions. This collaboration seeks to enhance food production, empower farmers, and create sustainable farming opportunities.
According to Abdullahi Attah, CEO of RESIDAR, the partnership underscores the need for innovative solutions in Nigeria’s agriculture sector. “This is about building a future where agriculture is both a reliable food source and a viable wealth-creation avenue. By working with IJebu Market, we’re ensuring farming is more accessible and impactful,” Attah stated.
The initiative will primarily focus on cassava cultivation, a staple food for millions of Nigerians. While RESIDAR provides access to farmland, IJebu Market will leverage its expertise in agronomy, deploying modern farming techniques to optimize yields and ensure sustainable production. Segun Ogunlana, CEO of IJebu Market, described the partnership as a catalyst for agricultural transformation. “With the right expertise and infrastructure, agriculture can unlock opportunities for farmers, investors, and national food security,” he said.
RESIDAR’s model offers a farmland investment opportunity, allowing individuals to own farmland while relying on expert farm management services. This approach aligns with the company’s vision of promoting agriculture as both an economic and social impact-driven venture. Attah further emphasized that beyond immediate gains, RESIDAR aims to position agriculture as a pillar for national development and economic sustainability.
Given that 91 million Nigerians face food insecurity, as reported by the Lagos Food Bank, such partnerships are crucial in bridging supply gaps and driving self-sufficiency. By merging real estate and agriculture, RESIDAR and IJebu Market are fostering a new era of agribusiness investment, ensuring long-term food security and wealth creation for Nigerians.
Source: Vanguard
Expert Review for Agri-Food Stakeholders
The RESIDAR-IJebu Market partnership presents a multifaceted opportunity for agribusiness stakeholders, from farmers to investors and policymakers. Here’s an expert analysis of its potential impact:
- Enhanced Agronomic Efficiency & Sustainable Farming
– By integrating modern agronomy techniques with real estate investment, this collaboration can boost cassava yield per hectare, ensuring more efficient land use.
– The partnership’s focus on sustainable practices will help improve soil health, reduce post-harvest losses, and enhance overall productivity. - Increased Agricultural Investment & Capital Inflow
– RESIDAR’s land ownership model creates an attractive entry point for investors without farming experience, increasing capital flow into agriculture.
– This could stimulate agri-financing models, encouraging more private-sector participation and reducing reliance on government interventions. - Food Security & Market Stability
– Targeting staple crops like cassava directly addresses food insecurity by stabilizing supply chains.
– By creating structured market linkages, the initiative can enhance price stability and reduce fluctuations affecting smallholder farmers. - Farmer Empowerment & Rural Development
– Small-scale farmers stand to benefit from knowledge transfer, improved access to inputs, and market-driven farming techniques.
– The job creation potential in farm management, logistics, and processing aligns with broader rural economic development goals. - Challenges & Considerations
– Land access and tenure security remain crucial—ensuring smallholder rights are not sidelined amid growing investor-driven models is essential.
– Market absorption capacity for cassava-based products must be assessed to prevent supply glut and ensure profitable returns.
– Scaling the initiative beyond Lagos will be key to maximizing national impact, requiring robust policy support and infrastructural backing.
The RESIDAR-IJebu Market collaboration represents a forward-thinking model where agriculture meets real estate investment, fostering both food security and economic prosperity. For stakeholders, the project offers a blueprint for sustainable agribusiness, emphasizing investment-driven farming, innovation, and value-chain optimization. However, ensuring long-term viability will depend on policy support, infrastructure development, and market-driven scalability.
