Ekiti State House of Assembly Hails Cavista Holdings' Agbeyewa Farms for Agro-Allied Investments

Strategic Insights -

The Ekiti State House of Assembly has commended Agbeyewa Farms Ltd, a subsidiary of Cavista Holdings, for its large-scale cassava initiative and significant investments in the state's agricultural sector. The Assembly's Speaker, Rt Hon. Stephen Aribasoye, praised the farm's vision and commitment to making Ekiti a food basket of the nation. The farm, owned by Cavista Holdings, has expanded its operations from 102 hectares in 2022 to over 2,000 hectares, with plans to reach 100,000 hectares by 2032.

Key Takeaways:

  • Agbeyewa Farms Ltd, a subsidiary of Cavista Holdings, has been recognized by the Ekiti State House of Assembly for its significant investments in the state's agricultural sector.
  • The farm's cassava initiative aims to enhance productivity, strengthen food security, and eradicate hunger in Ekiti and Nigeria.
  • The Speaker of the Assembly, Rt Hon. Stephen Aribasoye, commended the Chairman of Cavista Holdings, John Olajide, and the Managing Director of Agbeyewa Farms, Seyi Aiyeleso, for their visions and passion to make Ekiti the food basket of the nation.
  • Agbeyewa Farms Ltd has created over 2,000 hectares of cassava farm, with plans to expand to 100,000 hectares by 2032.
  • The farm holds the record for the highest yield per hectare in Nigeria, producing 25 tons per hectare in 2024, with a target of hitting 40 tons per hectare in 2025 and 50-100 tons per hectare in the future.
  • Agbeyewa Farms has a mechanization capacity including 26 tractors, 8 bulldozers, and over 40 ploughing implements, planters, and other equipment.
  • The farm operates on 70% mechanical planting and 30% human capital to balance work and productivity.
  • Agbeyewa Farms has created Ingrown Scheme Programme plots for community farmers to lease land and buy products at premium prices.

Statistics:

  • The Ekiti State House of Assembly has commended Agbeyewa Farms Ltd for its significant investments in the state's agricultural sector.
  • The farm has expanded its operations from 102 hectares in 2022 to over 2,000 hectares.
  • Agbeyewa Farms has created over 2,000 hectares of cassava farm.
  • The farm produces 25 tons per hectare, with a target of hitting 40 tons per hectare in 2025 and 50-100 tons per hectare in the future.
  • The farm has a mechanization capacity including 26 tractors, 8 bulldozers, and over 40 ploughing implements, planters, and other equipment.

Sources:

  • The Ekiti State House of Assembly
  • Agbeyewa Farms Ltd
  • Cavista Holdings
  • Ekiti State Government
  • National agricultural data on cassava production
  • John Olajide, Chairman of Cavista Holdings
  • Seyi Aiyeleso, Managing Director of Agbeyewa Farms