Leading Nigerian agribusiness enterprise, Green Eagles Agribusiness Solutions Limited, has launched The GreenWealth Project, an agricultural initiative aimed at ensuring food security, export prominence, economic diversification and sustainable wealth for all stakeholders.
The project is designed to enhance profitability for stakeholders across agricultural value chains, as well as facilitate easy and profitable entry for small-holders into agriculture.
Speaking at a press briefing in Lagos on Thursday, the Chief Executive Officer, Green Eagles Agribusiness Solutions Limited, Taiwo Oluwadahushola said “food security has become a more serious issue than ever, and as a nation, we must bridge the local deficit in the production of critical food and cash crops to avert a major food crisis”.
He said that the launch of the GreenWealth Project will help in creatively restructuring the nation’s agribusiness space in order to achieve the goal of shoring up the nation’s GDP through agriculture.
“In achieving this goal, we will facilitate the establishment of Integrated Farm Estates in 774 Local Government Area across the federation to drive a rapid increase in crops & livestock, which is produced round-the-year at significantly lower production costs, until we achieve equilibrium of demand and supply at consistently lower prices,” he added.
Also speaking at the event, the Managing Director, Adebola Adetayo said that “the GreenWealth Project will provide sustainable livelihoods for millions of rural dwellers and unemployed youths as well as sustainable returns for sponsors, while stirring up unprecedented economic prosperity in and around rural communities”.
She said that the first phase of the Project will be geared towards the goal of national food security while the second phase will facilitate the achievement of export prominence in crops where we have agro-ecological advantage.
“Our projections show we can assure an annual return 30% to sponsors, that is 15% every six months. At the end of each investment circle, a sponsor may request for a roll over or principal repayment” she added. Dr. Emmanuel Ijiwere, a Director of the company emphasized that it’s high time we took action and make agriculture a major source of livelihood at all levels while ensuring food security in Nigeria and Africa.