In a visionary move towards addressing the critical issue of food insecurity in Nigeria, Eko Yams‘ mother company Assetrise Limited recently inked a pivotal partnership with the International Institute of Tropical Agriculture (IITA), headquartered in Ibadan, Oyo State. This collaboration marks a significant step in the company’s commitment to not only redefine Real Estate but also contribute meaningfully to the nation’s agricultural landscape.
Since its inception in 1967, IITA has consistently taken the lead in collaborating with both international and national partners to improve livelihoods, foster food and nutrition security, amplify employment opportunities, and conserve natural resources. Utilizing sophisticated genetic engineering and selective breeding techniques IITA develops a wide range of staple crop varieties for different situations and purposes. Notably, these improved crops can have more farmer-preferred traits, and greater adaptability to changing climatic, biological, or physical conditions. This partnership seamlessly supports Assetrise‘s commitment to food security by providing access to the right seedlings, that enhance the efficiency and profitability of agricultural produce.
Assetrise Limited has rolled out the Land Rental Income (LRI) Scheme, another testament to her commitment to combatting food insecurity in the Nation. The LRI model advocates for the instrumentalization and commercialization of agriculture as a viable solution to the challenge of food insecurity. As global food insecurity continues escalating, ensuring our basic needs’ stability becomes a pressing priority. The growing number of individuals facing hunger necessitates a re-evaluation of our approach to food security. Traditional methods like food importation and distribution have proven insufficient in light of economic uncertainties. Therefore, it is crucial to explore innovative solutions, including boosting indigenous food production.
The Land Rental Income initiative allows individuals to contribute to addressing food scarcity and inflation by leasing their land for food cultivation while awaiting future development. Participants also have the chance to earn rental income on the lands during this waiting period. This project is located at Palm Fortune City Phase 2 in Ado-Odo/Ota, a Smart Agro-Economy and residential city in Ogun State, this project offers a unique blend of Real Estate and Agriculture.
Why Partner with IITA?
- Seedling Expertise: IITA‘s unparalleled expertise in developing superior seedlings ensures that Assetrise‘s agricultural ventures benefit from advanced genetic traits. This, in turn, leads to higher crop yields and increased adaptability to ever-changing environmental conditions.
- Sustainable Practices: IITA‘s commitment to sustainable agriculture aligns seamlessly with Assetrise‘s vision for environmentally conscious and responsible farming. This collaboration promotes the adoption of eco-friendly farming practices and the incorporation of agro-ecological principles.
- Biotechnology and Genetic Improvement: Incorporating IITA‘s advancements in biotechnology and genetic improvement ensures consistent crop yields, development of crops with desirable traits, increased resilience to pests and diseases, and overall improvements in agricultural practices such as the Eko Yams project, also fostering profitability for investors.
- Tech Mechanized Farming: The basic problems of the Agricultural sector are planting the right seedlings and also the storage facilities. If these two are catered for, agriculture is far more profitable than you think. That is why Assetrise partnership with IITA reinforces insight into tech mechanized ways of farming and technology that have been developed to promote healthy seedlings and healthy food production that will increase the volume of produce from the farm and support investors to make more profit from their investment in agriculture.
The Impact on Major Projects: Assetrise‘s major projects, such as the Cassava Plantation, the Palmrich Estate Project, focused on oil palm tree farming, and the Eko Yams Project, facilitate the cultivation of millions of yam tubers in Lagos, contributing significantly to indigenous food production, all stand to benefit significantly from this collaboration. The infusion of IITA‘s expertise enhances the viability and success of these initiatives by planting good varieties of seedlings.
The collaboration between Assetrise and IITA is a call to action for every Nigerian to invest in agriculture. By fostering a culture of agricultural investment such as the Eko Yams farming project, individuals can contribute collectively to ending food insecurity in Nigeria and also secure a sustainable and prosperous future for themselves and the Nation. As Assetrise Limited cements its commitment to agriculture through this strategic partnership, the trajectory of the nation’s food security landscape takes a promising turn. This is not just a partnership; it’s a transformative journey towards a more food-secure future for Nigeria.