Kazfield Integrated Services Limited has launched Àdàbà Farm and Resort, a sprawling 202 hectare-coconut plantation in Owode, Ogun State, in a bold move to unlock coconut plantation potential and reshape the country’s agricultural landscape.
Kazfield is a trailblazing real estate and agribusiness firm that specialises in innovative, scalable solutions that drive agricultural productivity, economic inclusion, and environmental stewardship across West Africa.
This ambitious project directly tackles Nigeria’s embarrassing $9,495,210 annual spend on coconut imports, primarily sourced from neighbouring Ghana and the Ivory Coast, positioning the nation to capture a slice of the booming global market and deliver extraordinary long-term returns to investors.
Nigeria, currently ranked 19th among global coconut suppliers, lags far behind top producers Indonesia, the Philippines, India, and Brazil, which dominate with vast plantations and efficient supply chains.
Despite favourable tropical climates, domestic production falls short, forcing reliance on imports to meet rising demand for coconut products. Adaba Farm changes that narrative by leveraging sustainable, high-yield farming techniques to produce premium coconuts for export and local markets.
Kazeem Yekini, the company’s CEO, noted in a statement that the global coconut market is exploding, valued at $14.18 billion in 2025 and projected to surge to $33.71 billion by 2034, driven by a compound annual growth rate fueled by health-conscious consumers worldwide.
“Coconut water, a natural electrolyte powerhouse, serves as an ideal rehydration solution for athletes and everyday wellness enthusiasts, while virgin coconut oil and derivatives boost immunity, support heart health, and enhance skincare. This superfood trend, amplified by post-pandemic health awareness, underscores the untapped opportunity for Nigeria to leapfrog competitors and generate billions in forex earnings,” Yekini explained.
According to him, Àdàbà Farm and Resort integrates advanced agronomy, including drought-resistant hybrid varieties, precision irrigation, and organic pest management, to ensure bountiful harvests across its 500 acres.
“The project will create thousands of direct and indirect jobs in Ogun State, empower rural communities through training programmes, and stimulate ancillary industries like processing and logistics,” he added.
Yekini hopes that, by slashing import bills and boosting exports, the project aligns with Nigeria’s Economic Recovery and Growth Plan, enhancing food security, reducing trade deficits, and contributing significantly to GDP growth.
For investors, Àdàbà offers a groundbreaking farmland ownership model with guaranteed annual yields of N6 million to N12 million per acre for up to 50 years. Backed by insurance against climate risks and expert oversight, this inflation-hedged opportunity provides stable passive income in a volatile economy, far outpacing traditional investments.
“This initiative is more than a farm; it’s a catalyst for economic sovereignty,” Yekinni noted, adding, “by harnessing the coconut market’s explosive growth—from $14.18 billion today to $33.71 billion by 2034—Àdàbà Farm will position Nigeria as Africa’s coconut hub, fostering wealth creation and sustainable development for generations.”
