Adbond Harvest and Homes, an agro-to-home real estate firm, has emphasised the need to drive innovative growth to promote smart agriculture, food security and affordable housing in the real estate sector.
The company affirmed that the move is geared towards alleviating economic hardships occasioned by government policies that has strained Nigerians over the high cost of food amid rising inflation.
The Agro-Home player, while addressing journalists at the commemoration of its 8th anniversary on October 20, 2024 said, the federal government has recently announced the suspension of duties, tariffs, and taxes on the importation of food commodities to mitigate the impact of the high food prices, while stressing that, housing deficit is still a major challenge in the country.
It also stated that the minister of housing and urban development, Ahmed Dangjwa had disclosed that, an annual spend of N5.5 trillion would be required to build about 550,000 housing units annually over the next 10 years to solve the problem in the country.
Speaking at the event, Adbond’s founder and chief executive officer (CEO), Oluwagbemiga Adekoya said his company’s efforts would complement the initiatives of the authorities, thereby ‘promoting sustainability and national development.’
“We’re revolutionising the real estate and agricultural sectors with an innovative Agro-to-Home concept. Established eight years ago, Adbond has carved a niche by offering clients a unique opportunity to invest in agricultural land that will be transformed into residential properties, providing a dual benefit of food security and real estate equity,” Adekoya said.
Adekoya stressed that, “With over 1,000 acres of land sold to date, we have gained a strong reputation for trust, excellence, and transparency. The company’s agricultural projects, managed by expert ‘Agro Developers,’ are focused on maximising land productivity. Adbond’s commitment to sustainability and national development is evident in its efforts to promote sustainable farming practices, ensure food security, and provide affordable housing.”
The CEO said, the real estate firm has made significant investments in youth empowerment in a bid to curb unemployment in Nigeria’s most critical demographics, noting that, through its e-staff initiative, the company has enabled over 2,000 virtual staff from around the world to contribute to its operations.
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