Kazfield Integrated Services Limited has unveiled the Àdàbà Farm & Resort, a 202-hectare coconut plantation in Owode, Ogun State, aimed at boosting Nigeria’s coconut production and reducing import dependence.

The project is expected to create thousands of jobs, train local farmers, and promote sustainable agriculture through drought-resistant seedlings, precision irrigation, and organic pest control.

According to Kazfield, the initiative could generate ₦6 million to ₦12 million per acre annually for investors over a 50-year period, with yields supported by climate-risk insurance and expert management.

Nigeria, ranked 19th globally in coconut production, currently spends about US $9.5 million yearly on imports. Kazfield hopes the Àdàbà Farm will help close this gap while tapping into the global coconut market, projected to grow from US $14.18 billion in 2025 to US $33.71 billion by 2034.

Kazfield has called on investors and development partners to join the project, describing it as a step toward agricultural transformation and economic empowerment in the region.