The oil palm industry in Nigeria is swiftly rising as a formidable player in the nation’s economy, and 2024 has proven to be a landmark year.

With major companies like Okomu Oil Palm Plc, Presco Plc, and Assetrise Limited surpassing ₦500 billion in revenue, the sector is experiencing unprecedented growth, driven by booming local demand, rising export value, and the versatile application of palm oil in food, cosmetics, pharmaceuticals, and sustainable energy.

This isn’t just another industry boom, it’s a clear signal that there’s a golden opportunity for those looking to enter one of Nigeria’s most lucrative markets.

Okomu Oil Palm Plc, for instance, reported a staggering 73.44% revenue increase in 2024, reaching ₦130.06 billion, largely driven by the strong local sales of crude palm oil and rubber, which together accounted for over 82% of the company’s total revenue.

Meanwhile, Presco Plc’s revenue more than doubled, soaring by 102.60% to N207.5 billion, up from N102.4 billion the previous year, highlighting the immense profitability within Nigeria’s oil palm sector.

While many sectors are contracting due to inflation and economic challenges, companies like Okomu and Presco have not only survived, they have thrived.

They have cultivated wealth and are now reaping the financial rewards of their investments in oil palm plantations.

This stands in sharp contrast to the struggles of the average Nigerian worker: Over half of the workforce earns less than ₦100,000 per month, and many don’t have sufficient retirement savings.

Moreover, in a world of volatile job markets, many find their careers at the mercy of economic downturns, layoffs, and company restructuring.

The growing oil palm industry, however, offers a different path—one of long-term, sustainable wealth through asset ownership.

For many oil palm plantation owners in Nigeria, annual earnings now range from ₦10 million to ₦100 million, depending on the scale and maturity of their farms.

This is a far cry from the paycheck-to-paycheck lifestyle many Nigerians face, and it’s a testament to the potential for long-term financial security in this rapidly expanding sector.

One company that is making the oil palm industry more accessible to the average investor is Assetrise Limited.

Over the past four years, Assetrise has refined a groundbreaking agro real estate model that merges prime real estate with the oil palm industry.

Through the Palmrich Estate initiative, Assetrise has created an innovative investment avenue that not only allows investors to own land in some of Nigeria’s most promising oil palm-growing regions but also gives them the chance to benefit from both land appreciation and the steady cash flow generated by palm oil.

The model has proven successful across multiple phases, with Palmrich Estate Phase 5 in Ibadan, Oyo State, delivering a 60.8% profit sharing to its investors.

This exceptional performance underscores the viability and profitability of the agro-real estate model, even in uncertain economic times.

With more land acquisitions and additional investors, Assetrise is scaling up its operations and expanding its footprint across Nigeria, positioning itself as a major player in the country’s agro-industrial future.

For those wondering how they too can participate in this burgeoning sector, the process is simpler than it might seem.

You don’t need to be an agricultural expert to understand the vast potential of the oil palm industry.

The key lies in owning a unit within one of Assetrise’s oil palm plantations located in Ibadan, Ado-Odo Ota, or Ewekoro, Nigeria.

These prime locations offer more than just short-term gains; they present a chance to grow both passive income and asset value through the appreciation of the land itself.

Once the oil palm trees mature, they can continue to produce and provide returns for more than 30 years, ensuring a lifetime income stream.

By investing in oil palm plantations, you’re not just acquiring land; you’re investing in an appreciating asset that can generate consistent revenue for decades.

Whether you choose to sell it in the future or pass it on to future generations, the opportunity to build long-term wealth in Nigeria’s booming oil palm industry is one that should not be overlooked.

Before making your next financial move, ask yourself: Are you investing in a sector that is built to last across generations?

Do your current investments provide the financial stability you need, especially as you approach retirement?

If there’s any doubt, now is the time to make a move with a proven and sustainable investment model that works.

As Assetrise Limited continues to prove, agro real estate is not only profitable, it is a model that stands the test of time.

The next wave of growth in the oil palm industry is already here, and those who act now stand to benefit the most.