Agbeyewa Farms and Ikogosi Warm Springs Resort Reaffirm Commitment to Ekiti’s Economic Growth as Governor Oyebanji Begins Second Term.

Agbeyewa Farms and Ikogosi Warm Springs Resort Reaffirm Commitment to Ekiti’s Economic Growth as Governor Oyebanji Begins Second Term.

Agbeyewa Farms and Ikogosi Warm Springs Resort have congratulated Ekiti State Governor, His Excellency Biodun Abayomi Oyebanji, on his inauguration for a second term, reaffirming their commitment to job creation, agricultural development, tourism and economic growth in the state.

The two businesses are part of Cavista Holdings’ investment portfolio and represent its long-term commitment to developing commercially sustainable enterprises that create employment, support local businesses and contribute to Ekiti’s prosperity.

Agbeyewa Farms is building an integrated cassava value chain spanning cultivation, aggregation, processing and agro industrial development. Ikogosi Warm Springs Resort, managed by Glocient Hospitality, is investing in the development of one of Nigeria’s distinctive natural attractions as a destination for leisure, tourism, conferences and events.

Together, the businesses are contributing to economic activity across agriculture and hospitality, with opportunities to support farmers, suppliers, tourism operators and communities across Ekiti State.

Chairman of Cavista Holdings (parent company of Glocient and Agbeyewa), Niyi John Olajide, articulated this commitment in October 2022 during the inaugural lecture organised to usher in Governor Oyebanji’s first administration. In his keynote address, titled “Winning the Future! New Thinking to Power the Prosperity of Ekiti State.” Olajide called for greater private sector investment, stronger use of Ekiti’s human capital and an enabling environment for businesses to thrive.

He declared: “My mission in Ekiti State is to create jobs, more jobs and more jobs for the people.”

Four years later, that commitment continues to inform Cavista Holdings’ investments in the state through Agbeyewa Farms and Glocient Hospitality.

In Agbeyewa Farms we are developing an integrated cassava value chain to strengthen agricultural production, support processing and create commercial opportunities for farmers and other participants in the sector.

The investment is positioned to contribute to food security, industrial raw material supply, employment generation and the development of a stronger agro processing industry in Ekiti State.

In May 2024, the Ekiti State Government and Agbeyewa Farms signed a multi-billion naira Memorandum of Understanding for a proposed 100,000-hectare agricultural development programme over ten years. 

The agreement established a framework for collaboration to expand agricultural production, strengthen value chains and create employment opportunities. The programme reflects the potential of commercial agriculture to support rural livelihoods, develop local enterprise and contribute to the state’s long term economic ambitions.

Ikogosi Warm Springs Resort: Developing Ekiti’s Tourism Potential: Through Glocient Hospitality, Cavista Holdings is investing in Ikogosi Warm Springs Resort and Conference Centre as a leading destination for leisure, business events and tourism.

The resort’s unique natural springs, accommodation, conference facilities and recreational offerings attract visitors and create opportunities for hospitality professionals, local suppliers, transport operators, artisans and other businesses.

As tourism develops, the benefits can extend across the local economy through increased demand for goods and services, new employment opportunities and greater commercial activity around the destination.

Ikogosi Warm Springs Resort is therefore an important part of efforts to strengthen Ekiti’s tourism appeal and expand the contribution of hospitality to the state’s economy.

A Shared Commitment to Ekiti across its investments and operations, Cavista Holdings has employed more than 1,500 people, with a sizeable number living in Ekiti State. Its businesses continue to contribute to employment, skills development and economic participation through their activities in Ekiti and beyond.

As Governor Oyebanji begins his second term, Agbeyewa Farms and Ikogosi Warm Springs Resort (with the backing of Cavista Holdings) look forward to strengthening their engagement with the Ekiti State Government and contributing to further opportunities in agriculture, agro processing, hospitality and tourism.