Proven Financial Services Ltd. is embarking on an ambitious multi-faceted project aimed at revolutionizing Nigeria’s agricultural sector, addressing the nation’s housing deficit, and fostering entrepreneurial skills among the youth. The company’s strategic plan involves raising N600 million through a private placement in the capital market, further supplemented by land sales and director contributions, totaling nearly N1 billion. This substantial investment will fuel the development of a 300-acre integrated project in Yewa, Ogun State. The project will encompass crop and animal production, a sprawling housing estate, and the establishment of a specialized agricultural university. At the heart of this initiative lies a commitment to empowering 250,000 farmers nationwide through the provision of essential inputs, skills development programs, and access to modern agricultural practices.
Proven Financial Services’ agricultural vision extends beyond mere production. The company recognizes the critical need for skilled manpower and innovation within the sector. To address this, it is establishing the Agribusiness University, Yewa (AUY), slated to open its doors in early 2026. AUY represents a paradigm shift in agricultural education, focusing on practical, hands-on training rather than traditional theoretical approaches. The university will operate in conjunction with the Agribusiness University Farm City, a large-scale farming operation where students will gain real-world experience in agribusiness management, food processing, and other related fields. This immersive learning environment will not only equip students with the necessary skills but also enable them to generate income while pursuing their education, fostering a spirit of entrepreneurship from the outset.
The company’s commitment to national development is also reflected in its plan to construct a 60,000-unit housing estate, a direct response to Nigeria’s staggering housing deficit. According to the Federal Mortgage Bank, Nigeria faces a deficit of over 28 million housing units, a challenge that has far-reaching social and economic implications. Proven Financial Services’ housing initiative aligns with the government’s own efforts to address this critical issue. In 2023, the Federal Government announced plans to construct 100 housing units for low-income earners in each of the 774 local governments across the country, financed through voluntary contributions. This public-private synergy underscores the importance of collective action in tackling complex national challenges.
The Federal Government’s proposed housing initiative, as outlined by the Minister of Housing and Urban Development, Musa Dangiwa, aims to leverage the power of collective contributions to provide affordable housing for the low-income bracket. The plan involves encouraging voluntary donations of N5,000 monthly from at least 10% of the Nigerian population, projecting a total of N1.2 trillion over a year. This initiative underscores the government’s commitment to addressing the housing crisis and providing decent living conditions for all citizens. The “Renewed Hope Cities” and “Renewed Hope Estates” projects further demonstrate the government’s multi-pronged approach to housing development, catering to both urban and rural areas.
Proven Financial Services’ comprehensive approach, combining agricultural development, educational innovation, and real estate development, positions the company as a key player in Nigeria’s economic growth. The company’s leadership is driven by a desire to make agriculture attractive to young people, fostering self-employment and creating a new generation of agripreneurs. This vision aligns perfectly with the overarching goal of achieving food security and diversifying the Nigerian economy. By providing opportunities for youth engagement and skills development in agriculture, Proven Financial Services is contributing to long-term economic sustainability and social progress.
The leadership of Proven Financial Services Ltd. is deeply committed to making a tangible impact on the Nigerian economy. Group Managing Director Olufemi Ogbiyele emphasizes the importance of agriculture as the backbone of the nation’s economy and the need for skilled manpower and innovation to unlock its full potential. Chairman Dr. Kenneth Anadu echoes this sentiment, highlighting the importance of attracting youth to agriculture and fostering self-employment. Director Dr. Akinpelu Sogunle reinforces the company’s commitment to innovation and value creation across its diverse portfolio of projects. This shared vision, combined with a strategic and comprehensive approach, positions Proven Financial Services as a catalyst for positive change in Nigeria.
