trequity capital

TREQUITY CAPITAL ACQUIRES LANDS FOR BEE-KEEPING OPERATIONS

Febrary 2018:-

Trequity Capital Nigeria, a finance and asset growth company with key investment focus on technology companies, capital markets, and real estate and alternative investments has expanded its alternative investment portfolio through the acquisition of lands in the Epe area of Lagos in a bid to set up demonstration farms for the pilot phase of its bee-keeping operations. This move is also a consolidation of the company’s efforts at deepening its involvement in the agribusiness value chain which began with the exportation of beeswax to Burkina Faso in mid-2017.

On the final trip to complete the documentation exercise, the team from Trequity Capital (Nigeria) made up of Ms. Omotomiwa Osikomaiya and Mr. Edwin Aguddah paid a visit to the town’s Regent to sensitize the council and other members of the community on the efforts being made by the company towards creating sustainable employment solutions and bringing agricultural investment to the region.

Having successfully completed a number of commodity export transactions in 2017 with beeswax sourced from far northern Nigeria and neighboring African countries, it is the belief of Trequity Capital that setting up these pilot bee-keeping farms will ramp up efforts towards the achievement of the desired result of fully sourcing beeswax locally and at the same time, empowering the members of the community who will be opportune to manage their own farms as well, thus creating an off-take arrangement where the company is able to purchase from them at globally competitive rates.

TREQUITY CAPITAL LAUNCHES TCL AGRO-ALLIED CO-OPERATIVE SOCIETY

Officials of the Lagos State Ministry of Commerce, Industry and Co-operatives visited the headquarters of Triequity Capital (Nigeria) on Friday, March 2nd, 2018 to inaugurate the company’s co-operative society and umbrella body for all farmers and agro-allied entrepreneurs; and ratify the offices of the executive committee of TCL Agro-Allied Co-operative Society. 

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In his welcome address, the chairman of TCL Agro-Allied Co-operative Society, Mr. Basheer Tosin Ashafa, informed the assembly that the co-operative was set up to enable its members realize economic benefits that they could not otherwise achieve alone. “By pooling our financial and material resources, we will be able to develop new market opportunities, expand existing markets and empower agricultural entrepreneurs to improve their position in the marketplace.” 


Speaking further, he said “Of utmost importance to us is the economic empowerment will create for people through our demonstration farm clusters. Our pilot bee-keeping farm is set to commence in Orugbo, Epe. The reality of Nigeria’s dwindling oil-dependent economy necessitates the need for recourse to agriculture and other viable businesses not dependent on the petro-dollar. We have engaged great minds as consultants in the agricultural value chain in order for us to benefit massively as we kick off.” 

Officials from the Lagos State Ministry of Commerce, Industry and Co-operatives with the ratified excos and members of the legal team.

Officials from the Lagos State Ministry of Commerce, Industry and Co-operatives with the ratified excos and members of the legal team.

Other executives of TCL Agro-Allied Co-operative Society whose offices were ratified by the ministry include Mr. Edwin Aguddah (Secretary) and Mr. Wale Alabi (Treasurer). The head of the delegation from the ministry commended the co-operative’s officials for their efforts in complementing the government’s advocacy for a society where farmers and business people participate in the membership of co-operative societies to boost food production and enhance their revenue base. 


The brief ceremony had thirteen foundation members in attendance who were joined by representatives of the co-operative’s legal firm.