Pennyshelters Africa has introduced a new investment model that combines residential land ownership with commercial agriculture, marking a shift in how land investments are structured in Nigeria.
The initiative, known as PalmGrove Estate (Palm Plantation), is scheduled for official launch on July 18, 2026, at Odogwa in Etche Local Government Area of Rivers State. The project combines residential land investment with commercial oil palm cultivation, allowing investors to own titled plots while agricultural operations are managed by the company’s agribusiness subsidiary, PennyFarm360.
The model comes at a time when many investors are looking beyond conventional land banking and seeking investments that can provide income while land values increase over time.
Speaking on the initiative, Founder and Group Chief Executive Officer of Pennyshelters Africa, Gloria Michael, said the company designed the project to respond to changing investor expectations.
According to her, the goal is to transform land from a passive asset into one that delivers economic value while preserving its potential for long-term appreciation.
