OAU Integrated Farms limited (OAU I-Farms) was incorporated as a special purpose vehicle to set up an industrial agricultural park on the existing lands of Obafemi Awolowo University, Ile Ife, Osun State, Nigeria.
The project is designed to develop about 7,000 hectares agricultural land, belonging to Obafemi Awolowo University, Ile Ife, Osun State, Nigeria. The company has been set up, separate from the university administration, to ensure independence, sustainability, and continuity.
The Agricultural Initiative
The agricultural initiative is anchored on the integration of activities of the identified value chain components into a single unit around the project area.
It will be used for the production of crops (cassava, soya, maize, alfa-alfa, onions, etc), vegetables (tomatoes, sweet pepper, and cucumbers), Livestock (poultry, piggery, and cattle, dairy) and aquaculture (catfish and tilapia).
The initiative is aimed at raising alternative funding, outside the usual statutory allocations, to finance among other things.
- Infrastructural Development
- Research, Training and Teaching
- Human Resources Development and Staff Support
- Community Development
- Emergency Relief
“University authorities should be given a free hand to generate funds internally and spend that money within the system. University people are reasonable and understand the state of the nation’s economy. But to ask them to bear the brunt isn’t fair; having said that, we have to work hard to carry the workers along.
For instance, at Ife, we are trying to utilise what Ife has in terms of land mass. If it can be converted into large-scale farming, involving the workers through private-public partnership, and the money made can be pumped back into the system.
I believe with the internally generated revenues, the sky will be the limit. If we get it right at Ife it will serve as model for other universities“.
15th April, 2017