Shonga Farms Holding Limited was incorporated as a Special Purpose Vehicle to facilitate the Public Private Partnership in respect of the commercial farming project of Kwara State Government. 

Shonga farm as the project is popularly called is the brain child of the Executive Governor of Kwara State. His Excellency Dr. Bukola Saraki. He took the initiative in inviting a group of displaced farmers from Zimbabwe to assess the potential of developing commercial farming in Kwara State. This bold step was met with great enthusiasm by a number of Zimbabwean farmers and has since led to the development of the pilot scheme SHONGA FARMS involving thirteen (13) farmers who have now relocated and settled in Shonga, Kwara State. The farmers were each given 1000 hectares of land with a long lease of commercial farming purpose. 

The project was centered on 3 farming activities namely: 

The Dairy Farming

The Poultry Farming

The Mixed Farming 

However, in view of the huge capital outlay required to fund agricultural project of this magnitude. Shonga Farms Holding Nigeria Limited was incorporated to facilitate the provision of necessary funding for the capital expenditure and working capital requirement of the project.

Consequently 5 major banks in Nigeria agreed to fund the project through Debt and Equity financing options. 

The 5 banks are: 

1. Intercontinental Bank Plc

2. Guaranty Bank Plc

3. FinBank Plc

4. Platinum Habib Bank Plc

5. Unity Bank Plc 

The company was an independent entity of its own, separate from the State Government. The Board is chaired by Mr. Mahmoud Lai Alabi, while each of the participating banks has a nominee on the board. 

Business Office 

Charlet 2 Kwara Hotels

Ahmadu Bello Way

GRA

Ilorin