Lagos, Nigeria — Aluko & Oyebode (the “Firm”) is pleased to have advised on the establishment of the debut N50,000,000,000 (Fifty Billion Naira) Commercial Paper Issuance Programme by ThriveAgric Limited (the “Issuer”) and the successful issuance of a N5,000,000,000 (Five Billion Naira) Series 1 (Tranches A & B) Commercial Paper under the Programme (the “Issuance”). The Issuance was oversubscribed, having attracted considerable institutional demand, enabling the Issuer to close at approximately N5,300,000,000 (Five Billion, Three Hundred Million Naira).

The Issuer is a technology-driven agricultural company that connects smallholder farmers with inputs, financing, technical support, and market access across an integrated value chain encompassing technology, trade, and farming operations, through its proprietary Agriculture Operating System. Proceeds from the Issuance will be utilised to finance working capital, commodity aggregation and procurement, inventory build-up, and core operating activities to support the Issuer’s continued growth and expansion.

This transaction underscores the Firm’s continued commitment to supporting innovative corporate entities driving food security, technology adoption, and infrastructure development across Africa.

The Firm’s transaction team was led by Partner, Ajibola Asolo, with support from Managing Associate, Michael Nwanneka, and Associates, Aminat Tijani, Adeiye Adetunji, and Imadenobiejeh Adejumo.

Members of the transaction team attended the signing ceremony held on 25 August 2026 in Lagos, Nigeria.

Photo L-R: Michael Nwanneka, Managing Associate, Aluko & Oyebode; Uka Eje, CEO, ThriveAgric Limited, and Ajibola Asolo, Partner, Aluko & Oyebode, at the signing ceremony of the Commercial Paper Issuance Programme.