The Speaker of the Lagos State House of Assembly, Rt. Hon. (Dr) Mudashiru Obasa has commended the N500billion \u2018Produce for Lagos\u2019 Initiative, a state government-led collaboration with the private sector to tackle supply chain inefficiencies, enhance access to agricultural produce, and strengthen food security across Lagos.<\/p>\n
Implemented through Special Purpose Vehicles like the Lagos Food Systems Infrastructure Company (LAFSINCO), Lagos Bulk Trading Company, Eko Logistics, and Produce for Lagos Fund, the programme will provide credit support for food producers across the state, and working capital for bulk traders and logistic operators. This will ensure a stable food supply for Lagos and beyond, while boosting private sector investment in agriculture and food systems.<\/p>\n
Speaking with reporters on the sidelines of the launch held at the Lagos House, Alausa, on Wednesday, Speaker Obasa described the \u20a6500 billion Offtake Guarantee Fund as a transformative step toward making agriculture a cornerstone of Lagos\u2019 economic prosperity. He reaffirmed the House of Assembly\u2019s steadfast support for every initiative that will propel the state\u2019s economy to greater heights.<\/p>\n
In his words, \u201cThe Lagos State House of Assembly is fully committed to this vision, which will help to harness the infinite potential of our arable land and transform agriculture into the cornerstone of Lagos State\u2019s economic prosperity. We believe that agriculture has the potential to be a potent driver of food security, job creation, and economic diversification in our state.\u201d<\/p>\n
Over the years, the Speaker continued, \u201cThe House of Assembly has been very proactive in supporting agriculture through policies and legislation that promote investment, innovation, and inclusivity. And we know that the \u2018Produce for Lagos ‘ initiative being launched today will go further to address food insecurity and ensure long-term access to affordable, nutritious food across the state.\u201d<\/p>\n
Speaker Obasa further assured that the Assembly will expedite deliberations on the Food Hub Bill aimed at formalising market operations and reducing informal trading constraints.<\/p>\n
In his keynote address, Governor Babajide Sanwo-Olu described the launch of the initiative as \u201ca watershed moment in our shared commitment to achieving food security, inclusive prosperity, and sustainable growth not just for Lagos State but for Nigeria.\u201d He added that the program will provide guaranteed offtake contracts, financing access, and logistics support, connecting all and sundry directly with Lagos\u2019s dynamic food economy.<\/p>\n
On her part, the Commissioner for Agriculture and Food Systems, Ms Abisola Olusanya, said the initiative was designed as a large-scale off-taker programme that would focus on strengthening the state\u2019s food supply chain through interstate collaboration and strategic private sector investments. Olusanya said, \u201cThe \u2018Produce for Lagos\u2019 initiative represents our commitment to building resilient, sustainable food systems by leveraging interstate collaboration and private sector investment.\u201d<\/p>\n
The event had in attendance, among other preeminent Nigerians, the Governors of Kogi, Ogun, Niger, and Plateau States; Christopher Musa, Chief of Defence Staff (CDS); Michael Deleen, Consul General of the Kingdom of the Netherlands, and Tony Elumelu, the founder and chairman of UBA Plc, who donated N25billion to support the initiative.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Speaker of the Lagos State House of Assembly, Rt. Hon. (Dr) Mudashiru Obasa has commended the N500billion \u2018Produce for Lagos\u2019 Initiative, a state government-led collaboration with the private sector to tackle supply chain inefficiencies, enhance access to agricultural produce, and strengthen food security across Lagos. Implemented through Special Purpose Vehicles like the Lagos Food…<\/p>\n","protected":false},"author":21,"featured_media":11488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[],"class_list":["post-11487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-press-release"],"_links":{"self":[{"href":"https:\/\/lagoshouseofassembly.gov.ng\/home\/wp-json\/wp\/v2\/posts\/11487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lagoshouseofassembly.gov.ng\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lagoshouseofassembly.gov.ng\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lagoshouseofassembly.gov.ng\/home\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/lagoshouseofassembly.gov.ng\/home\/wp-json\/wp\/v2\/comments?post=11487"}],"version-history":[{"count":1,"href":"https:\/\/lagoshouseofassembly.gov.ng\/home\/wp-json\/wp\/v2\/posts\/11487\/revisions"}],"predecessor-version":[{"id":11489,"href":"https:\/\/lagoshouseofassembly.gov.ng\/home\/wp-json\/wp\/v2\/posts\/11487\/revisions\/11489"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lagoshouseofassembly.gov.ng\/home\/wp-json\/wp\/v2\/media\/11488"}],"wp:attachment":[{"href":"https:\/\/lagoshouseofassembly.gov.ng\/home\/wp-json\/wp\/v2\/media?parent=11487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lagoshouseofassembly.gov.ng\/home\/wp-json\/wp\/v2\/categories?post=11487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lagoshouseofassembly.gov.ng\/home\/wp-json\/wp\/v2\/tags?post=11487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}