Lagos State Governor Babajide Sanwo-Olu, alongside Governors Dapo Abiodun (Ogun), Mohammed Bago (Niger), Ahmed Ododo (Kogi), and Agbu Kefas (Taraba), on Wednesday unveiled the ₦500 billion Produce-for-Lagos Off-Take Guarantee Fund at Lagos House, Alausa, Ikeja.
The initiative aims to scale up food production, cut imports, reduce post-harvest losses, create over 4 million jobs, and drive down food inflation by 25% annually.
Also present were:
– Deputy Governors Obafemi Hamzat and Olajide Owolabi
– Lagos Speaker Mudashiru Obasa
– Ministers Bosun Tijani, Wale Edun, Doris Anite
– Commissioner Abisola Olusanya
– Tony Elumelu and other industry leaders
– Traditional rulers, civil society, market and community leaders
Why it matters:
Lagos consumes over 50% of the food traded in the Southwest. With a projected population of 34 million by 2030, the city’s food demand is expected to reach ₦7.96 trillion annually. Without local intervention, Lagos may need to import ₦3.38 trillion worth of food yearly.
Olusanya noted the programme will empower value chain players nationwide and reduce post-harvest losses by 40%.
