Obasa Lauds N500bn ‘Produce For Lagos’ Initiative, Reaffirms Assembly’s Support
The Speaker of the Lagos State House of Assembly, Rt. (Hon) Mudashiru Obasa has lauded the N500billion ‘Produce for Lagos’ 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 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.
Speaking with journalists on the sidelines of the launch held in Alausa, Obasa described the ₦500 billion Offtake Guarantee Fund as a transformative step toward making agriculture a cornerstone of Lagos’ economic prosperity.
He reaffirmed the House of Assembly’s steadfast support for every initiative that will propel the State’s economy to greater heights.
In his words, “The 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’s 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.”
The Speaker continued, “Over the years, the House of Assembly has been very proactive in supporting agriculture through policies and legislation that promote investment, innovation, and inclusivity. We know that the ‘Produce 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.”
Obasa further assured that the House will expedite deliberations on the Food Hub Bill aimed at formalising market operations and reducing informal trading constraints.
