BusinessLagos Agric Sector Contributes N7trn To Nigeria's GDP

Lagos Agric Sector Contributes N7trn To Nigeria’s GDP

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At least N7 trillion has been realized by the Lagos state government from agriculture in the last few years, the administration of Governor Babajide Sanwo-olu has said.

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The State Commissioner for Agriculture, Abisola Olusanya made this know while briefing journalists during the ongoing events to mark 0ne year in office of Governor Sanwo-Olu.

The commissioner made the revelation as Nigerians continue to applaud the state government for collaborating with other state government to increase agriculture production in the country.

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The administration in February signed an agreement with Kwara and Niger state governments on food security.

The collaboration tagged Produce-4-Lagos, is geared towards “supporting local Lagos farmers to boost food production, particularly in livestock, fisheries and horticulture,” the state government said.

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Speaking during the interaction with journalists, Olusanya said the state contributes over 40 percent of Nigeria’s agriculture Gross Domestic Product, GDP, totaling over N7 trillion in the last few years, out of the N40 trillion the country realized from the sector.

According to her, this has proved that the state is serious about food security and sustainability for the residents and other Nigerians, adding that agriculture is one of the key agenda of the Sanwo-olu’s government.

She stated that the state government has realised the potentials in the sector, that’s why it has invested in various agriculture food chain to address the problems of food scarcity.

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She remarked: “In Nigeria, agriculture contributes 25 per cent to the GDP and with Lagos generating over N40 trillion. But in Lagos, the sector encompasses a lot up to food production, supply, which agriculture contributes N7 trillion in the last couple of years to the economy.

“This is to tell you that we have the potentials, there is opportunity. We will not relent in terms of making it better. “We will continue to push in providing the best for our citizens.

“That is why Lagos will continue to advocate for food market organisation as one of the key solutions to addressing food scarcity and unwholesome practices in our food value chain in Nigeria.”

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