Mr Akinwunmi Ambode, the Governor of Lagos state yesterday assured investors willing to invest in agric sector in the State of a ready market and returns on investment as residents spend N1.095 trillion annually, representing N3 billion daily on consumption of food items.
The governor, who spoke at the maiden edition of the Lagos Food Security and Exhibition Summit with the theme “Actualizing Sustainable Food Security in Lagos State: A New, Comprehensive Agenda’, said his administration remains committed in its efforts towards maximising its comparative advantage in the sector to achieve food security.
This, according to him, Nigeria had no business resorting to importation to feed its citizens, as there was no alternative to achieving food security other than tilling the land embrace best practices that would improve efficiency in the agricultural value chain.
Ambode said: “Our core policy thrust towards achieving food security is to maximize the comparative advantage of the State in agriculture and establish partnerships with other States of the Federation with comparative advantage in specific areas.”
Listing some areas of collaboration already activated, Governor Ambode said his administration has sealed a landmark partnership with Kebbi State Government for the development of agricultural commodities such as rice, wheat, groundnut, onion, maize and beef value chain, expressing optimism that the partnership would result in the supply of 70 per cent of the total national rice consumption.
“We have also acquired agricultural land in other neighbouring States of Ogun and Oyo as well as Abuja.