Sanwo-Olu target $10b agric investment by 2025

Lagos State Governor Babajide Sanwo-Olu has anticipated investments worth $10 billion in the agriculture sector over the next five years, with the launch of the state’s five-year Agricultural and Food Systems Roadmap.

He stated that most of the investments would be private sector-driven, while the government would act as the catalyst and enabler.

The governor said the state could no longer afford to rely on other states for its food, adding that it was time for Lagos to unlock its agricultural potential through the implementation of the five-year roadmap.

Sanwo-Olu said the roadmap focused on three pillars- growth of the upstream sector, growth of the midstream and downstream sectors as well as improvement of the private sector participation.

He said the state would formulate policies that would encourage private sector investment in agriculture, while providing robust market information systems for Agricultural Value Chain actors for planning and the circumvention of risks and uncertainties.

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