Coconut Value Chain: Lagos Needs Partnership To Increase Value Chain To N350b

Lagos State needs partnership of private sectors to increase the value of coconut value chain from the current N76 billion to N350 billion annually.

This was revealed through the Lagos State Commissioner for Agriculture, Mrs. Abisola Olusanya as the next 5 years plan for the coconut sector.

She reiterated that one of the objectives of the Coconut Value Development is to achieve 10 million active and productive coconut trees for sustainable supply of raw materials to the coconut based industries.

While speaking at the commencement of 2021 edition of training of youths and women on arts and craft with the use of coconut shell, held at farm service centre, Oko-oba, Agege, during the week.

Olusanya said the training being put together for 1000 youths and women by the Lagos State Coconut Development Authority, LASCODA, is to produce more than 15,000 agri-preneurs by building their capacity and empower them not only to become economic independent but also employers of labour.

Represented by the General Manager, Lagos State Development Authority, Dapo Olakulehin, reiterated:

“This is one of many agricultural empowerment, training and skill development programmes lined up by the Ministry of Agriculture for year 2021 with the overall objectives of creating job opportunities for more than 15,000 youths and women before the end of the year.”

“In addition, serious and successful ones will be given the opportunity to be certified by the Entrepreneur Development Institute (EDI) of CBN for accessibility of credit facilities for expansion of their trade.

“Thus, one of the immediate outcomes of this training will be provision of sustainable sources of livelihood, income and employment generation to youths and women in the State.”

“This year, a 10,000 Metric Ton per Annum Coconut Husk Processing Factory is being proposed for Badagry under PPP arrangement. The factory when operational will generate 1,000 and more than 3,000 direct and indirect employment opportunities respectively.

“Discussion is also at an advanced stage with a private sector on creation of 10,000 jobs from the Eko Coconut Bread Initiative.”