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Lagos to Attract $15 Billion Investment In Agriculture

Bracing up with the reality of agricultural business, the Lagos State Ministry of Agriculture is set to hold the maiden edition of the state Agrofood Global Investment Summit billed to hold between April 26 and 27, 2016.

The summit is scheduled to hold at the Johnson Agiri Agricultural complex, New Oko Oba , Agege, the summit is channelled at creating over five million jobs through a massive direct foreign investment of $15 billion, an approximately N3 trillion to Lagos State Aggro sector.

The investment, according to a released signed by Mr Pius Fadaka, Media Director, FOA Consultants, a coordinating partner of the summit, will attract over 35 foreign investors from Asia, Europe and Americas.

“In a statement by the state Ministry of Agriculture to FOA Consultant, coordinator to the investment summit, the ministry has identified 23 key Agriculture value chains for investment in Lagos State,” the release stated.

The two-day Agro Food Global Investment summit, also seek to provide all Agro inclined financial institutions, multinationals, conglomerates, investment agencies, global funding partners and the local governments a fruitful integration of the public-private sector agencies, the opportunity to interact intensively with heterogeneous players in the Agrofood industry toward boosting the desired investment growth in Lagos state Agrofood sector.

“The summit will also avail the state the avenue to showcase it rich potentialities in terms of aqua base resources, agro based manufacturing, productions and allied industries among others.” The release added.

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