Governor of Lagos State, Mr Babajide Sanwo-Olu today launched the Produce for Lagos Programme and the ₦500billion Offtake Guarantee Fund, an initiative of the State Government aimed at boosting food security, reducing imports, and enhancing agricultural productivity across Nigeria.
The N500 billion Produce-For-Lagos Fund
Governor of Lagos State, Mr @jidesanwoolu today launched the Produce for Lagos Programme and the ₦500billion Offtake Guarantee Fund, an initiative of the State Government aimed at boosting food security, reducing imports, and enhancing agricultural productivity across Nigeria.
This initiative will be implemented through the Lagos Food Systems Infrastructure Company (LAFSINCO) and supported by key Special Purpose Vehicles like the Lagos Bulk Trading Company, Ekolog (Eko Logistics), and the Produce for Lagos Fund.
This ₦500 Billion Offtake Guarantee Fund will provide working capital for bulk traders, finance for logistics operators, liquidity for aggregators, and credit support for food producers across Nigeria.
This fund is not a subsidy; it is an investment vehicle that will catalyse private capital, stabilise food prices, and de-risk agricultural operations across the value chain.
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