Lagos State is seeking private sector support to increase coconut value chain

Lagos State is seeking private sector support to increase the value of coconut value chain from the present N76 billion to N350 billion yearly (€160 mln to €735 mln). One of the objectives of the coconut value chain development plan is to have ten million active and productive coconut trees for sustainable supply of raw materials to industries.

According to Lagos State Commissioner for Agriculture, Abisola Olusanya Olusanya, the state was determined to advance the dream of a competitive  industry  to meet rising demand for coconut and its derivatives. She spoke at a  forum organised by the Lagos Ministry Agriculture in collaboration with Lagos State Coconut Development Authority (LASCODA). Its theme was “Addressing the Bottlenecks in the coconut value chain to ensure sustainable development in a 21st Century economy.”

According to thenationonlineng.net, she noted that the tremendous demand for coconuts and its by-products, such as coconut water and coconut oil is a clear opportunity for the state. To achieve this, she said the government was seeking to collaborate with private growers to boost the supply of coconuts for the industry.


Photo source: Dreamstime.com


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