Lagos to earn N1.25 billion from agriculture in 2022: Commissioner

Monday, December 12, 2022

A composite of Abisola Olusanya and Sanwo-Olu used to illustrate story.

A composite of Abisola Olusanya and Sanwo-Olu used as an instance story.

Commissioner for Agriculture, Abisola Olusanya, says the Lagos agricultural sector generated over N1.2 billion as income in 2022 regardless of the worldwide meals challenges.

Ms Olusanya, who additionally stated the ministry surpassed its N1 billion generated in 2021, disclosed this on the 2022 Lagos Meals Pageant on Sunday.

“In 2021, we generated roughly slightly over N1 billion. This yr is harder, clearly, as a result of election course of and what have you ever. There was a glut within the system total, clearly as a result of challenges associated to the battle between Russia and Ukraine and numerous instability economy-wise,” said the commissioner.

Ms Olusanya added, “This truly impacted numerous our meals processors and producers right here. Usually, the financial system has not been pleasant to anyone this yr, however regardless, the ministry nonetheless did all it might, and not less than we hope to finish the yr on a N1.2 billion word.”

The commissioner famous that the agriculture ministry might generate billions of {dollars} in income if well-harnessed with new concepts, improvements and initiatives.

“For me, what I’m actually comfortable about in 2021 is making N1 billion for the very first time within the existence of the ministry since 1967. It isn’t a fluke that this ministry is certainly a billion-naira trade. It’s truly a billion-dollar trade,” Ms Olusanya defined. 

She identified that “we repeated it even below most strenuous circumstances, that means if every part is to be so good, we ought to be crossing over N5 billion in revenues yearly.”

However the commissioner hoped that in 2023, “we ought to be crossing the brink of N3 billion. However this yr, we’re positive of constructing N1.25 billion.”

In the meantime, Governor Babajide Sanwo-Olu joined different African cooks within the 2022 meals pageant to organize pepper soup to the delight of residents who thronged out en masse to have enjoyable on the park.

(NAN)

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