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Home Business News

Lagos State backs new coconut project aims to create 200,000 jobs  

Rosalia Ozibo by Rosalia Ozibo
August 7, 2024
in Business News
Lagos State, Babajide Sanwo Olu
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The Lagos State Government has revealed that its new coconut project will create at least 200,000 job opportunities for the youth.

Governor Babajide Sanwo-Olu, represented by Mrs. Bimbola Salu-Hundeyin, the Secretary to the State Government, disclosed this during a courtesy visit by Mr. Dominique Koffy, the Country Representative of the Food and Agriculture Organisation (FAO) of the United Nations in Nigeria.

She highlighted that the collaboration between the state government and the FAO is to leverage the state’s abundant coconut resources for food production and employment creation.

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“The coconut project will provide nothing less than 200,000 job opportunities for our youth, which is a significant achievement for us,” she said 

Maximizing coconut’s potential 

Salu-Hundeyin emphasized the diverse uses of coconut, from food products like bread and garri to environmental benefits such as climate change mitigation

“We are blessed to have this tree that God has given us free of charge. We aim to improve on it to feed our people in Lagos State, employ our youth, and promote healthy and affordable food products,” she stated. 

The project aims to maximize the advantages of coconut, from its shell to its water and fruit, ensuring comprehensive utilization of the resource. This initiative aligns with the state’s vision to feed Lagos, Nigeria, and make Africa proud through innovative agricultural projects.

Salu-Hundeyin noted that the governor has made all necessary provisions, including counterpart funding, to kickstart the project, which is expected to benefit not only Lagos State but Nigeria and West Africa at large.

“Mr Governor has made all provisions, even our counterpart funding is ready. Everything to start this project is ready because we know that it is a project that the citizenry of Lagos State Nigeria as a whole, and West Africa will benefit from’’. 

Koffy expressed the FAO’s readiness to support the coconut value chain development in Lagos, which would foster employment and productivity.

He commended both the Federal and Lagos State Governments for their collaborative spirit and added that the FAO and Lagos State Government would also work on developing cattle feedlots to boost youth productivity and export opportunities.

What you should know 

  • The Federal Government is collaborating with the International Cotton Advisory Committee (ICAC) to revive the country’s cotton and textile industry.
  • The initiative aims to create over 1.4 million jobs annually in the cotton and textile sector and develop key components of the cotton value chain.
  • This value chain of the initiative includes farming, weaving, ginning, and linking of cotton.
  • Lagos State Governor Babajide Sanwo-Olu emphasized Lagos’s strategic position in the cotton value chain and its potential to support the revitalization efforts, maintaining its status as the largest fashion hub on the continent.

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Tags: Babajide Sanwo-OluCoconut project
Rosalia Ozibo

Rosalia Ozibo

Rosalia is a versatile journalist with a focus on technology and education. She has a talent for turning complex ideas into engaging stories, exploring how innovation and learning shape the future of people, business, and society. From tracking shifts in digital transformation and emerging tech to writing about developments in education policy and practice, her work bridges insight and accessibility. Known for sharp analysis and compelling storytelling, she continues to provide readers with perspectives that connect knowledge, opportunity, and the evolving world of work.

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