Lagos to encourage large scale coconut farming
Uploaded by Michael George on October 30, 2019
Lagos State Government has stated his administration’s support for investors in the coconut value chain.
Governor Babajide Sonwolu who gave the assurance at the maiden edition of the International Coconut Summit in Lagos assured prospective investors of net breaking return on their investments.
The Governor who was Sanwolu who was represented by the State Commissioner for Agriculture, Prince Gbolahan Lawal, said the Government was ready to provide the enabling environment necessary to fully harness the potential in the coconut value chain in the State.
He added that the government would encourage the commercialization of coconut for both local and export markets through seed nuts and seedling production, the establishment of plantations, seed gardens for certified nuts, as well as arts and crafts production.
Others are coconut oil production, coconut flour and flakes production and copra production among others uses.
He stated that Nigeria produced 283,774 metric tons of Coconut in 2016, which increased to 288,615 metric tons in 2018 noting that Lagos State is the largest producer accounting for 70 percent of the coconut production in Nigeria.
“With the concerted efforts of Lagos State Government and other stakeholders in the Coconut Value Chain, the yield is expected to increase to more than 400,000 metric tonnes within the next three years,” he stated.
Mr. Sanwo-Olu said that Lagos State has about 2 million trees with an annual production of 200m husked nuts worth about N10b and has the potential to produce up to 10m trees with an annual production of 1 billion husked nuts worth about N50b.
According to him, Lagos State is the hub of Coconut Value Chain, in the West Coast of Africa.
He said with the uncertainties of the dwindling global oil prices around $63 a barrel this year, there was a compelling need for economic diversification, greater emphasis on agriculture in general and Coconut Value Chain in particular in the State.
“Coconut is one of the greatest gifts of nature to man because it exhibits a wide range of products, perhaps the most useful tree in the world. It grows naturally along coastal terrain and cultivated in about 92 countries of the world such as India, Indonesia, Philippines, Sri-Lanka and Nigeria among others” he added.