Lagos State has expressed its interest in partnering with the private sector to increase the value of coconut value chain from the present N76 billion to N350 billion yearly.
The state government aims to boost coconut value chain development to have 10 million active and productive coconut trees for sustainable supply of raw materials to industries.
Lagos State Commissioner for Agriculture, Ms. Abisola Olusanya Olusanya, reiterated 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).
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.
