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Lagos Announces N10 Billion Public-Private Partnership For Aquaculture Centre

Public-Private partnership

The Lagos State Government announced their plans to launch an N10 billion Public-Private Partnership (PPP) Aquaculture Centre of Excellence (LACE) in Igbonla, Epe.

Mr. Babajide Sanwo-Olu, the Lagos State Governor, made the announcement via his deputy, Dr. Obafemi Hamzat, on Tuesday during a public event. 

The scheme is expected to create development in the state’s aquaculture industry and produce 2,000 tonnes of fish annually in a centre that would be located on a 35-hectare land, said the Governor.

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Governor Sanwo-Olu also noted that the center of excellence will make sure they give support to the fish farmers through the Lagos Nucleus Farms scheme. Also, one of their major objectives is to serve as an off-take point for other aquaculture clusters around Lagos State. 

Production Centres

There are set out plans in place to launch two other food production centres in Epe and Bagadry, which will help the farming value chain

In addition, it is clear that this will aid in food security, it will also promote agro-tourism in the state through the Lagos State Songhai Project in Badagry and the Agricultural Training Institute, Araga, Epe. There is an urgent need to expand the state’s food production base to meet such a spontaneous increase in demand for food in the future, due to be Covid-19 pandemic.

“In line with this realization, and to ensure sustained food production and supply in the state, we are establishing Lagos Food Production Centres in Badagry and Epe. In addition, we are establishing the Lagos Aquaculture Centre of Excellence (LACE), N10 Billion project to be located on 35 hectares of land in Igbonla in Epe under a public\private partnership arrangement,” the Governor said.

What You Need To Know About Public-Private Partnership

A public–private partnership (PPP, 3P, or P3) is a cooperative arrangement between two or more public and private sectors, typically of a long-term nature.

In other words, it involves Governments and businesses that work together to complete a project and/or to provide services to the population.

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