Lagos State Government has called for private sector investment and collaboration in its agriculture sector particularly in the red meat value chain, artisanal fisheries and livestock feed mills.
“We are the largest market Sub-Saharan Africa has. With over 22 million in terms of population, we consume food well worth over N5 trillion annually and over N8 billion on a monthly basis. When you consider this pool of transaction happening in Lagos, it shows that we are the market. She stated that in the red meat sector, the State consumes over 6,000 herds of cattle daily and over 1.8 million herds of cattle annually which is 50 per cent of the red meat consumed in Nigeria as a whole adding that there exists a lot of opportunities to be tapped into in the red meat sector.
The commissioner described the transactional value for cattle alone in Lagos to be worth over N328 billion adding that when the red meat transformation agenda comes fully into play, it would help the state government eliminate logistics costs of transporting cattle.