The partnership is expected to bridge the gap in rice production in Nigeria, create different financial instruments that will boost economic activities in the Lagos Rice Mill, Imota through LCFE, generate employment opportunities, and boost government revenue.
The Special Adviser to Lagos State Governor on Rice, Dr. Olurotimi Fashola, and the Permanent Secretary, Ministry of Agriculture, Mrs. Olatokunbo Emokpae, signed the agreement on behalf of Governor Babajide Sanwo-Olu. LCFE was represented by its Managing Director, Mr. Akin Akeredolu-Ale, the Company Secretary, Mrs. Fatima Lawal while Mr. Adeyemi Oba, who signed on behalf of LCFE’s subsidiary, Commodities Tradenet Limited,
Fashola explained that the Lagos State Partnership with LCFE was a win-win, saying: ” This is the first time any subnational will do this. We are happy about this partnership. According to him, it is a form of sustaining the initiative of ensuring massive production of rice in Lagos State and for the benefit of the entire country.
