Description
The Lagos State Government is offering investors the opportunity to get involved in a variety of activities relating to fish farming.
The state government wants to increase fish production by 30% and is actively promoting private sector involvement in upstream and downstream activities within the fishery sector. One of these initiatives is by establishing fish farm estates.
The fish farm estate initiative was conceived to promote fresh fish production through public private sector collaboration. The 250-plot, 34-hectare fish farm estate established in Ikorudu by the last administration was completed and fully subscribed with about half of the production ponds stocked. Catfish production from the estate in 2007 alone was estimated at 5 748 tonnes, which is about 60% of its potential.
Another 60ha estate has been surveyed and laid out in Araga. The 400-plot estate will be the largest of its kind in West Africa when fully developed. The goal is to achieve self-sufficiency in fish production for local consumption and ultimately for export.
Market
Lagos State has a population of close to 18 million people and is the largest market within Nigeria. Over 1 000 tonnes of fish are consumed daily in the state. Investors are therefore assured of an adequate market for fish. Opportunities for export also exist.
Investment potential in fish farm estates
Investors have the opportunity to partake in any of the following opportunities:
The state government is offering the following modes of investment:
Investors interested in any of the above opportunities should contact:
Lagos State Ministry of Agriculture and Cooperatives
Contact: Chief Enock K. Ajiboso - Hon. Commissioner
Email: ajibosobaajito@yahoo.com
