Investors have the opportunity to get involved in the harvesting and processing of water hyacinth in Lagos State.
Water hyacinth, a free-floating perennial aquatic plant, is becoming a problem in lakes, ponds and waterways in many parts of the world. In Lagos State the plant is a nuisance to fishing and water transportation. The current administration is therefore looking for investors to harvest the plant and process it into usable goods.
Water hyacinth can be used to produce animal feed, fertiliser and biogas. Investment is needed in the areas of harvesting, processing and financing.
Reasons to invest in Lagos State:
Location: Lagos State is strategically located on the coast of Nigeria with a large seaport and international airport. It is well positioned for business with the entire West African region, as well as Europe and America.
Labour: Nigeria has a population of close to 150 million people; an abundance of skilled and unskilled labour is therefore available.
Political climate: Since the return to democracy in 1999 Nigeria's political climate has stabilised dramatically. Although the country still has a way to go there is a general consensus that civilian rule is here to stay.
Incentives: The Lagos State Government is offering a number of incentives to serious investors in the state. These include the provision of infrastructure and special tax holidays and deductions.
Contact Details: Investors interested in this opportunity should contact -
Lagos State Ministry of Agriculture and Cooperatives
Contact: Chief Enock K. Ajiboso - Hon.
Commissioner
Email: ajibosobaajito@yahoo.com
