The Year 2020 Coconut Day Celebration organised by the Lagos State Coconut Development Authority at Lagos Farm Centre, Agege.
The Lagos State Government has stated that it will soon establish a coconut processing factory in Badagry to further optimise the use of coconut and harness the economic potentials in the value chain.

The State Acting Commissioner for Agriculture, Ms. Abisola Olusanya, who disclosed this today at the Year 2020 Coconut Day Celebration organised by the Lagos State Coconut Development Authority at Lagos Farm Centre, Agege, said that the factory would be exclusively dedicated to the processing of coconut husk to coir and coco peat, among others, under a Public-Private Partnership arrangement in the State’s Y2021 Annual Work Plan and Budget.

She noted that these initiatives further reinforce the State’s position as the number one coconut producer in Nigeria, in addition to providing employment opportunities for the teeming citizens, stressing that the processing factory would also catalyse the entire industry, such that more people will come within the sub-sector and create additional business opportunities in the value chain.

The Acting Commissioner revealed that Lagos State is the largest coconut producing State in Nigeria, contributing over 70 percent to what the nation produced, saying “I believe Nigeria as a whole produces over 350,000 tonnes of coconut annually but it is far behind what the likes of Philippines, Malaysia and other Asian countries are producing on an annual basis”.

“It is believed that with all these efforts, Lagos State will continue to be the number one coconut producer in Nigeria. This will, to a great extent, provide jobs and employment for teeming citizens. The support will also lead to various job creation in other areas aside from the above mentioned and contribute to export and foreign exchange earnings for Nigeria”, she said.

While reiterating Governor Sanwo-Olu’s commitment to adopting a much more robust food security strategy for the State next year, the Acting Commissioner said the theme of this year’s celebration “Coconut in the 21st Century Economy” was aimed at creating awareness for the promotion of production, processing, utilisation and commercialisation of the coconut value chain.

She said that the occasion takes into cognisance the fact that Nigeria ranks l8 among over 92 coconut producing countries of the world, of which Lagos State contributes about 70 percent of national production of coconut and its products.

“This occasion, therefore, serves as another timely wake up to go back to the basics and rekindle the interests and values of coconut and its plethora of products for social, environmental, economic and wellness advantages as seen to be practised and enjoyed sustainably by coconut driven economies. Lagos has a comparative advantage for coconut production, processing, utilisation and commercialisation and as of today, remains the hub of Coconut in Nigeria and all coconuts traversing the West Coast of Africa”, she said.

Olusanya noted that implementation of many initiatives in the coconut sub-sector by the State Government is to further bring awareness of the potentials of coconut that have not been fully tapped.

She congratulated all the coconut value chain actors and assured them of government’s continuous support in providing an enabling environment to unleash potentials of the wonder crop to an enviable level.

In his presentation, Dr. Joshua Odewale of the Nigeria Institute for Oil Palm Research (NIFOR), Benin City, Edo State, urged the government to set up an endowment fund for coconut and coconut products, national consumption and export for about 20 years, noting that the Philippines set a 25-year endowment fund goal.

He expressed the need for government to take coconut as a personal crop, know the crop and identify the genuine stakeholders in the coconut industry as well as the secondary product needs of the industry.

https://lagosstate.gov.ng/blog/2020/09/02/lagos-to-establish-coconut-processing-factory-in-badagry/

Cool

Beautiful

Noble

What's with Nigerian governors and this coconut factories? Is there something they're not telling us about it because I don't understand how viable the business is

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Lagos is always on move.
Sanwo-Olu, please pay my money too

Those brown clothes am seeing, are they made of coconut too? Is the slippers wearable too or just for beautification? Because me I want to know how viable this investment will be.

Ok

gji3ec1:
What's with Nigerian governors and this coconut factories? Is there something they're not telling us about it because I don't understand how viable the business is

A lot of stuff can be derived from coconuts.

good one from lagos

Lol! Which One Is The Bigest Coconut Farm In Nigeiia Again? While Akwa Ibom Has Made The Bigest In Africa,
Akwa Ibom Farm Clame To Be The Bigest In Africa, While Lagos Are Talking About Making The Bigest In Nigeria. So Where Are We?

It is well


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It will be a good export commodity. Coconut has so many good uses.

.... Meanwhile

Nice one


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Economics of coconut farming
One hectare of land, that is about two and a half acres, will accommodate 200 trees of coconuts in low density plantations. In the high density plantations, about 280 to 300 trees are planted on one hectare of land, while 450-480 trees of coconuts are planted on one hectare in the ultra-high density plantations.

Conservatively, each tree would produce about 200 coconuts in a year, and the nuts would increase as the trees mature in age, bearing fruits for no fewer than 60 years.

At least each nut would be sold at the rate of N80(variably though). This will generate an annual income of between N2.4 million and N3.2 million annually.

Local man cannot can in this country again. Someone help me with the picture.

Where is them wan pick

There are so many coconut and coconut heads over there

Good

Hmm.... Co Co Nut... Kudos sha

Good?

You know when Lagos says they'll do something, they does it.

Let's just fold our arms and watch

Location for weed factory unkoh

No brainer

If not badagry where else? 80% trees in badagry are coconut trees.

Nice development.

Good one from Sanwo-olu.

God bless Lagos State.

God bless Nigeria.

Abeg shut up!!! Coconut is still gonna be expensive there.