The Governor of Lagos State, Babajide Sanwo-Olu, announced on his official Twitter page that 2,620 jobs have been created since the beginning of the Lagos Rice Value Chain. This was after the Lagos Commodities and Futures Exchange event was held.
He expressed that he is delighted to announce the launch of "Five Billion Series 1 of the 30 Billion Eko Rice Contracts Programme on the Lagos Commodities and Futures Exchange."
He further stated that investing in Agriculture is a critical move that guarantees food security for 80% of the families in Lagos State.
He said doing that empowers local farmers and fosters the growth of the Nigerian economy.
Sanwo-Olu further said, "Today's bell-ringing ceremony on Lagos Commodities and Futures Exchange is a historic moment. We're offering exciting investment opportunities in Lagos's agricultural sector, highlighting these investment opportunities and projecting the role of the Capital Market in driving development in Lagos' commodities ecosystem. Let's seize the potential!"
He concluded by saying, "Through our agreement with Lagos Commodities and Futures Exchange, we'll ensure a sustainable supply of paddy to the rice mill. Every three months, 15,000 metric tonnes of paddy will be milled and sold to the public through subscribers. This collaboration strengthens the rice value chain and boosts confidence in the market."
