Sanwo-Olu Highlights ₦500bn Food Offtake Fund, Targets Affordable Food In Lagos

Lagos State Governor, Babajide Sanwo-Olu, says his administration is strengthening food production, processing and distribution through a ₦500 billion Offtake Guarantee Fund and other interventions aimed at improving food availability and affordability….

Lagos State Governor, Babajide Sanwo-Olu, says his administration is strengthening food production, processing and distribution through a ₦500 billion Offtake Guarantee Fund and other interventions aimed at improving food availability and affordability.

Sanwo-Olu said food security remained a major priority for his government, given its impact on household spending, business operations and the wider economy.

The governor disclosed this in a post on X after attending the Lagos Food Systems Nexus 2026, hosted by the state Ministry of Agriculture and Food Systems.

He said Lagos could not address food security through farming alone, stressing the need to strengthen the entire food value chain, including production, processing, storage, transportation, distribution and access to markets.

Sanwo-Olu highlighted several initiatives introduced by his administration to support local production and improve food distribution.

They include the Imota Rice Mill, fresh food hubs, the Ounje Eko food intervention programme, farmers’ support schemes and the Produce for Lagos initiative.

According to him, the programmes are designed to strengthen local agricultural production, improve supply chains and make food more accessible to residents.

The governor said the ₦500 billion Offtake Guarantee Fund would also create opportunities for farmers, traders, transporters and investors while connecting producers to the Lagos market.

He added that the state’s food policy was focused on delivering practical solutions that would improve living conditions and reduce the burden of food costs on households.

Sanwo-Olu said making food more available and affordable remained an important part of his administration’s development agenda.

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