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Over 15m people to benefit, as LASG kicks off food security systems & logistics hub

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By Moses Adeniyi

An estimated number of over 15 million people have been projected to

benefit variously from a Food Security Systems and Logistics Hub Which the Lagos State Government (LASG) has flagged off.

It was gathered on an average that over five million people would gain access to wealth, while over 10million will gain accessibility to available foods through the Hub which is sited at Ketu-Ereyan, Epe Lagos.

As gathered, the Lagos State Food Security Systems & Central Logistics Hub will be built on 1.2 million square metres of land, having such components as Aggregation/storage facilities; Administrative offices; Trading/Brokering facilities; Packaging facilities; Processing facilities; Cold chain/dry goods services.

Others are Logistics Services/Trailer park; Water treatment plant; Health centre;               Fuel station/Fire station; Abattoir and Lairage.

According to official information, the project will be implemented in two phases – the pilot phase, which has kicked off and the main phase.

The development of the Hub, it was gathered, will be done through a collaboration between the Lagos State Government and the private sector, through a “Design-Build-Finance-Operate-and-Transfer model.”

At the ceremonial flag-off of the construction of what will be the largest Food Logistics Park in Africa tagged “the Lagos State Central Food Security Systems & Logistics Hub” at Ketu-Ereyan, Epe Lagos, the State Governor, Mr. Babajide Sanwo-Olu, said the project is a proof of his Administration’s “commitment to addressing the challenges of stakeholders in the Agri-space and giving hope to the people through improved quality of life.”

According to Governor Sanwo-Olu, upon completion, the hub will create wealth “for more than 5 million people, feed more than 10 million Lagosians, guarantee food supplies for at least 90 days, provide storage facilities for more than 1,500 trucks per day, service the needs of thousands of operators per annum, and process large commercial transactions.”

“The project will improve productivity, guarantee greater returns for our farmers, by cutting out several layers of middlemen; facilitate improved access to modern processing and packaging services for farmers; and generate useful data for the use of government agencies, private sector players, and multilateral agencies,” Governor Sanwo-Olu said, while reflecting on the project’s significance.

“In addition, the Hub will provide a better buying experience for consumers; help achieve a reduction in logistics costs, while guaranteeing the standardization of quantity and quality for agricultural products.

“I can boldly say that this is one of the most important agricultural interventions that Nigeria has ever seen. The fact that it is taking place in Lagos, the most populous and fastestgrowing subnational entity in the country, means that it is bound to have significant national, regional, and continental impact,” he added.

On the strategy of the Government to outsmart the challenge of limited land mass, Sanwo-Olu said, “As a government that is fully aware of this potential, we have left no stone unturned in creating the policy frameworks that will power our emerging agricultural revolution.

“This is what led us to the development of the Lagos State 5-Year Agricultural & Food Systems Road Map (2021–2025), launched in April 2021; the overall objective being the attainment of total synergy in all food systems, from production to processing to distribution.

“The Road Map seeks to take full advantage of all the agricultural value chains in which Lagos State has competitive and comparative advantages, with a view to enhancing our level of selfsufficiency in food production from the current 18% to 40%.”

He called on the people of Epe and the Lagos East senatorial district to take full ownership of the project, charging them to ensure they “protect the facilities that will be put in place and always do everything to forestall all acts of sabotage and vandalism.”

“You all stand to benefit greatly from having this Hub here. The entire Epe Division will immediately enjoy the dividends, starting from this construction phase of the project.

“There will be many jobs for you, as well as various opportunities to supply construction materials. And when the project is up and running, it will attract complementary development: housing estates, financial institutions, business enterprises, and other ancillary services.

“This will indeed change the face of Ketu-Ereyun community and advance the development of the Epe Division,” he said.

He, however, charged the leadership of the State’s Ministry of Agriculture and other agencies of government involved in the project, as well as the project ideator and lead developer, Messrs. Origin Tech Group and its consortium partners, to ensure the timely delivery of this laudable project.

In her remarks, the State’s Commissioner for Agriculture, Ms. Abisola Olusanya said the Hub Which according to her “signifies the beginning of another legacy project of the Babajide Olusola Sanwo-Olu administration,” was significant in relation to the status of Lagos which is “unarguably one of the largest cities in Africa with over 24 million inhabitants; a sub-national with a GDP of about 20 African countries,” demanding that the Government must innovate to manage contending and competing needs of the people with speed and dexterity.

She mentioned that “the Lagos Central Food security systems and logistics hub project was conceived at the very beginning of the administration of Mr. Governor – who had the vision for a Lagos with food reserves, translating to a higher degree of availability, lower prices, less wastage, and more nutritious and wholesomefood products.

“Upon completion, the Food Security Systems & Central Logistics Hub will unleash the huge potential in both the midstream and downstream sectors of the agricultural and foods sector,” she added.

Lagos State remains the most populous State in the Country with an estimated population of about 22million and hence, the most important food market.

Some of the agriculture interventions of the Sanwo-Olu led Administration since in 2019 include Capacity-building – which have recorded thousands of Lagosians who have benefited from numerous agricultural training/internship programmes, particularly those targeted at youths, like the Lagos Agripreneurship Programme (LAP), among others.

Others include Partnerships with Multilateral agencies – particularly the World Bank, in programmes such as APPEALS (Agro Processing, Productivity Enhancement and Livelihood Support scheme) where 10,000 farmers and agro-processors have benefited from trainings, grant support, extension services etc, and more recently, the Lagos CARES Project where 13,955 farmers were beneficiaries of input, training, and facilities rehabilitation support.

Also, was a collaboration with Mastercard Foundation and IITA which saw to the training and empowerment of over 13,000 women & youths in horticulture, crop production and poultry.

Agricultural Value Chains Enterprise Activation programme – which has seen over 10,000 farmers who have benefited from input support such as fish feed, poultry feed, battery cages, fibre glass boats with outboard engines, smoking kiln, collapsible ponds, fish juveniles, Point-of-lay, growers, pig feed etc.

Investments in production and processing facilities – the soon-to-be-completed Imota Rice Mill, the largest in Africa, will produce 2.4million bags of 50kg rice annually, projected also to create thousands of jobs.

Mechanization – Investments in tractors and other equipment, to help drive down the cost associated with land clearing and production activities for farmers.

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How Palmpay overcame trust deficit in 12 months- MD Nwosu

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Nigerians’ trust in Palmpay, a Central Bank of Nigeria’s fintech licensed bank, has grown tremendously in the last 12 months.

The Managing Director of Palmpay Nigeria, Chika Nwosu, disclosed this recently when he appeared on  Channels TV Business Roundtable.

Recall that the CBN recently restricted Palmpay and four fintech banks from onboarding new customers.

However, Nwosu gave insights into regulatory concerns surrounding the FinTech ecosystem and said that Palmpay has come to stay within Nigeria’s banking sector.

“Whatever happens with regulation is for the good of the FinTech space in Nigeria. Initially, when we started, there was an issue of trust. However, I can tell you now that the last 1 year after the cashless policy has seen the trust start to grow”.

The Managing Director emphasized PalmPay’s unwavering support for regulators in regulating the FinTech ecosystem, underscoring that regulators want to improve the services of strong players in the FinTech space, such as PalmPay.

On the ease of doing business and how it affects PalmPay, he said:

“Doing business in Nigeria for us is difficult, but Nigerians are embracing our App and digital payment”.

When asked about the problem of failed transfers, he stressed,

“Every institution has its business strategy and infrastructure. For us and most fintechs, we have a structure that makes transactions seamless”.

Regarding the regulator’s recent onboarding policy, he stated that PalmPay agreed with the regulators on some grey areas that must be addressed.

Reassuring customers that there was no issue with using PalmPay, he emphasized, “If PalmPay completes their own today, we will start onboarding today”.

On the issue of trust and the security of the PalmPay app, he said,

“There is no day you won’t see on our app boldly written that we are licensed by the Central Bank of Nigeria (CBN) and our deposits are insured by the Nigeria Deposits Insurance Corporation (NDIC). PalmPay is here to stay”.

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Mushin LG Chairman flags off construction of Yusuf Street road, promises solar lighting

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The Mushin Local Government Chairman, Hon. Emmanuel Bamigboye on Wednesday flagged off the construction of Yusuf Street road in Papa Ajao.

The project is expected to bring relief to residents and traders in the area and is set to be completed within six months.

According to Bamigboye, the project is a fulfillment of his campaign promise to the people of Mushin, and he expressed gratitude to God for the opportunity to execute the project.

He urged residents to cooperate with the contractor and the local government to ensure the successful completion of the project.

The councillor representing the ward, Ayomide Abioye, expressed his joy and appreciation for the project, stating that it is the longest street in Papa Ajao and will bring immense benefit to the community.

Also, the Baba Oloja of Ladipo International Market, Eze Monday, also commended the Executive Chairman for the project, stating that it will make a significant impact on the development of the area.

The project includes the construction of the road and the installation of solar lighting, which is expected to enhance security and facilitate economic activities in the area.

Residents and traders in the area have been warned not to disturb the contractor or disrupt the project in any way.

Meanwhile, the traders applauded Hon. Bamigboye for demonstrating its commitment to infrastructural development and the welfare of its citizens.

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Giving back to community — Prof Oyedokun speaks on motives

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Lead Facilitator Professor of Accounting & Financial Development Founder OGE, Prof. Godwin Emmanuel Oyedokun, has disclosed that giving back to society community is his motive for pursuing his career.

He made the disclosure in an article titled “My motive for running a free professional diploma course in Forensic Accounting and Fraud Investigation is of several folds.”

He said, “Running a free professional diploma course in forensic accounting and fraud investigation is also motivated by my desire to give back to the community.

“By sharing my expertise and knowledge without any financial barriers, I am helping individuals from diverse backgrounds and financial situations to acquire valuable skills and advance their careers.”

The academic reiterated that the motive for running a free professional diploma course in forensic accounting and fraud investigation is centred around education, skill development, community service, and professional growth.

It is a way to contribute to the accounting profession, address a skill gap, and empower individuals in their pursuit of knowledge and career advancement.

According to him, “Promoting Education and Professional Development to contribute to the growth and development of the accounting profession by providing individuals with an opportunity to enhance their knowledge and skills in the specialised field of forensic accounting and fraud investigation.

“By offering this free course, i am enabling aspiring professionals to access valuable education that might otherwise be costly or inaccessible.”

The Don addressing the need for expertise in Forensic Accounting said, “In recent years, there has been an increasing demand for professionals skilled in forensic accounting and fraud investigation due to the rise in financial crimes and fraudulent activities. By offering this free course, I am helping to address this skill gap and aiding in the fight against financial fraud.”

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