Gov. Babajide Sanwo-Olu of Lagos State says his administration will establish an ‘aquaculture centre of excellence’ to boost fish production and create 10,000 jobs.
The centre, to be called the Lagos Aquaculture Centre of Excellence (LACE), Sanwo-Olu said, would be set up in collaboration with a private sector investor.
The governor announced this at the 2020 edition of the Lagos Seafood Festival held at the Muri Okunola Park, Victoria Island, Lagos on Sunday.
Represented by his deputy, Dr Obafemi Hamzat, the governor explained that the centre is expected to engage no fewer than 5,000 smallholder fish farms.
These, the governor said, would, in turn, create about 1,000 indirect jobs during the construction phase and another 500 direct jobs opportunities for people that would be engaged at different phases of the project.
He said that the project included the establishment of a 50 million fish hatchery facility.
The facility is projected to produce 2000 tons of table sized fish per annum and production of 24,000 tons of fish feed per annum fish.
“The project will also include a seafood processing centre to process 20,000 tons of fish per annum,’’ Sanwo-Olu said.
He added that the state was presently experiencing insufficient supply of fish and other seafood products, hence the need to have a private sector driven aquaculture centre.
“We estimated the present supply of fish and other seafood at 174,553 tons per annum, which is insufficient for residents.
“Therefore, we have collaborated with a private investor to set up the LACE to boost fish production.
The governor noted that Lagos, with a population of more than 22 million, had a consumption demand for fish and other seafood of 374,000 tons annually.
But the supply of these food items hovered around 155,262 tons per annum.
“It is important that residents keyed into and benefited from the value chain attached to the fisheries sector in order to fill the supply deficit.’’