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Lagos cooperative societies’ assets hit N60bn

By on July 3, 2013

Lagos State Government, yesterday, said the collective capital base of the state cooperative societies had increased to N60 billion with 13, 000 registered cooperative societies.

It will be recalled that two years ago, the cumulative asset base of the cooperative societies stood at N40 billion.

Commissioner for Agriculture and Cooperatives, Mr. Gbolahan Lawal, who announced this  at a briefing to herald the 2013 International Cooperative Day, with the  theme, ‘Cooperative Enterprise Remains Strong in time of Crisis,’ noted that efforts were being intensified to realise the one million fish production target.

Lawal  said,  “to achieve a 25 per cent increase in fish production in the state before 2015, more communities are being empowered to achieve the objective.”

According to him, from November this year, the annual egg production in Lagos through the Agric-Yes programme of the state would rise to 60 million eggs while chicken production would hit 10,000 weekly.

Lawal  said: “We have supported several communities in the past and this year, we are supporting additional ten communities in Badagry and Ojo zones with the production of outboard engines, fishing net refrigerators and other input that will boost their fish production.

“These are the measures we have put in place to assist our farmers with the subsidisation of their input.

“A  lot of innovations have been made to develop and strategise on production of foods in the state. Poultries had in the last one year, recorded remarkable improvement in their activities.”

“By November, we are going to produce 60 million eggs annually from the Agric-Yes, our commercial farm initiative in Araga.

“So, we are bent on improving our production. We are looking at the production of 10,000 chicken weekly coming from commercial farms. With all these plans, I am optimistic that we are going to meet out targets.”

 

 

 

[Vanguard]