Lagos State government on Wednesday signed a Joint Venture Agreement (JVA) with Dula Agro-Services Limited for the establishment of the Lagos Aquaculture Centre of Excellence (L.A.C.E) Project, an aquaculture production and processing centre.
The state Commissioner for Agriculture, Ms. Abisola Olusanya and the Permanent Secretary, Ministry of Agriculture, Mr. Hakeem Adeniji signed on behalf of the state government while the Chief Operating Officer/Director, Mr. Israel Tommy; and the Managing Director/Chief Executive Officer, Mr. Adeyemi Adeshina both signed on behalf of Dula Agro-Services Limited (Dula).
Olusanya noted that the Centre, upon completion would produce 50 million fingerlings per annum; 2,000 tons of table-sized fish per annum; 20,000 tons processed fish per annum; and 24,000 tons fish feed per annum and it would be using the latest technology in Recirculating Aquaculture Systems (RAS) and Semi-flow through Systems
The commissioner opined that the Centre is also expected to generate no fewer than 5,000 smallholder fish farms which would in turn create about 1,000 indirect jobs during the construction phase and another 500 direct job opportunities for people who would be engaged at different phases of the project.
According to her, the Centre is designed to have a hatchery, grow out, processing facilities, feed mill to produce fish feed for the facility and out growers that will be engaged to produce fish to feed the processing plant.
She added that in addition, the Centre will conduct research and training that are focused on farming practices, business skills and other areas that are at the core of sustainable fish production.
According to Olusanya, the LACE Project would anchor the growth and development of aquaculture; drive the diversification of farmed fish species; contribute towards food security; support 5,000 fish farmers; conduct extensive research and trainings focused on aquaculture farming practices in the State.
The project would be jointly financed by the state government and the private sector investor under the Pubic Private Partnership arrangement and would be located on a 35 hectare parcel of land at Igbonla in Eredo Local Council Development Area of the state.