Lagos State Government has spotted a business opportunity in the volume of beef that Lagosians consume daily.
According to the Commissioner for Agriculture, Abisola Olusanya, the residents consume 6,000 cattle daily.
This, he said, has made the government seen the need to build ranches and make the process closer to the polity.
Speaking during an interview on Channels Television, the commissioner said:
“Lagos consumes well over 1.8 million heads of cattle on an annual basis. We consume over 6,000 heads of cattle on a daily basis.
“When you consider the transactional value alone for Lagos, it is over N328bn but we are producing nothing but what stops us from setting up ranches in this state?
“We are the largest market. It also makes sense that we set up ranches such that we are closer to market, we remove the logistics costs.
“We are actually working on that and we would be rolling out the Expression of Interest next week, calling on investors.”
