Lagos Agriculture Commissioner Sees Investment Opportunities

Abisola Olusanya, the Lagos State Commissioner for Agriculture and Food Systems, identified significant gaps in food delivery, specialized logistics, and cold storage as major investment opportunities for investors and young entrepreneurs in Nigeria. In an interview on BusinessDay Television, she highlighted three key areas for private capital and innovation: e-commerce platforms for food delivery, logistics solutions for efficient transportation of agricultural produce, and cold storage facilities.

Olusanya stated that Lagos, as Nigeria's largest food market with an annual food economy estimated at N16.4 trillion, presents enormous opportunities for investors, farmers, logistics operators, and agribusinesses. She noted that an organized framework for food aggregation, storage, and distribution is paving the way for private-sector participation, with guaranteed offtake arrangements and structured aggregation hubs helping to mitigate investment risks.

For young entrepreneurs, she pointed out that digital platforms offer a practical entry point into the sector, allowing participation without a physical presence in the hubs.