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The N500 billion Produce-for-Lagos Fund is an Off-taker Guarantee Fund created to support the Produce-for-Lagos ecosystem of operators.

Most Common Questions

The N500 billion Produce-for-Lagos Fund is an Off-taker Guarantee Fund created to support the Produce-for-Lagos ecosystem of operators.

Support

The N500 billion Produce-for-Lagos Fund is an Off-taker Guarantee Fund created to support the Produce-for-Lagos ecosystem of operators.

Email Address

fund4food@produceforlagos.com

Contact Person

The office of the Commissioner

The "Produce for Lagos" Programme is a strategic initiative promoted by the Lagos Food Systems Infrastructure Company (LAFSINCO) aimed at enhancing food security and agricultural productivity within the state. The programme aims to increase agricultural productivity, ensure stable food supply, and develop a modern, efficient food value chain through public-private partnerships and Special Purpose Vehicles (SPVs).

The programme seeks to:

  • Boost agricultural output,
  • Secure a stable food supply for Lagos and beyond,
  • Improve food logistics and storage infrastructure,
  • Catalyze private sector investment in agriculture and food systems.

The programme is implemented through Special Purpose Vehicles (SPVs)—structured public-private partnerships—each with a distinct role in the food value chain. These include:

  • LAFSINCO (Lagos Food Systems Infrastructure Company)
  • Lagos Bulk Trading Company
  • Ekolog (Eko Logistics)
  • Produce for Lagos Fund

LAFSINCO is the primary SPV promoting the programme. It is a joint venture between Lagos State and private sector investors. It is responsible for:

  • Developing food infrastructure,
  • Investing in farm estates and food transport systems,
  • Supporting food technologies,
  • Representing the government and investor interests in the programme.

The Lagos Bulk Trading Company is a strategic SPV focused on bulk food trading. It plays a central role by:

  • Aggregating food from producers,
  • Managing sorting, grading, and packaging,
  • Offering offtake contracts to reduce supply uncertainty,
  • Facilitating structured trade and financing,
  • Linking producers with markets and logistics operators.

Ekolog is the logistics and transport arm of the programme. It is tasked with:

  • Managing interstate transportation of food,
  • Operating a fleet of food logistics trucks,
  • Ensuring reliable, large-scale delivery of agricultural produce to Lagos,
  • Supporting bulk trading companies with dedicated logistics services.

The Produce for Lagos Fund is a dedicated financial pool supported by investors, bulk traders, and partner financial institutions. It provides:

  • Liquidity for bulk food transactions,
  • Working capital for aggregation and transportation,
  • Financial support to producers, input suppliers, and value chain players.

The Bulk Trading Company enforces standardized sourcing, grading, and storage protocols to ensure food quality and safety. It also centralizes aggregation and warehousing processes for better oversight and control.

By improving logistics, reducing post-harvest losses, and stabilizing food supply through bulk aggregation and offtake agreements, the programme aims to lower costs across the value chain—ultimately making food more affordable for consumers.

Farmers and producers benefit through:

  • Guaranteed offtake contracts from bulk traders,
  • Improved access to markets,
  • Better prices due to reduced intermediaries,
  • Financial support through supply chain financing mechanisms.

Yes. Research shows current operators face high losses from food spoilage, oversupply, and inefficiencies. The new system minimizes waste, improves supply-demand balance, reduces costs, and enhances profitability—benefits already evident in the Mushin middle-level market pilot.

Yes. While Lagos is the central hub, the programme sources food across Nigeria and builds partnerships with producers in other states to ensure a steady, national supply chain feeding into the Lagos market.

The programme creates a reliable and structured market for agricultural producers in other states by offering offtake contracts, reducing post-harvest losses, and improving access to Lagos—one of Nigeria’s largest food consumption markets. This means increased income for farmers, stimulation of rural economies, job creation along the value chain, and the promotion of regional agricultural development beyond Lagos. Some of the targets highlighting key benefits to other states include:

  • Creation of over 4 million jobs nationwide within three years of operation
  • 40% reduction in post-harvest losses in the first year of operation in the participating states.
  • 15% increase in IGR of participating states and 30% increase in tax generation from agriculture sector – VAT, CIT and PAYE
  • 75% formalization of farm operators nationwide and transition into large-scale intensive farming within 10 years of operation

By creating replicable models such as the food logistics and middle-level markets, the roadmap offers a blueprint that can be scaled across Nigeria to develop food production, processing, logistics, and export systems, contributing to national food security and GDP growth.

Key expected impacts include:

  • Reduced food scarcity and price volatility,
  • Better livelihoods for farmers and food traders,
  • Enhanced food system infrastructure,
  • Economic growth through job creation and trade expansion.
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The N500 billion Produce-for-Lagos Fund is an Off-taker Guarantee Fund created to support the Produce-for-Lagos ecosystem of operators.