Lagos Launches ₦1trn Produce for Lagos Programme and State Wealth Fund

The Lagos State Government has announced two major financial initiatives to boost economic resilience and ensure food security. First, a Lagos Wealth Fund Bill is being finalised to institutionalise long-term savings and strategic investments. The fund will act as a stabilisation buffer against economic shocks and help future generations inherit assets, not liabilities. Second, the ₦1 trillion Produce for Lagos programme aims to achieve 40% food self-sufficiency by using 30,000 hectares within the state and partnering on 500,000 hectares up-country with other states and the Federal Government. Both plans form part of a broader strategy for sustainable growth.

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