Categories: Business News

News: Olusanya visits the proposed site 10,000 MTPA Coconut Husk Processing Factory in Lagos

The State Commissioner for Agriculture, Ms. Abisola Olusanya, on Thursday, led a team from the Ministry on an official visit to the proposed site of the 10,000 MTPA Coconut Husk Processing Factory (Coconut House), Badagry.

Ms. Olusanya, speaking during the inspection tour of the site, stated that the purpose of the visit was to ensure that the area is ready for the commencement of the project scheduled to begin in April 2021, through a Public-Private Partnership (PPP) initiative with P.M.G. Coconut Industry Limited.

The Commissioner explained that the concept behind the proposed establishment of the 10,000 MTPA Coconut Husk Processing Factory is to create wealth and employment opportunities for the teeming population of the State through the utilisation of the coconut husks, presently considered a waste product, in the commercial production of marketable products like coconut coir used in making floor mats, doormats, brushes and mattresses among others.

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She, however, directed that the Lagos State Coconut Development Authority (LASCODA) should erect a fence round the proposed site to prevent encroachment before the scheduled take-off of the project in the next few months.

On his part, the General Manager of LASCODA, Mr. Dapo Olakulehin, declared the readiness of the Agency for the commencement of the project in collaboration with P.M.G. Coconut Industry Limited, stressing that within the first two years of operation, the factory is expected to generate high income from operations to boost the Internally Generated Revenue (IGR) of the State.

While noting that, on completion, the Coconut Husk Factory will provide 260 direct and 3500 indirect employment opportunities for Lagosians, Olakulehin emphasised that the project will substantially enhance the infrastructural development of the host community and improve the livelihood of the residents.

Other members of the Commissioner’s inspection team are: Dr. Olayiwole Onasanya, Permanent Secretary in the Ministry of Agriculture and Mr. Gbolabo Olanihun, Senior Special Assitant to Mr. Governor on Agriculture, among others.

Ngozi Aima

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