SUSTAINABLE DEVELOPMENT OF TOURISM POTENTIALS IN AQUACULTURE WILL FOSTER ECONOMIC GROWTH – SANWO-OLU

Lagos State Governor, Mr. Babajide Sanwo-Olu has expressed his administration’s belief that a sustainable development of the tourism potentials in aquaculture and its value chain will not only foster economic growth, but also create jobs, reduce poverty and unleash opportunities for entrepreneurship in the State.
Speaking at the 2019 Lagos Seafood Festival, themed “Celebrating the Seafood Diversity of Lagos State”, the State Governor, who was represented at the event by the Deputy Governor, Dr. Kadri Obafemi Hamzat noted that the agriculture value chain has potentials for attaining the State’s food security objective, improving foreign exchange earnings and contributing to GDP growth.
He maintained that Lagos has unique endowment due to its comparative advantage in seafood and tourism business saying, “You will all agree with me that Lagos State is endowed with natural landscape traversed by sea and lagoon waters as well as beautiful beaches and waterfronts. 22% of the State’s total land area is covered with water and 180km coastline along the Atlantic Ocean.”
Sanwo-Olu stated further that partnership with the private sector will geometrically increase fish production in the agricultural space including the establishment of Fish Farms in Ikorodu and Epe.
According to him, “While the Ikorodu Estate is fully subscribed and produces 10,000 tons of fish per annum, the Ketu Ereyun, Epe Estate will produce 11,000 metric tons on completion of its first phase.”
He emphasised that government initiatives are geared towards bridging the demand and supply gap which is estimated at 374,000 and 155,262 tonnes per annum respectively.
While noting that the Seafood festival presents a unique opportunity to showcase Lagos State aquaculture and seafood potentials to local and international markets as well stimulate the growth of tourism, the Governor invited business communities to tap into this highly rewarding investment opportunity.
Earlier in his address, the Lagos State Commissioner for Agriculture, Prince Gbolahan Lawal disclosed that Lagos Seafood Festival aimed to boost the development of the creative industry and promote the visibility of the State as a tourist destination in alignment with the entertainment and tourism pillar of the T.H.E.M.E.S Development Agenda.
Lawal said the festival will project the rich diversity of Lagos through the display of various fresh, processed and wide varieties of seafood-based dishes by the exhibitors, asserting that the advantage of the event is strengthened by the fact that fishing is the main occupation of the people living in the coastal zones along the vast lagoon network of the State.
The Commissioner emphasised that entertainment and show business are major activities which provide employment for youths in Lagos, significantly contributes to the State’s GDP and enhances the wellbeing of its people by creating an atmosphere for relaxation and enjoyment.

Leave a Comment