Tony Elumelu Donates ₦25 Billion as Lagos Launches Major Food Security Programme

Date:

Lagos State has launched a bold new initiative to tackle food insecurity and unemployment through its “Produce for Lagos” programme — and Nigerian billionaire and philanthropist Tony Elumelu is backing it with a monumental ₦25 billion donation.

Announced during the official launch ceremony, the programme is being spearheaded by the Lagos Food Systems and Logistics Hub under the Lagos Food Systems Infrastructure Company. It aims to guarantee a stable market for agricultural producers, reduce food waste, and boost local food production across the state.

The initiative also includes a ₦500 billion off-take fund to support farmers, agribusinesses, and youth employment, reinforcing Lagos State’s strategic vision to become Nigeria’s leading food hub.

Speaking at the event, Tony Elumelu, Chairman of Heirs Holdings and UBA, stated:

“Agriculture holds the key to solving youth unemployment in Nigeria. With the right investments and support systems, we can unlock massive opportunities in this sector.”

This landmark donation and programme launch mark a major step forward in public-private collaboration for food security in Nigeria, while also aligning with President Tinubu’s Renewed Hope Agenda on agriculture and food resilience.

Lagos is not just feeding itself — it is building a model for sustainable food systems across Africa.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Abdul Samad Rabiu’s Bombardier Deal Reflects African Billionaires’ Growing Footprint in Luxury Aviation

Dubai, UAE — December 2025 Nigerian billionaire Abdul Samad...

US Reviews Ties with Tanzania Amid Human Rights Concerns

Washington, D.C. — December 2025 The United States has...

Kagame and Tshisekedi Sign Peace Accord in Washington, Presided Over by Trump

Washington, D.C. — December 2025 Rwandan President Paul Kagame...

Nigeria Captain William Troost-Ekong Retires from International Football Ahead of AFCON 2025

Lagos, Nigeria — December 2025 Nigeria’s Super Eagles will...