The Lagos State Government has paid compensation to traditional land-owning families for the acquisition of their land to establish the Lagos Aquaculture Centre of Excellence (LACE) project at Eredo LCDA, Epe. 

The sum of N16,382,100:00 was paid by the State Government to Land Owners for the acquisition of 35 hectares of land for the project acquired by the Agricultural Land Holdings Authority (ALHA), an agency under the State Ministry of Agriculture.

In her address at the payment ceremony held recently at the Palace of Alara of Ilara Kingdom in Epe, the Commissioner for Agriculture, Ms. Abisola Olusanya said the event is of great significance to Lagos State as it kick-starts the establishment of the Project ‘LACE’ – a Public Private Partnership between the State Government and Messrs. Dula Agro Services Limited – aimed at creating jobs for youths, stimulating economic activities, and anchoring the growth and development of the value chain in the State through the production of 50 million fingerings from the fish hatchery facility, 2000 MT/annum growth facility, 20,000 MT/annum fish processing facility (Smoked, Fillet & Steak) as well as 24,000 MT/annum feed plant.

Olusanya, represented by the Permanent Secretary in the  Ministry, Mrs. Olatokunbo Emokpae, emphasised that the government is committed to fostering a thriving agricultural sector, one that not only encourages private sector investments but also cultivates partnerships with all stakeholders to uplift the socio-economic landscape in line with the THEMES Plus Agenda of the present Administration and the Five-Year Agricultural and Food Systems Roadmap launched by the Ministry.

Her words, “It is in this spirit of cooperation that we have joined hands with Messrs Dula Agro Services Limited to establish this project. Our overarching goal is to create an environment that is conducive for private investors in agriculture. Through this, we hope to bolster food security and create jobs for our ever-growing population”.

She added that two levels of compensation are being paid N7,000,000.00 (Seven Million Naira only) as Crop Compensation on the 35 Hectares of Agricultural Land and N9,382,100.00 (Nine Million Three Hundred and Eighty-Two Thousand, One Hundred Naira Only), as the replacement cost of the uncompleted Town Hall project being constructed on the site totalling N16,382,100:00.

The Commissioner stated that the compensation exercise symbolises the synergy that exists between the State Government and the traditional landowners, she expressed her appreciation to the community for their cooperation in making the project a reality, adding it is a testament to what can be achieved when people work together for the common good of all Lagosians.

Also speaking, the Acting General Manager of the Agricultural Land Holdings Authority, Engr. Samiat Raji emphasised the agency’s commitment to making agricultural land accessible to all, regardless of socio-cultural backgrounds, stressing that the focus extends to activities such as land documentation, delineation based on entrepreneurship, and revenue generation for the State.

HRM, Oba Olufolarin Olukayode Ogunsanwo, Alara of Ilara kingdom acknowledged the Lagos State Government’s compensation for the LACE project in Epe. He stated that the financial support reflects the progress and commitment of the State Government to galvanise aquaculture in the Epe Community.

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