New Telegraph

Ecobank partners Lagos on artisanal fishery value chain

The Lagos State government has commended Ecobank Nigeria for partnering with it to uplift artisanal fishery value chain in the state. Speaking at the presentation of 34 fibre glass boats with outboard engines and other ancillary fishing equipment to cooperative societies of 680 youth fishermen, the Lagos State Commissioner for Agriculture, Ms Abisola Olusanya, said the partnership with Ecobank had been phenomenal in helping to develop business models suitable for the fishermen, stating that the ministry was partnering with Ecobank and Old Mutual Assurance, to provide banking services, track cash flow in the business and aid fleet expansion for the fishermen.

Olusanya disclosed that the empowerment was under the 2021 Agricultural Value Chains Enterprise Activation Programme, inaugurated by Gov. Babajide Sanwo- Olu in July as part of the government’s commitment to supporting the fishery value chain. She said that it was envisaged that the deployment of the fishing assets would create over 2,000 jobs in the upstream and downstream sub-sectors of the artisanal fisheries value chain, as well as to produce 4,531 metric tonnes of fish annually. Olusanya said that each cooperative group comprising 20 members each would receive a boat.

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