A major highlight of 2016 in the state and, indeed, the country at large, is the grand entrance of LAKE Rice, the product of a joint agro venture between Lagos and Kebbi states, into the market. The product currently sells at designated points across the state. Considering the current harsh economic reality in the country, its roll out, no doubt, offers good tidings to Lagosians as it is believed that it would cushion the effect of economic recession to a great extent. The price is equally largely reasonable and moderate when compared with that of imported rice of same quantity.
Aside providing succour for local consumers, one major goal of the LAKE Rice project is economic diversification. Presently, the need for economic diversification in our country cannot be over-emphasized. Faced with a bleak economic prospect brought about by an agonising economic recession, this, indeed, is the exact time for governments at all levels to embrace every creative strategy that would fast track economic emancipation. It is, therefore, quite commendable that the Lagos and Kebbi state governments are already leading the way in this direction.