Five leading National Dailies recently broke the news with different captions that Lagos State Government is set to raise $2 Billion by floating Agricultural Commodities Notes in partnership with the Lagos Commodities and Futures Exchange to guarantee food security.
Lagos State is literally the hub of traffic congestion in Nigeria with attendant effects on logistics issues. It is no longer news that the State is the headquarters of substandard and adulterated products while the markets in this economic centre of Nigeria are not integrated with international markets. Any market that lacks central logistics, market governance, especially sanctity of contract, social responsibilities and central legislation and others cannot compete in the global market space.