 is the greater Lagos vision and I am your host, Love Ikuku Oyedoku. The much awaited eco rice is now available in the market. This follows the formal lunch of the 5 billion era eco rice forward contract program on the Lagos commodities and features exchange by the state government Babajidesa Wanlu. The lunch which took place at URC building in Marina marks a significant milestone in the state government's drive to promote agriculture and enhance full security in the state. The forward contract is the first series of 30 billion narrow private commodity nodes insurance program facilitated by the state government to ensure undisrupted party supply enhance quality management. It is also to ensure transaction efficiency and transparency. Government Wanlu noted that by guaranteeing the availability of affordable rice the state is ensuring full security for over 80% of Lagos families. This is the greater Lagos vision. Lagos is indeed rising. Welcome once again, I am Love Ikuku Oyedoku. This episode features a eco rice hits the market as Wanlu launches 5 billion era forward contracts for party supplies. Lagos, Wanlu proclaims 10 Lagos assembly arduous legislative focus on people's welfare. Education, Wanlu rewards Lasso's best graduating students with 10 million Nairo cash prize. Details of these are many more. When we return please stay with us. Lagos State Govno, Babaji desu Wanlu has launched the onboarding of eco rice at the state commodities and features exchange. Rice produced from the Lagos State owns 32 metric tons per hour in motorized mill. In ecorado has now hit the markets. Wanlu launch is the first series of the 30 billion Nairo eco rice contract programs on the Lagos Commodities and Features Exchange which will supply 15,000 metric tons of undisrupted party to the mill and to be milled and sold to the public through subscribers. The forward contract for eco rice is the first to be listed and traded in the Endurance Commodities Exchange ecosystem. The private listing of the Lagos rice excited commodity brokers, farmers and investors in the commodities market as first 5,000 contracts issued on the exchange floor were traded at the value of 195 million Nairo. The offer for 50KG of eco rice opened on June 13 at the rate of 33,000 Nairo per note. Commodity brokers said the encouraging performance recorded by eco rice at first trading in the commodities exchange was due to its well-cleaned grains and high-grade texture could position the crop for fair competition with imported rice in the market. Being the first forward contract to be introduced into the community space, most importantly to us is the fact that the Lagos State Government is blazing the trail as the initiator of the eco rice forward contract. By this singular act, Lagos State has proven once again its capacity and positive name in championing and promoting food security to the good people of Lagos State in particular and the entire country, Nigeria. It is very privileged to host to SLNC as it launches the first in Nigeria eco rice forward contract. Eco rice has been made available for viewing today as all of you can see from every corner right from the entrance to this arena. The cycle for every transaction will be 60 days. If you multiply it by 6, which is for a year, 12 months, you have 30 billion. Now, why is it 5 billion? The required amount of party that is required to produce rice at the meal, which is in tons, will cover about 15,000 tons every 60 days, which will be about 5 billion. And when that is done, the rice that produces what you see here will be traded on the exchange. The redemption is what it can take at the factory. We want to first of all thank Mr. Govno for giving us this opportunity. Last year when he came to launch M Gold, he had given us reassurance that this particular transaction eco rice will be coming and also want to thank him also that he has been able to create a linkage between the public sector and the private sector, bringing in transparency and efficiency to the market. Govno Babajide Sawolu said the achievement is to create opportunities and to ensure a sustainable supply. As you all know, agriculture is a critical sector of our economy and we are all committed to the growth and the development of it. Our goal is to make Lagos a hope for agricultural production and processing in the country. I want to say a hope. We mean it by every percent of it. We believe that agriculture has the potential to create jobs, to create wealth and to reduce poverty and enhance food security in our country. All of us have kept saying that we need to feed ourselves, we need to grow what we eat and we need to eat what we grow. And we cannot but make Lagos as an example of that. We cannot give reasons and excuse because we are the tiniest state in the country and we have the largest population we are just going to throw in the towel and we should not be able to provide food for our people. And so Lagos sees right as an important stable. It is consumed by almost 80 percent of the Lagos family. It is therefore understood that it is a key driver of our economy and of food security and a plan to ensure that we can continue to feed this large population. And so rice became a commodity that we believe has to be affordable and has to be available. And to achieve the entire value chain around the capacity building which was started several years ago was to enhance and improve the capacity of our local rice producers. And we did that over a couple of years. And I want to say that Dr. Fashola who used to be my special advisor who I'm sure will still have a role to play in Lagos also led that conversation several years ago. And which led to us at that time setting up a small meal was about a three metric ton meal. But we became very audacious and we wanted to take the bull by the horn. And so Lagos state agreed to set up the largest rice meal in the whole of South Sarang and they said it's about the third or the fourth largest in the world. It's 32 metric ton per hour rice meal here in Lagos at the center of excellence and I'm happy. And I'm happy that the commissioning early this year was done by no other than our former president President Mohamed Buwari during his official formal visit to Lagos in January. This 32 metric ton per hour rice meal will utilize about 200,000 metric ton of paddy. Paddy is the major that's the real component that's what gives it life. Paddy is what turns into rice about 200,000 metric tons of paddy which at the end of the year will give us about 2.5 million 50 kg bag. What you're seeing here is a typical 50 kg bag. So the meal at full production in a year is supposed to have 2.5 million bags. That's a lot of bags. And so for us we're truly truly excited but for us to have a sustainable model you need to be able to activate who are the real paddy producers and paddy growers in a country and because that is the major feed into the rice meal we have to be very strategic and we don't have to realize that we don't have even the land size to grow paddy. Paddy is something that grows in another part of the country but they need to have a means of guaranteed purchase and happy that Elijah is here from Niger State I've also been given when I say I, the state has also been given about 100,000 hectares of land that the Niger State Governor says they will give us to identify in Niger, in Kuala, in Nassarawa big farms that we also can partake in because that is the main state of rice production is paddy production. And so these 5 billion series of a 30 billion eco rice contract program is to ensure that a sustainable supply of rice paddy for smooth running of the rice meal and it's a PPP program that will provide a platform for consumers for processors and for traders to buy and sell rice to buy and sell rice contract at a fair price. This program is also to provide a guarantee for quality and for quantity of rice to be produced. I think everybody has come out to say that eco rice will compete with any of the best grades of rice that comes out from any meal in the world all the time. And so the Lagos commodities and futures exchange is a critical component of this program. It is a platform that provides a transparent and efficient market for trading of agricultural commodities and derivatives. The exchange has the potential to transform the agricultural sector of Lagos and Nigeria in total into providing a reliable and efficient market for farmers, for processors and for traders. And so on your behalf, I want to congratulate and thank the commodity exchange again for leading in this conversation. This partnership will believe will drive the creation of financial instruments for patting and for head rice trading on the exchange and for the benefit of price value chain for all stakeholders. Under this agreement, the Lagos commodities and futures exchange will supply about 15,000 metric tons of patty in a three-month circuit like the MD had said and will be milled and then sold to the public through a subscription. Today's bell ringing ceremony is to hear out the listing of the 30 billion rice patty contract for Lagos rice mill in Mota which will be traded on the flows of Lagos commodities and futures exchange. This will heighten the opportunity available for the investing public to go into rice and the entire value chain for the agricultural sector to draw the attention of the local and international investors into the Lagos rice mill and deepen our capital markets and be able to create an ambience where all of the futures and all of the opportunities in the market and the ecosystem will be well straightened. Participating partners commanded the state government for the giant steps taken in collaborating with private sectors in ensuring adequate full security in the state. We are very happy to be part of this project and you know we when the governor inaugurated the motorized mill we were part of those who supplied the first rice patty this is outside the party funded by the Lagos state government in fact I'm sure John Bent was the first private sector that landed the first set of rice patty and we did not just supply the rice patty we are back here not for the rice patty but for the rice itself and I'm here with my people we have a mandate to trade nothing less than 5000 contracts before we leave here today so it's already a success there were 13 aggregate commodities that were traded on the LCFE and these are Paddy rice, she-butter, gold, cocoa, cassava soybeans among others Lagos state government who has proclaimed the first session of the 10th house of assembly following the inauguration of 40 members elect of the state legislatures by the clique this ceremony so only said symbolized the continuity of the state's democratic journey he noted that the role of legislature as indispensable pillar of democracy was vital in exercising the power of the people in a system of governance Miss Aminat Yusuf the best graduating student from Lagos state university Latsu was recently rewarded with a cash prize of 5 million Naira for her brilliance by Gov. Baba Yidesawolu the Gov. also announced an additional prize of 5 million from the state government to reward 23-year-old fresh low graduates unprecedented feat Miss Aminat Yusuf graduated from Lagos state university Latsu as the institution's best student of all time Aminat Yusuf from the department of law graduated with cumulative grade point average of 5.0 speaking during the ceremony Lagos state Gov. Baba Yidesawolu announced a reward of 10 million Naira for the overall best graduating student of the 2021 2022 academic session Aminat Yusuf he commanded Lagos state university for being steadfast in his commitment to providing high quality graduates and skilled manpower to meet socio-economic needs of the state and the country in general while recounting the institution's achievement Sowolu assured of more support for the university towards sustaining the standards and improving its academic profile in order to compete on a global stage the best graduating student in her remarks recounted that she was faced with financial constraints during her study and was determined to strive towards academic excellence last of us Chancellor Prof. Olatunji Bello described the occasion as symbolic she said the tertiary institution has fulfilled the founding principles of his establishment 40 years after stressing that the university has made its mark on education over the last four decades today's ceremony does not just wrap up the 26th convocation it is also a symbolic occasion of fulfillment and pride for the students who have been found worthy both in character and learning to be conferred with the highest academic degree of this great university Vosco graduated a total of 10,966 students 282 students bagged first class 3,375 graduated with second class upper division 5,311 got second class lower division and 1,105 finished with a pass former legal state governor Babatunde Rajifasula the chief of staff to the president Wright Honorable Fermi Bajabi Amila former equity state governor Dr. Kayode Fahemi and legal state first lady Dr. Ibijukesawon Lu were conferred with honorary doctorate degrees this is to certify that his excellency Mr. Babatunde Rajifasula senior advocate of Nigeria commander of the order of the Niger under the authority of the senate he has conferred the doctor of human letters urban and rural community development and youth empowerment honorary council today 22nd day of June 2023 congratulations Elegushi of Ikate Land Obasahid Elegushi became the first alumnus of the university to be conferred with honorary doctorate degree alongside 7 eminent Nigerians legal state governor Babatunde Sawon Lu has restated his administration's commitment to support the Nigeria immigration service in his efforts to ease passport processing visa issuance and ensure proper documentation of migrants Governor Babatunde Sawon Lu stated this when the leadership of the Nigerian immigration service led by his acting comptroller general Caroline Adekbojupi de Makata's visit at the Legos house in Keija the governor also urged Nigeria immigration service to be visa friendly and ensure that necessary measures in place not to make Nigeria visa difficult for foreigners to obtain we believe that you are representing us well and you may also be affecting and representing us very very well and I think you measure on a lot of things in one of the most critical ones the experience that Nigerians also have with the collection of national passports you can see the national passports you can see the national passports you can see you can see given the profession of the country and that and given the profession of the youth in this country that the request for passports is as important to them as anything for various reasons unfortunately we don't have a national ID card we have a name now we have drivers as important but people still believe you know to to form a private person and give them that Nigerianness in them so it's not everybody that wants to travel the very next day people just want to have the Nigerian passport in their hand in that of course people also want to Nigerians we are one of the biggest in that world in another part of the world and given that profession you know the Aoulu who wished the acting comptroller general of NIS success in her new assignment employed the federal agency so judicially utilize the support provided by the leg of state governments speaking earlier the acting comptroller general of NIS Caroline Adecboujou appreciated the efforts of the governor at supporting the agency to collaborate with the government and security agencies to ensure immigration process were safe. The nation's diverse communities pride because the contributions and talents brought by individuals from around the world as immigration professionals we must ensure that migration process is safe, orderly and regular. Over the past years, the service has worked tirelessly to strengthen our order security measures, streamline migration processes and enhance our ability to identify potential threats while facilitating legitimate travels and trade. Bye for now.