Nigeria: Govt Moves to Reduce $1.2bn Fish Import Bill With Local Production

Nigeria: Govt Moves to Reduce $1.2bn Fish Import Bill With Local Production

The Federal Government is taking significant steps to boost local fish production and reduce its reliance on imports.

FG Moves To Scale Up Domestic Fish Production, Reduce Import - AgroNigeria

The Federal Government has declared its commitment to ending Nigeria’s dependence on fish importation by scaling up domestic fish production and transforming the aquaculture sector into a key driver of food security, employment, and export growth. Minister of Marine and Blue Economy, Adegboyega Oyetola, made this known during a consultative meeting with fisheries cooperative groups held in Abuja on Wednesday.  He stated that the government is de…

Federal Government Moves To Cut $1.2 Billion Fish Import Bill With Local Production Push

In a bold move to streamline trade outflows and strengthen domestic food security, the Federal Government has unveiled a comprehensive initiative to reduce Nigeria’s $1.2 billion annual fish import bill by ramping up local aquaculture production. The policy shift is part of a broader strategy to boost agricultural output, generate jobs, sustain foreign currency, and reduce [...] Source from InfoStride News

FG Vows to Tackle Rising Cost of Imported Fish Feed, Post-harvest Losses,

By Modupe Gbadeyanka Stakeholders in the aquaculture subsector in Nigeria have been promised adequate support through favourable policies and financial inclusion. This promise was made by the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, during a high-level consultative meeting with fisheries cooperative groups in Abuja on Wednesday. Participants informed the Minister some of […]

FG renews commitment to end dependence on fish imports

The Federal government says it is committed to ending Nigeria’s dependence on fish importation by aggressively boosting local fish production. Minister of Marine and Blue Economy, Adegboyega Oyetola, made the pledge at a consultative meeting with fisheries cooperative groups in Abuja. Nigeria spends approximately $1.2 billion on fish imports every year and this accounts for an estimated 45 per cent of the nation’s total fish consumption. (TVC) …