The Federal Government is taking significant steps to boost local fish production and reduce its reliance on imports.
Nigeria spends approximately $1.2 billion annually on fish imports, but now with the right investments and initiatives, it’s aiming to save around $1.5 billion annually.
To achieve this goal, the Minister of Marine and Blue Economy, Adegboyega Oyetola, vowed to end Nigeria’s dependence on fish importation by aggressively boosting local fish production.
Speaking on Wednesday at a high-level consultative meeting with fisheries cooperative groups in Abuja, the Minister outlined a bold vision aimed at transforming the nation’s aquaculture sector into a powerhouse of food security, employment, and export competitiveness.
Declaring that “Nigeria must chart a new course towards self-sufficiency in fish production,” Oyetola emphasised that the Federal Government is fully committed to supporting the fisheries and aquaculture subsector through policy, technical support, and financial inclusion.
“We will scale up domestic fish production, reduce dependency on imports, and reposition the sector for sustainable growth,” he said.
