Nigeria faces 2.2 million-tonne annual fish deficit — FG
Nigeria is grappling with an annual fish supply deficit of more than 2.2 million tonnes, as domestic production remains significantly below national demand, the Federal Government has disclosed. Read More: https://punchng.com/nigeria-faces-2-2-million-tonne-annual-fish-deficit-fg/
Nigeria is facing an annual fish supply deficit of more than 2.2 million tonnes, according to the Federal Government. The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, announced this in a statement. The country requires approximately 3.6 million tonnes of fish per year but currently produces only 1.4 million tonnes, resulting in a significant shortfall.
This deficit is mostly covered through imports, which cost nearly $1 billion annually in foreign exchange. The government aims to reduce dependence on imported fish and become a net exporter. A $200 million World Bank-backed initiative has been launched to expand fish production and create jobs.
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