Nigeria’s fish production gap presents huge opportunities – Oyetola

Nigeria's Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, has called on investors and financial institutions to take advantage of the country's vast catfish industry, which is currently experiencing a significant production gap. According to Oyetola, Nigeria's annual fish requirement is approximately 3.6 million metric tonnes, while domestic production stands at only 1.4 million metric tonnes.

This production deficit presents a major investment opportunity that could drive economic growth, food security, and job creation. Oyetola emphasized that expanding domestic fish production is crucial for strengthening domestic food supply, reducing dependence on fish imports, stimulating enterprise development, and creating sustainable livelihoods across the country.

He highlighted the need for coordinated investments across the entire value chain, including hatcheries, feed mills, equipment manufacturing, transportation, processing, cold-chain services, and trading.

Brief written by urgent.news from Punch's own syndicated text. Machine-written — may contain errors; check the original before relying on it.