The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele says about 1.2 billion dollars worth of fish is imported into this country annually.

Emefiele disclosed this in a meeting while briefing some state Governors and the media on the feat recorded so far in agriculture for economic growth, in Abuja on Thursday.

He explained that current fish production stood at 0.8 million tons while the demand was 2.7 million tons, giving a deficit of 1.9 million tons.

He said the apex bank’s current initiative was to engage the coastal state governors to develop the blue economy to address the deficit of 1.9metric tons as well as eradicate the huge import bill for fish.

According to him, this is a very huge economic opportunity for the states to create an enabling environment for investors.

In a similar development, the governor said that major innovation to deepen the poultry business was the recent partnership between the bank and tertiary institutions to pilot the “The University-Based Poultry Production Programme” in twelve 12 Universities across the six geo-political zones.

He added that with the objective of not only building future agripreneurs but making the universities able to improve their internally generated revenue.

“For the pilot phase, five Nigerian Universities, namely; Ahmadu Bello University (ABU), Zaria, Federal University of Agriculture Abeokuta (FUNAAB), Rivers State University, Port Harcourt, University of Nigeria, Nsukka and University of Ilorin were enrolled.

165,631 PVCs not collected in Kogi, 40,912 in Bayelsa – INEC
“These Universities have submitted a revised proposal to their respective sponsoring banks,” he said.

The News Agency of Nigeria (NAN) reports that Governors of Ekiti, Adamawa, Lagos, Ogun, Benue, Zamfara, Kebbi, Jigawa, Sokoto, Bauchi, Gombe, Katsina, Anambra, Imo, Edo, and Borno states attended the meeting.

Source: https://www.vanguardngr.com/2019/09/nigeria-spends-1-2bn-to-import-fish-annually-emefiele/

shawa wey we dey manage b4 don increase from N500 to N700 this few days

And
How does that affect the government? Or aren’t they still deriving income from it via their sea ports?

Probably stock fish.

ikorodureporta:
shawa wey we dey manage b4 don increase from N500 to N700 this few days

na panla sure pass for this Buhari season 2

every country in the world imports. I don't know why this guys think our problem is only importation .

So they want to stop fish too?

No country in the world that does not import one form of fish or the other .

fish farming seems a lucrative business.. bulk of the next money should go into fishery

Off side

When are these people going to stop importation of cars, so we can patronize innoson and encourage other automobile businessmen to go into manufacturing?

anonymuz:
na panla sure pass for this Buhari season 2

hahhahahhahahahhaa

Na pork sure pass

Nigeria my country

Abeg Emefiele and Buhari should ban CBN forex for fish importers, let wailers wail or go fish farming


Its not a must to eat stock fish aka oporoko, you can get all the nutrient from cat fish and our local fishes

while at it ban Forex for clothing materials, and other luxury things Nigerians are addicted to


...

Has Dangote entered the fishing business too?
Expecting a ban on fish importation soon and an announcement that Dangote has acquired the biggest fishing industry or building the biggest fishing Mill in Nigeria.
That's how the CBN,the government of the day and Nigeria rolls these days.

Only

Just $1.2b annually, am not really surprised because I can't remember the last I ate made in Nigeria catfish.

dont understand this fish business well though


is it as risky as poultry?

there r so many things going on in this country that is unspeakable, y will a whole Nigeria b spending tht kind of money on Fish importation when we av Fish in Lagos, Bayelsa to mention few. Am sick and Tired of ds Mess

When you say Nigeria Imports, is the importation done by federal government using taxpayers' money, with no return or the importation is done by business men who recoup their cost from profit made when sold??!...

I understand the economy of this nation is in tatters, but churning out or tossing bloated figures to confuse the lay man is very unbecoming for learned elders in power... I humbly stand to be corrected tho. I am no economist, just applying common street sense here.

Fish - we need ruga in the Southern rivers
Cow - just give use ruga anywhere

Na ban una want ban the importation of the fish too?

Otuegbe:
every country in the world imports. I don't know why this guys think our problem is only importation .

We know that our problem is not only importation but too much of importation is a wastage to our economy

It's obvious there are no concrete economic plans

It is like the paradox of someone that has rivers everywhere, yet no water to drink. Lagos is an island and many rivers all round Nigeria; yet we import fish in large quantities. Our problem has always been, proper human capital management. Let's harness what we have and this country will be the greatest!

So what?


Are they importing the fish to
distribute free of charge to Nigerians?


This must be the worst CBN governor
in history of this country.


Buhari just loves dunces. He doesn't
like appointing people who are smarter than him.

My hand no dey because I don't eat foreign fish

I only eat goat meat and cat fish