Close Menu
Chronicle NG
    Trending Stories
    Netanyahu pledges support for persecuted Christians in Nigeria

    Netanyahu promises to carry on Iran war ‘with all our force’

    March 7, 2026
    CBN says 30 banks meet new minimum capital requirements

    CBN says 30 banks meet new minimum capital requirements

    March 7, 2026
    2027 votes must count, Obi warns election officials against rigging

    Obi officially registers with ADC

    March 7, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Netanyahu promises to carry on Iran war ‘with all our force’
    • CBN says 30 banks meet new minimum capital requirements
    • Obi officially registers with ADC
    • Why DisCos switch off power during heavy rain
    • Tinubu says Nigeria will defeat insecurity, hails military sacrifice
    • Obi warns after attack, says ‘Nobody has monopoly of violence’
    • Arsenal earn 2-1 victory over Mansfield in FA Cup clash
    • Boko Haram raid in Borno community leaves many dead, over 100 missing
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Sunday, March 8
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle NG

    Nigeria spends $1bn annually on Fish importation

    Chronicle EditorBy Chronicle EditorApril 15, 2019No Comments2 Mins Read
    Facebook Twitter Telegram WhatsApp
    Federal Government has agreed that markets in Lagos, FCT and Abuja be opened for four hours
    Federal Government has agreed that markets in Lagos, FCT and Abuja be opened for four hours
    Facebook Twitter WhatsApp
    Nigeria spends $1bn annually on Fish importation
    Nigeria spends $1bn annually on Fish importation

    The Director of Nigerian Institute for Oceanography and Marine Research Lagos, Dr. Adekunle Oresegun, has disclosed that Nigeria spends about $1 billion annually on the importation of fish.

    He stated this in Abakaliki during a four-day vocational training and empowerment on aquaculture production and fish post harvest for youths and women from Ohaozara/Onicha/Ivo Federal constituency in Ebonyi State.

    Oresegun said the 40 participants drawn from the area were part of the constituency project of the House of Representatives Committee chairman of Agricultural Colleges and Institution, Hon. Linus Okorie.

    The director noted that Nigeria has great potentials for fish production, which if harnessed properly, would save the country about $1billion expended on fish importation.

    READ ALSO: Buhari Weighs Options On Incoming Cabinet Members

    He said: “The truth of the matter is that Nigeria spends about one billion dollars annually on importation of fish. Because of our fish production deficiency in Nigeria, we want to increase the number of people who have the knowledge and skills to farm fish. The intention of this vocational training is to increase fish production.

    “There are two ways to approach it: to increase production by increasing the number of people into fish production; to genetically modify the fish for productivity.

    “The metric tons of fish production in Nigeria are below the demand and consumption of fish and so we are still at the infancy in popularising fish production”.

    Oresegun further called on the Federal government to create enabling environment that will make fish production popular in Nigeria.

    Okorie represented by his Senior Legislative Aide, Wilson Okereke noted that the training was part of the measures of the lawmaker to engage some youths of the constituency into meaningful businesses.

    He admonished the participants to utilise the opportunity and engage in fish production to become self- reliant stressing that incentives would be provided for the participants for the production of fish.

    Source

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    CBN says 30 banks meet new minimum capital requirements

    CBN says 30 banks meet new minimum capital requirements

    2027 votes must count, Obi warns election officials against rigging

    Obi officially registers with ADC

    Why DisCos switch off power during heavy rain

    Why DisCos switch off power during heavy rain

    Tinubu says Nigeria will defeat insecurity, hails military sacrifice

    Tinubu says Nigeria will defeat insecurity, hails military sacrifice

    Obi: DSS arrests suspect claiming responsibility for Obi’s attack

    Obi warns after attack, says ‘Nobody has monopoly of violence’

    Boko Haram raid in Borno community leaves many dead, over 100 missing

    Boko Haram raid in Borno community leaves many dead, over 100 missing

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Netanyahu pledges support for persecuted Christians in Nigeria

    Netanyahu promises to carry on Iran war ‘with all our force’

    March 7, 2026
    CBN says 30 banks meet new minimum capital requirements

    CBN says 30 banks meet new minimum capital requirements

    March 7, 2026
    2027 votes must count, Obi warns election officials against rigging

    Obi officially registers with ADC

    March 7, 2026
    Why DisCos switch off power during heavy rain

    Why DisCos switch off power during heavy rain

    March 7, 2026
    Tinubu says Nigeria will defeat insecurity, hails military sacrifice

    Tinubu says Nigeria will defeat insecurity, hails military sacrifice

    March 7, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.