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    Nigeria spends $1.2bn importing fish – CBN

    Chronicle EditorBy Chronicle EditorSeptember 20, 2019No Comments2 Mins Read
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    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
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    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 1.9 metric 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 objective of not only building future agripreneurs but making the universities able to improve their internally generated revenue.

    READ: VIDEO: Confession of a Nigerian serial killer

    “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.

    “These Universities have submitted revised proposal to their respective sponsoring banks,” he said.

    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.

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    US faces backlash over $1bn immigration fees without service

    US faces backlash over $1bn immigration fees without service

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