Background & Structure
Goals & Objectives
West Africa Task Force
Aquaculture Working Group
Statistics & Research
What We Do
Fight Illegal Fishing
Regional Transhipment Strategy
Regional Monitoring, Control and Surveillance Centre
Regional License List
Improve Fisheries Governance
Manage Fisheries Sustainably
Climate Change & Coastal Environment Management
Regional MCS Centre
Improved Regional Fisheries Governance in West Africa
Building Transparency in West Africa
Fisheries Intelligence and MCS Support in West Africa
FCWC Strategic Action Plans
Improving Fisheries Governance in Ghana and Wider Sub-region (IFG)
Conference of Ministers
Brochures & Leaflets
Reports & Plans
News & Events
How Nigeria spends $800m on fish importation yearly
October 5, 2018
Nigeria spends $800m yearly for importation of fishes for the country’s 3.3m metric tons fish demand, FBNQuest Capital has said.
According to FBNQuest, Nigeria since the last three years has had its domestic fish supply jump 1.2mmt, a product of government’s efforts.
In spite of Nigeria’s abundant water resources, the fisheries segment lacks access to credit as agriculture got 3.5 percent of total credit allocation in Q2 2018.
“We note that Nigeria’s per capita fish consumption is 13kg, significantly lower than the global average of 21kg,” the report said.
“Data from the CBN show that artisanal production accounted for around 76.7 percent of the 1.06 million tonnes of fish produced in 2017.”
Also, it noted that the industrial (trawling) fish farming got 7 percent of the total, a sign that commercial fishing is still untapped.
“The harsh business environment has slowed fishing activity; the cost of trawling has more than doubled over the past few years due to high operational costs,” it added.
March 12, 2022
NaFAA Makes History – Signs Fisheries Science Degree MoU With UL
February 17, 2022
Ghana Hangs Hopes on EU to Curb Illegal Fishing
February 1, 2022
Nigeria: NIMASA Introduces Zero Import Duty on Brand New Vessels, Contributes N37bn to CRF
No translations available for this page