Revealed: You Won’t Believe The Amount Nigeria Spends Every Year Just To Import Fish

September 20, 2019
168 Views

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

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

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 enagage 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 the objective was 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.

“These Universities have submitted 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.

You may be interested

VIDEO: Abacha didn’t loot any penny, best President Nigeria ever had – Buba Galadima
News
2 views
News
2 views

VIDEO: Abacha didn’t loot any penny, best President Nigeria ever had – Buba Galadima

Webby - March 24, 2024

Buba Galadima had said Abacha was the best president Nigeria had, and he never looted any penny. Galadima, in an…

New pattern of car theft sweeps across Lagos
News
News

New pattern of car theft sweeps across Lagos

Webby - March 24, 2024

…Residents must be vigilant – security experts Many residents in Lagos State have raised concern over the growing number of…

Why I Attempted Suicide – Nollywood Actor, Ayoola Opens Up (Video)
News
News

Why I Attempted Suicide – Nollywood Actor, Ayoola Opens Up (Video)

Webby - March 24, 2024

Nollywood actor and singer, Ayoola Ayoola, has recounted his experience of attempting suicide. The ‘The Men’s Club’ actor said he…

Leave a Comment

Your email address will not be published.