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

September 20, 2019
196 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

Iheanacho Thrilled To End Sevilla’s Goal Drought
Sports
4 views
Sports
4 views

Iheanacho Thrilled To End Sevilla’s Goal Drought

Webby - October 31, 2024

Super Eagles forward Kelechi Iheanacho is full of excitement after opening his goal account for LaLiga club Sevilla.Iheanacho netted a…

I’m Ready To Return To Football –Ranieri
Sports
1 views
Sports
1 views

I’m Ready To Return To Football –Ranieri

Webby - October 31, 2024

Former Cagliari manager Claudio Ranieri has expressed his desire to return to football.Ranieri, who stood down from Cagliari at the…

Do Libya Stand The Chance To Successfully Appeal CAF’s Decision Against Them?
Sports
2 views
Sports
2 views

Do Libya Stand The Chance To Successfully Appeal CAF’s Decision Against Them?

Webby - October 31, 2024

This video showcases the trending stories making the rounds over the weekend on Complete Sports, they are the Editors “Pick…

Leave a Comment

Your email address will not be published.