…Plans To Sell Fish Farm

The Rivers State Gov
ernment has said that the fish farm in Buguma, the headquarters of Asari-Toru Local Government Area would be sold to private investors, so as to lift the burden of its management from government.
Rivers State Commissioner for Agriculture, Mr Emmanuel Chindah who disclosed this during an inspection tour  of the fish farm to assess the level of development, noted that government is not a good businessman.
He said that government has done a lot in developing and maintaining the fish farm, adding that a lot of money has been expended on the project.
According to him, government wants to sell some of the shares of the fish  farm to private investors and to retain only a small fraction of the share.
Chindah also explained that the Buguma fish farm have created a lot of jobs for the unemployed,  adding that its sustainability was in the hands of private investors.
He posited that other fish farm being developed by government in the state, particularly the one at Ubima in Ikwerre Local Government area is yet to be stocked pointing out that government will stock them very soon.
The commissioner expressed the determination of the state governor in ensuring that all the fish farms are well stocked and are doing very well before he leaves office next year.
“Government is not a good business man, and all we want to do is to make sure that  the huge investment made by government is being sustained.
This explains why government will sell the major share of the project to private investors and retain just small portion of the share capital”, he said.

Corlins Walter