Nigeria’s Fish Import Bill Hits N138bn In Nine Months

The Federal Government has said it spent over N138 billion in fish import bill in nine months in 2023, saying its yearly fish import bill stands at 2.4 million metric tonnes.
Government said such import bill drains the country’s foreign exchange reserves.
Director, Department of Fisheries, Ministry of Marine and Blue Economy, Wellington Omoragbon, stated this during a courtesy visit by the National Working Group on Gender and Blue Economy.
He called on government to tackle challenges facing fishery and aquaculture, including dredging activities.
To address the challenge, Omoragbon   said government is launching initiatives to increase local capacity, including locally-designed technologies such as storage facilities and inclusion of women and youths in production.
The Director emphasised the need for state and local governments to prioritise fisheries projects, particularly in supporting women and youth as  70 per cent of the population lack necessary support in the fishing industry.
He highlighted the need for market and technology development to reduce reliance on fish imports.
“The government plans to intervene in the fishing sector, signing an MoU with the Ministry of Water Resources to utilise the country’s water bodies for fishing”, he said.
He acknowledged the skill gap in the sector and called for a need assessment to identify targeted issues across fishing communities.