Business A.M
No Result
View All Result
Wednesday, March 4, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Frontpage

Nigeria’s government reiterates commitment to address country’s reliance on fish import

by Admin
June 4, 2018
in Frontpage

The Federal Government has reiterated its commitment to address Nigeria’s incessant reliance on fish importation as Heineken Lokpobiri, the minister of state for agriculture pledged to support the creation of an enabling environment for private sector players to thrive.

Commissioning two fishing vessels acquired by one of the leading private fishing companies in the country, Atlantic Shrimpers Limited, he raised concerns that the nation’s total annual fish demand stands at 3.5 million tonnes, out of which Nigeria is producing only 1.1million tonnes from all sources, leaving a deficit of about 2.4 million tonnes to be supplemented by importation.

He added: “Our ultimate goal is to attain self-sufficiency in fish and aquaculture production. In this regard, my ministry is not only striving to create an enabling environment for the private sector to thrive and fill in the missing gap but we have in addition ensured that all fishing and fisheries regulations, especially within the marine environment are enforced.”

The minister said the industrial fishing companies in Nigeria under the auspices of Nigeria Trawlers Association of Nigeria (NITOA) are collaborating fully with the government in terms of ensuring best practices are employed in the exploitation of the marine resources.

“So far our ministry has elaborated the Inland Fisheries Regulation for Aquaculture including shrimps, to encourage investors in the fisheries and aquaculture sub-sector to facilitate the promotion of fish and shrimp culture for local consumption and export to international markets,” he said.

Lopkobiri who represented President Muhammadu Buhari at the occasion stated that government places serious emphasis on the fisheries and aquaculture sub-sector because its import to the agricultural sector of the economy as it contributes about 4.5 percent to the National Gross Domestic Product (GDP).

Noting that the fisheries and aquaculture sub-sectors contributions are very significant to national food security, he listed employment creation, income generation, poverty alleviation, foreign exchange earnings, and the provision of raw materials for the food and animal feed industry as some of the gaps filled.

The vision of the present administration, according to him was to grow Nigeria’s Agricultural Sector to achieve a hunger-free Nigeria through agriculture that drives income growth, accelerates achievements of food and nutritional security, generates employment and transforms Nigeria into a leading player in global food and fish market.

He noted that the two ultra-modern fishing vessels by Atlantic Shrimpers Limited was in addition to the 70 existing vessels owned by the company, making it the highest number of fishing fleets and vessels in the fishing industry in the count.

He said: “The ministry is also opening up the deep sea, an Exclusive Economic Zone (EEZ) for exploitation of her Tuna resources by issuing Letter of Assurances to companies to bring in Deep Sea Vessels into the country. Nigeria has joined the International Committee for the Conservation of Atlantic Tuna (ICCAT). This is the only option open to us in terms of seafood security of the nation as we allow the inshore waters to rejuvenate back from the past fishing pressure.

“In addition, we are embarking on backward integration through commercial aquaculture for local consumption and export to international markets. In this regard I wish to mention that several companies have complied with the Ministry’s directive on the backward integration policy, including the Atlantic Shrimpers Limited, Triton Aqua Africa, Premium Aquaculture, Tilapia Developers Association of Nigeria (TADAN), just to mention but a few,” the minister explained

Admin
Admin
Previous Post

Funding structure puts Kachikwu’s 2019 Nigeria’s refineries revamp promise a stretch too far

Next Post

Government paranoia against business

Next Post

Government paranoia against business

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

How UNESCO got it wrong in Africa

May 30, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

PalmPay marks International Women’s Day 2026 with ‘Purple Woman 3.0’ tech masterclass

PalmPay marks International Women’s Day 2026 with ‘Purple Woman 3.0’ tech masterclass

March 3, 2026
MDA reports expose Tinubu’s 3-year shambolic budgeting 

MDA reports expose Tinubu’s 3-year shambolic budgeting 

March 3, 2026
Nigeria secures $500m gas financing in fresh bid to unlock reserves

Gas supply uncertainty raises fresh risks for power investors

March 3, 2026
N5trn wasted: Nigeria’s production value bleeds as post-harvest losses deepen food crises 

N5trn wasted: Nigeria’s production value bleeds as post-harvest losses deepen food crises 

March 3, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Google, global partners roll out new standard for AI-powered payments

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

PalmPay marks International Women’s Day 2026 with ‘Purple Woman 3.0’ tech masterclass

PalmPay marks International Women’s Day 2026 with ‘Purple Woman 3.0’ tech masterclass

March 3, 2026
MDA reports expose Tinubu’s 3-year shambolic budgeting 

MDA reports expose Tinubu’s 3-year shambolic budgeting 

March 3, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M