How Nigeria spends $1.2bn to import fish annually – Emefiele

CBN blocks bank accounts of rice, textile smugglers
Godwin Emefiele

 

The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele says about $1.2 billion 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.



Copyright Ships & Ports Ltd. Permission to use quotations from this article is granted subject to appropriate credit given to www.shipsandports.com.ng as the source.