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Ban on fish importation to save Nigeria over $1 billion

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Christian Fernsby ▼ | February 17, 2020
The Treasurer, National Fish Association of Nigeria( NFAN), Chibunna Ubawuike, says plans by the Federal Government to ban fish importation will save the country over $1 billion.
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Ubawuike, who made the disclosure in an interview with the News Agency of Nigeria(NAN) in Abuja, said the association was prepared to work with the Federal Government to actualise the ban.

Topics: Ban fish import Nigeria

According to him, the ban will not only save Nigeria the excess of one billion dollars but create opportunities for local fish farmers and other stakeholders in the value chain to thrive.

“The ban on fish importation will save Nigeria foreign exchange up to $1billion expended in importation of fish.

“If we are self sufficient in fish production that money will be saved and Nigeria will not have to expend it any longer, instead it will be ploughed into other critical areas of the economy.

“Fishery has huge prospect in Nigeria. Nigeria is the largest country in Africa in terms of population and the largest exporter of ornamental fish, “he said.