…as NEPC preps, point farmers’ attention to economic benefits of aquaculture
The Nigerian Export Promotion Council (NEPC) is preparing stakeholders in Bayelsa State to participate and benefit from Nigeria’s estimated $1.96 billion seafood market, just as the Federal Government’s Agency points seafood farmers’ attention to economic benefits inherent in aquaculture and seafood.
The global seafood market is estimated at $428.76 billion in 2026 and is projected to double within the next decade, with Nigeria’s share of the seafood market a paltry $1.96 billion which could rise to $4.86 billion by 2034.
Despite the opportunities that abound in the seafood market, Bayelsa State with natural resources endowment and longest coastline of about 203 kilometres among all the litoral States is yet to take advantage of its unique location to make inroads into the lucrative market.
Following in the steps of the Federal Government, the Bayelsa State Government established the Ministry of
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