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Aliko Dangote said Nigeria spends about $1 billion annually importing fish despite having abundant marine and inland water resourcesHe urged increased investment in the blue economy, saying this would boost local production, create jobs and reduce import dependenceDangote also noted that poor infrastructure, limited financing and policy inconsistencies are slowing the growth of Nigeria’s marine economy
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
President of the Dangote Group, Aliko Dangote, has lamented Nigeria’s heavy reliance on imported fish, revealing that the country spends an estimated $1 billion every year importing fish despite its extensive coastline, inland waterways and favourable conditions for aquaculture.
He said the huge import bill reflects the enormous but underutilised potential of Nigeria’s blue economy, stressing that greater investment in fisheries and aquaculture would strengthen local production, improve food security, create jobs and reduce pressure on the country’s foreign exchange
