The Minister of Marine and Blue Economy, Adegboyega Oyetola, has intensified efforts to reposition Nigeria as a fish-sufficient nation, securing a $200m commitment from the World Bank Group to support a renewed national drive to expand fisheries and aquaculture production across the country.
The funding, which will be made available to state governments as concessional loans, is expected to strengthen their capacity to develop and expand fisheries and aquaculture activities, unlock investment opportunities, boost domestic fish production and ultimately bridge Nigeria’s widening fish supply deficit.
Oyetola’s renewed push also places greater emphasis on collaboration between federal and state governments, investors and development partners to reduce the country’s dependence on imported fish and strengthen national food security.
The Minister’s position was conveyed by the Senior Special Assistant to the President on Marine and Blue Economy, Professor Busayo Fakinlede, who represented him at a high-level Executive Training on Aquaculture Investment Guide organised by the Federal
Ministry of Marine and
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