Business FG Bans Importation of Fish

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LequteMan

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The federal government of Nigeria has stopped importation of fish into the country since October 31 this year, reports reveal.

A concessionaire of a leading fish terminal in Apapa Port in an exclusive interview with LEADERSHIP said that the terminal and other terminals have stopped receiving fish product cargoes, which Bill of Laden were dated later than October 31, as they have been directed to do so by the federal government.

The General Manager, Port Operations, ENL Consortium, Mr Mark Walsh, said the new fish policy had now added to such others as the ban on cement and rice, which had seen the terminal losing up to 800,000 tons of rice in about 10 months.

“The government banned fish importation since October 31 this year. Before we were doing 20,000 tons of fish every month, but now, that is gone. Any bill of laden after that date cannot be brought to Nigeria. What we have coming in now are those imports with earlier bills of laden dated before October 31.

“I talked to a lot of the fish association and they have said that by the end of December, there will not be fish in the cold rooms. So it is a serious situation because it will affect everybody in the country.”

Figures provided by the Minister of Agriculture and Rural Development reveals that between 2010 and 2012 Nigeria imported an average of 780,000 metric tonnes of frozen fish annually from Europe, Latin America and Eastern countries, worth about N100 billion.

With annual fish demand estimated at 2.66 million metric tons (MMT), Nigeria currently produces about 0.78MMT leaving a demand-supply gap of about 1.8MMT.

Regrettably, the shortfall of fish supply in the country had led to a low annual per capita fish consumption rate of only 7.5 kilogrammes as against 15 kilogrammes per annum recommended by the Food and Agriculture Organisation (FAO).

But most Nigerians are of the opinion that the steps are good ones taken before the right time

The Chairman of Nigeria Ship Owners Association (NISA), Dr Isaac Jolopamo said the new fish policy would help save a large chunk of about N2 trillion which the country loses in freight as capital flight to other countries from where Nigeria import fish.

It is expected that increase in national fish production would not only diversify the country’s resources base, but also complement efforts aimed at achieving the Millennium Development Goals (MDGs).


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The demand-supply gap is slowly growing wider each passing year. As much as this is a necessary step to be taken, I also fear it was done at the wrong time.

With what is presently on ground in fish production in the country, it's almost impossible to meet up with the import supply, talk more of the demand-supply gap.

This move will definitely create an avenue for an increase in indigenously owned fishing vessels... but with the nations steep continental shelf and less diverse fauna species, over-exploitation is almost impossible.

Fish farmers across the country will definitely be happy to know that every fish produced now will be sold.

... but Something has to be done fast before the demand-supply gap grows to a stage where the price of fish would be close to that of a barrel of oil.
 
The demand-supply gap is slowly growing wider each passing year. As much as this is a necessary step to be taken, I also fear it was done at the wrong time.

With what is presently on ground in fish production in the country, it's almost impossible to meet up with the import supply, talk more of the demand-supply gap.

This move will definitely create an avenue for an increase in indigenously owned fishing vessels... but with the nations steep continental shelf and less diverse fauna species, over-exploitation is almost impossible.

Fish farmers across the country will definitely be happy to know that every fish produced now will be sold.

... but Something has to be done fast before the demand-supply gap grows to a stage where the price of fish would be close to that of a barrel of oil.
 
The demand-supply gap is slowly growing wider each passing year. As much as this is a necessary step to be taken, I also fear it was done at the wrong time.

With what is presently on ground in fish production in the country, it's almost impossible to meet up with the import supply, talk more of the demand-supply gap.

This move will definitely create an avenue for an increase in indigenously owned fishing vessels... but with the nations steep continental shelf and less diverse fauna species, over-exploitation is almost impossible.

Fish farmers across the country will definitely be happy to know that every fish produced now will be sold.

... but Something has to be done fast before the demand-supply gap grows to a stage where the price of fish would be close to that of a barrel of oil.
i didn't read it but i see u used some economic terms. very good. 7/10
 
the GEJ administration is encouraging local content,that is a good thing. Everything shouldn't be imported.
 
Phealip is a professor of ichthyology. If we permit him, he'll give us a full thesis with universally-standardized references....
 
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