NIGERIA LOSES OVER N20B TO PROCESSED FISH EXPORT BAN

Picture 1: Processed Fish

Twenty-nine months after the United States of America (USA) placed a ban on catfish imports from Nigeria, the country has lost over N20b as many farmers and investors have been forced to abandon the industry. President of the Catfish Farmers’ Association of Nigeria (CAFAN), Rotimi OIoye said the losses have suddenly risen to such amount, considering the length of the ban since February 2018 till date and attendant continuous depreciation of naira against the dollar.

The Director, Aquatic Resources Quarantine of National Agriculture Quarantine Service (NAQS), Uwechi Alozie said the Federal Government is on the issue, noting that very soon, US will accept fishery products from the country. He also identified the problem was majorly due to Nigeria’s failure to meet up with the US equivalent status of inspection.

For more details about the news visit the link:

https://m.guardian.ng/features/nigeria-loses-over-n20b-to-processed-fish-export-ban/amp/

Source: The Guardian

Image credit: The Guardian

Retrieved: 19/08/2020