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Nigerians Encouraged to Invest in Aquaculture

Lucy Towers
01 May 2013, at 1:00am

NIGERIA - With better opportunities in the Nigerian aquaculture industry through improved market integration, small and large scale entrepreneurs are being encouraged to invest.

The Permanent Secretary of the Ministry of Agriculture and Rural Development, Mrs Ibukun Odusote, said that there was urgent need to develop guidelines and policies that would create favourable climate for more investment opportunities across the aquaculture value chain, reports the Tribune.

The Acting Director, Federal Development of Fisheries, Deaconess Foluke Areola also said that the on-going Agricultural Transformation Agenda was promoting the Fisheries Value Chain development for accelerated fish production.

She further said that the 27 States not included under Aquaculture would benefit from the distribution of nets, floats and sinkers, fishing canoe and insulated boxes of 20kg capacity at 50 per cent subsidy.