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OSOPADEC Disburses N80.9m to Individuals and Cooperatives

NIGERIA - The Ondo State Oil Producing Area Development Commission (OSOPADEC) has in the last one year disbursed N80.9 million to 748 individuals and 11 co-operative societies to promote large-scale fish production.

The Chairman of the commission, Chief Adewale Omojuwa, told our correspondent in Akure that the commission had also embarked on “artisan fishing support schemes.”

He said the scheme was in partnership with Nigerian Agricultural, Cooperative and Rural Development Bank (NACRDB) and 94 outboard engines would be purchased with N36 million and given out on loan to fishermen.

The chairman said the measure would generate more than 3,000 employments for youths and women in the oil producing areas of Ondo and was part of government’s initiatives to reduce restiveness to a minimum.

Omojuwa also said that the development of aquaculture would be pursued in view of the fact that there was a great reduction in the fish being produced by old fishermen.

The commission chairman said that a demonstration fish pond and fingerlings hatchery centre were being developed at Ugbonla as a way of sustaining the aquaculture initiatives.

He said the commission had also collaborated with the Federal University of Technology, Akure to train fish farmers, especially women and youths, in modern aquaculture technology for improved productivity.

Source: The Tide Online