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Rising feed costs hit the fish farming industry, and Nigeria's fish production remains sluggish

author:CCTV Finance

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Although Nigeria is rich in marine resources, it still imports a large amount of fish and shrimp every year. Nigerian native fish farmers say the sharp rise in the cost price of feed after the pandemic has dealt a huge blow to the fish farming industry, causing domestic fish production to remain sluggish.

Rising feed costs hit the fish farming industry, and Nigeria's fish production remains sluggish

George Obi has been farming fish on the outskirts of Nigeria's capital, Abuja, for eight years. George Obi recalls that before the pandemic, he could sell a lot of fish every day, and many local hotels and restaurants were his customers. But in recent years, the cost of feed and other things has risen, and many local farmers like him have been forced to reduce production. In the face of consumers' complaints about price increases, they are also helpless.

Rising feed costs hit the fish farming industry, and Nigeria's fish production remains sluggish

Agnes: Fish is very expensive, about 800 to 1000 naira, about 12 to 15 yuan a piece, sometimes I have to switch to crayfish for cooking.

Rising feed costs hit the fish farming industry, and Nigeria's fish production remains sluggish

Nigerian fish farmer George Obie: Fish production is low right now, it was good before the pandemic in 2020, and everything changed after the pandemic. All costs have gone up, mainly feed.

Rising feed costs hit the fish farming industry, and Nigeria's fish production remains sluggish

Nigeria is known to be one of the largest aquaculture producers in Africa, but due to backward farming technology, its annual fish production is about 1.2 million tons, and the demand reaches 3.6 million tons, there is a huge gap in between. As the demand for fish from local consumers in Nigeria continues to rise, some experts believe that Nigeria needs to improve the infrastructure of the fish farming industry and increase government financing so that the industry can achieve higher revenues.

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(Edited by Wang Yifan)

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