The Impact Nigeria NewspaperThe Impact Nigeria NewspaperThe Impact Nigeria Newspaper
Font ResizerAa
  • Home
  • News
  • Opinion
  • Metro
  • Business & Economy
  • Entertainment
  • Health
  • Politics
  • Sports
  • Video
  • World
Font ResizerAa
The Impact Nigeria NewspaperThe Impact Nigeria Newspaper
  • Home
  • News
  • Opinion
  • Metro
  • Business & Economy
  • Entertainment
  • Health
  • Politics
  • Sports
  • Video
  • World
Search
  • Home
  • News
  • Opinion
  • Metro
  • Business & Economy
  • Entertainment
  • Health
  • Politics
  • Sports
  • Video
  • World
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Business & EconomyHeadlines

How Nigeria spends $1.2bn to import fish annually – Emefiele

Olatunbosun Obafemi
Last updated: July 24, 2026 1:01 am
Olatunbosun Obafemi
Share
Governor of Central Bank of Nigeria, Godwin Emefiele meeting with some state Governors
Governor of Central Bank of Nigeria, Godwin Emefiele meeting with some state Governors
SHARE

The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele has revealed that about 1.2 billion dollars’ worth of fish is imported into the country annually.

Emefiele disclosed this in Abuja on Thursday while briefing some state Governors and the media on the feat recorded so far in agriculture for economic growth.

He explained that current fish production stood at 0.8 million tons while the demand was 2.7 million tons, giving a deficit of 1.9 million tons.

He said the apex bank’s current initiative was to engage the coastal state governors to develop the blue economy to address the deficit of 1.9metric tons as well as eradicate the huge import bill for fish.

According to him, this is a very huge economic opportunity for the states to create an enabling environment for investors.

In a similar development, the governor said that major innovation to deepen the poultry business was the recent partnership between the bank and tertiary institutions to pilot “The University–Based Poultry Production Programme” in twelve 12 Universities across the six geo-political zones.

He added that the objective was not only building future agripreneurs but making the universities able to improve their internally generated revenue.

“For the pilot phase, five Nigerian Universities, namely; Ahmadu Bello University (ABU), Zaria, Federal University of Agriculture Abeokuta (FUNAAB), Rivers State University, Port Harcourt, University of Nigeria, Nsukka and University of Ilorin were enrolled.

“These Universities have submitted revised proposal to their respective sponsoring banks,” he said.

The Governors of Ekiti, Adamawa, Lagos, Ogun, Benue, Zamfara, Kebbi, Jigawa, Sokoto, Bauchi, Gombe, Katsina, Anambra, Imo, Edo, and Borno states attended the meeting.

TAGGED:Governor of Central Bank of NigeriaimportNigeriapoultry businessrevenue
Share This Article
Email Copy Link Print
ByOlatunbosun Obafemi
Follow:
Bosun Obafemi is a seasoned journalist and editor for national daily news publication outfits.
Previous Article Manchester United player, Marcus Rashford Europa league: Solskjaer undisturbed by Rashford’s profligate finishing
Next Article Saudi Arabia Abqaiq and Khurais oil facilities attacks Houthi rebels end drone, missile attacks on Saudi Arabia
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

You Might Also Like

Nigeria’s President, Muhammudu Buhari and other African leaders
Business & EconomyHeadlines

Border closure: ECOWAS sets up committee over Nigeria

By
Olatunbosun Obafemi
HeadlinesNews

Fuel Scarcity Hits Lagos As Motorists’ Long Queues Surface

By
Olatunbosun Obafemi
HeadlinesSports

Slot Warns Against Complacency as Trophy Chase Heats Up

By
Olatunbosun Obafemi
Nigerian Security and Civil Defence Corps
HeadlinesInsurgency

Insecurity: NSCDC to deploy 1,500 personnel to farmlands

By
Olatunbosun Obafemi
QUICK LINKS
About Us
Advertise with Us
Contact Us
Privacy Policy
Disclaimer
Editorial Policy
Corrections Policy
Terms & Conditions
NEWS UPDATE
Top Headlines
News
Metro News
Insurgency News
Crime News
World News
Sports
Entertainment
Human Angle Story

BUSINESS
Business & Economy
Oil & Gas
Power & Energy

EDITORIAL
Editorial
Opinion

LIFE & LIVING
Lifestyle
Single & Married
Interview

MORE
Politics
Technology
Education
Features
Health
Environment
Security
Law
Litigation
Professionals
Video
Youth
Religion

© 2026 Integrated Impact Publishers Limited. All Rights Reserved.