FG secures $200m World Bank funding to boost fish production

By Folarin Kehinde
The Federal Government has secured a $200 million World Bank-backed financing commitment to boost fish production across the country through state governments, as part of efforts to reduce import dependence and strengthen Nigeria’s aquaculture industry.

The funding, to be made available to state governments as concessional loans, is expected to support investments in fisheries and aquaculture, expand production capacity and create opportunities for private-sector participation.

The Minister of Marine and Blue Economy, Adegboyega Oyetola, disclosed this at a high-level executive training on the Aquaculture Investment Guide organised by the ministry in collabora...