FG targets fish sovereignty, secures $200m World Bank-backed investment

• Mobilises states to transform Nigeria’s aquaculture sector
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By Steve Agbota
The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, has said the Federal Government has intensified efforts to reposition Nigeria as a fish-sufficient nation, securing a $200 million commitment from the World Bank Group to support a renewed national drive to expand fisheries and aquaculture production nationwide.
The funding, available to state governments as concessional loans, is expected to strengthen their capacity to develop and expand fisheries and aquaculture activities, unlock investment opportunities, boost domestic fish production and, ultimately, brid...