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Ban! Ban! Ban! FG Plans To Ban Importation Of Fish

Nairametrics by Nairametrics
August 29, 2013
in Uncategorized
Ban! Ban! Ban! FG Plans To Ban Importation Of Fish
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Fish

 

The Federal Government seems to be on a banning spree lately. According to a Punch Article, the Minister of Agric, Dr Adesina confirms the FG is putting things in place to ban the importation of fish.

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The Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, said  on Tuesday that the Federal Government would soon place a total ban on the importation of fish and other aquatic consumables.

Adesina said this in Ado-Ekiti during the inauguration of the Special Growth Enhancement Support scheme for fisheries and the aquaculture value chain, according to the News Agency of Nigeria.

He, however, said that the ban would be imposed only if arrangements being put in place by the government to that effect worked as planned.

Banning is not always the solution as all it creates is a lopsided pricing system especially where demand outstrips supply. Indiscriminate banning also brings about uncertainty for investors. Imagine those who have invested in creating networks and structures for importation of fish. What happens to their decision making??

Tags: News Review
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Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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