The Minister of Marine and Blue Economy, Mr. Adegboyega Oyetola, has announced the Federal Government’s plan to end Nigeria’s reliance on fish importation by boosting local production and supporting youth and women with start-up grants in the fisheries sector.
Oyetola made this commitment on Wednesday in Abuja during a consultative meeting with the Fisheries Cooperative Groups.
He outlined the government’s vision to transform aquaculture into a key pillar of food security, job creation, and export competitiveness.
He emphasized the need for Nigeria to chart a new path toward self-sufficiency in fish production, stressing the government’s commitment to revitalizing the sector.
“The Federal Government is fully committed to supporting the fisheries and aquaculture subsector through policy, technical support, and financial inclusion,” he said.
According to him, efforts will focus on scaling up domestic fish production, reducing reliance on imports, and repositioning the sector for sustainable growth.
Youth and women’s empowerment
Oyetola stressed that empowering youth and increasing their participation in aquaculture was not only crucial for food production but also a strategic way to reduce unemployment.
He reaffirmed that the administration was committed to youth and women’s empowerment, with multiple initiatives already in motion.
He assured stakeholders that the ministry was actively engaging local and international partners to address industry challenges.
Financing, insurance, and strategic partnerships
Oyetola also revealed that talks were ongoing with the World Bank to secure financial support for fish farmers and that the ministry would work with the Nigerian Agricultural Insurance Corporation (NAIC) to provide affordable insurance coverage.
“We are also in talks with the Federal Ministry of Water Resources to replicate the successful aquaculture model at the Oyan Dam across other regions.
“This meeting is only the beginning of a sustained and transformative dialogue. Integrated planning and inter-ministerial cooperation are key pillars of our strategy,” he added.
Earlier, Mr. Mashi Sani, President of the Fisheries Cooperative Federation of Nigeria (FCFN), proposed the adoption of a Sustainable Livelihoods and Fish Food Security Initiative (SLESI) aimed at enhancing livelihoods across the fisheries value chain.
He recommended a three-year budget of N75 billion for the initiative, with targets to create one million sustainable jobs, reduce post-harvest losses by 50%, and boost national fish production by 35%.
Challenges and call to action
Sani emphasized that Nigeria’s fisheries sector plays a vital role in food security, income generation, and nutrition, particularly in rural communities.
However, he noted that the sector is plagued by challenges such as overfishing, poor infrastructure, limited access to finance, and weak extension services.
He urged the Federal Ministry of Marine and Blue Economy to adopt and fund the SLESI in partnership with the FCFN to promote sustainable livelihoods, enhance national food security, and advance the development of Nigeria’s blue economy.
In addition, he called on the government to urgently address persistent issues in the sector, including poor transportation systems, weak market linkages, and inadequate technical support.
The federal government should get everything ready before,stopping the importation of fish. Because by the time you stopped the importation without proper arrangement. You will now make all common citizens to go through hell, because of your inabilities to complete the one you’re doing with mout. Complete Nigerian fishing company first.
It will be a good and nice movement, if the FG will do it without Man know Man or relatives and religion tribalism. Many Nigerian like my self are battling for capital to boost our products to be sufficient for the consumers, please i want to apply for the grant, am interested.