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Fish Importation In Nigeria

fish importation in Nigeria

Fish Importation In Nigeria is about a 2.4million metric tonnes annually and this is taking a toll on the country’s foreign exchange reserves, the Federal Government lamented on Monday. Speaking to journalists on the sidelines of the Internal Coordination Meeting of Implementation of Fisheries Governance Project Phase Two in Abuja, the Minister of Agriculture and Rural Development, Mohammed Mahmood, said Nigeria’s annual fish demand was 3.6 million metric tonnes, but only 1.2MMT was produced domestically. Mahmood, who was represented by the Director, Fisheries, and Aquaculture, Federal Ministry of Agriculture and Rural Development, Ime Umoh, said, “Nigeria is a very large country and...

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The Nation’s Electricity Falls To 9MW

The Nation's Electricity falls to 9MW

The Nation's electricity falls to 9MV says the arm of the Federal Government's power transmission The nation's electricity grid actually crash from a peak of 3,703 megawatts to as low as 9MW on Sunday. Nigeria witnessed a widespread blackout on Sunday after the nation's grid collapsed around 6.49 pm before engineers from the Transmission Company of Nigeria strived to ensure the recovery of the grid. The PUNCH had reported on Monday that Sunday’s grid collapse was the fifth in 2022, a development that made many power distribution companies shut down their various outgoing electricity feeders. Data sourced from the NESO on Monday in Abuja,...

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Nigerian Ambassadors Get Charged

Nigerian Ambassadors gets charged

Just In: Federal Government charges Nigerian ambassadors in foreign nations to identify and give strategic investors in their domains that can invest in Nigeria on Wednesday. The charges were given through the Nigerian Investment Promotion Commission at the Roundtable on Economic Diplomacy meeting with various Nigerian ambassadors, hosted by the Abuja Chamber of Commerce and Industry. The Acting Executive Secretary, NIPC, Emeka Offor, said Nigerian embassies in other nations should provide opportunities for the commission to engage with leading investors in the foreign countries. He said, “There are about 178 national investment promotion agencies across the globe and they are all trying to...

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Nigeria’s Agriculture Sector falls by 99.23%

Nigeria’s agriculture sector capital importation falls by 99.23% from $237.83m in the fourth quarter of 2021 to $1.76m in the first quarter of 2022. This means that there was a 99.23 percent decline within three months. This was contained in the Nigerian Capital Importation report for Q1 2022 released by the National Bureau of Statistics. The President, Major General Muhammadu Buhari (retd.), has always encouraged Nigerians to go back into agriculture. He has asked for the involvement of more Nigerian youths in agriculture, urging agencies involved in agriculture to further streamline their priorities in the inclusion of the youth in driving...

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China Imports To Nigeria Rise By 183.91%

china Imports to Nigeria Rises

China is responsible for most of the imports into Nigeria reported by the National Bureau of Statistics data on foreign trade. In the five quarters under review, China was the number one nation in the top 10 countries. Nigeria’s imports from China rose by 183.91 percent from N530.98bn in the first quarter of 2018 to N1.51tn in Q1 2022. While China is responsible for the bulk of the nation’s imports, export to China is negligible according to available data. The country was missing from the nation’s top 10 export destinations in Q1 2018 – Q1 2020, and Q1 2022. Only in Q1...

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