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Home Aquaculture

Aquaculture in Nigeria

An investment Framework for Improved Incomes, New Jobs, Enhanced Nutritional Outcomes and Positive Economic Returns

Orazio Albano by Orazio Albano
December 28, 2022
in Aquaculture, Environment, Integrated Activities
Reading Time: 1 mins read
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Aquaculture in Nigeria

Aquaculture in Nigeria – The recent publication of WorldFish includes ideas to further promote and develop aquaculture in Nigeria through targeted investment. The work received the support of the Bill & Melinda Gates Foundation which funded these activities.

Nigeria’s aquaculture sector has a promising future, buoyed by growing demand and potential productivity gains driven by improved seed, feed, technology and human capital, as well as national policies and strategy. While not all the investment opportunities today have the size, return or risk characteristics attractive to private investors, the WorldFish study considers that such characteristics will become more and more common as the market continues to grow and mature and there are compelling blended finance, collaborative investment and impact investment opportunities that should be evaluated and considered.

Particularly, the optimistic vision for the sector concerns the decentralization of seed and feed production and aggregation both the buying and marketing power of the fish producers themselves; there are compelling commercial and strategic return opportunities in health and technology, specifically digital marketplaces.
In sum, Nigeria’s aquaculture sector offers investors a myriad of clear paths to positive returns and/or strategic interventions that will help set an accelerated trajectory for this very exciting Nigerian commercial sector in the years to come.

To read the full publication

 

Aquaculture in Nigeria

Tags: africaaquaculturebill & melinga gates foundationBill Gatesblueeconomybluetransformationnigeriasustainabilityworldfish
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Orazio Albano

Orazio Albano

Independent consultant, in aquaculture and Blue Food value chain, with over 19 years of experience in technical support to cooperation projects, and consultancy to private companies, in Italy, Norwey, Ghana, Greece, Albania, Republic of Congo, Angola, Somalia, Tunisia, Turkey, Egypt, Morocco, Libya, Kenya. Co-founder of the Facebook group Coastal Community Network.

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