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.
Aquaculture in Nigeria