Oyetola Mobilises States for Fish Sovereignty, Unveils $200m World Bank-Backed Production Drive

According to THISDAYLIVE, the Minister of Marine and Blue Economy, Adegboyega Oyetola, is leading an initiative to reposition Nigeria’s status as a fish-sufficient nation. This ambitious project is backed by a commitment of US$200 million from the World Bank. The goal is to bolster local fish production and reduce reliance on fish imports. This move is expected to have far-reaching implications for Nigeria’s economy and food security, as fish is a significant component of the West African nation’s diet. The details of the production drive’s rollout are yet to be disclosed, with the minister’s office not providing a timeline for its implementation. This development underscores the commitment of the Nigerian government to boosting agricultural and economic growth through strategic investments.