The Federal Government has called on local and international investors to direct capital into Nigeria's catfish farming sector, highlighting the vast economic opportunities available within the local aquaculture space.
The Minister of Marine and Blue Economy, Adegboyega Oyetola, made the appeal while highlighting the potential of the country's fisheries sector, according to The Guardian. The initiative is aimed at expanding commercial fish production, creating jobs, and reducing the nation's reliance on imported seafood.
Catfish remains one of the most widely farmed and consumed freshwater fish varieties across Nigeria, driving a large domestic market through restaurants, social gatherings, and household demand. Despite strong local consumption, commercial production still faces challenges, including high feed costs and gaps in processing facilities for preservation and export.
By inviting private capital into the value chain, authorities aim to modernise breeding methods, improve access to quality fingerlings, and develop cold storage infrastructure. Such improvements are expected to boost yield for local farmers while opening new supply channels across regional markets.
Oyetola, a former governor of Osun State, was appointed to oversee the newly established Ministry of Marine and Blue Economy to drive economic diversification away from crude oil. The ministry has focused on unlocking revenue from maritime transport, port logistics, and domestic fisheries.
The government continues to position sustainable aquaculture as a key driver for food security and rural enterprise development across the country.
