{"id":1302,"date":"2022-06-14T09:45:33","date_gmt":"2022-06-14T09:45:33","guid":{"rendered":"https:\/\/citywatch.ng\/2-4-million-metric-tonnes-fish-imports-depleting-nigerias-forex-fg-punch-newspapers\/"},"modified":"2022-06-14T09:45:33","modified_gmt":"2022-06-14T09:45:33","slug":"2-4-million-metric-tonnes-fish-imports-depleting-nigerias-forex-fg-punch-newspapers","status":"publish","type":"post","link":"https:\/\/citywatch.ng\/?p=1302","title":{"rendered":"2.4 million metric tonnes fish imports depleting Nigeria\u2019s forex \u2013FG &#8211; Punch Newspapers"},"content":{"rendered":"<p>Breaking News<br \/><a href=\"https:\/\/punchng.com\/40-owo-massacre-victims-get-mass-burial-friday\/?utm_source=news-flash&amp;utm_medium=web\">40 Owo massacre victims get mass burial Friday<\/a><br \/>Kindly share this story:<\/p>\n<p>Nigeria imports about 2.4 million metric tonnes of frozen fish annually and this is taking a toll on the country\u2019s foreign exchange reserves, the Federal Government lamented on Monday. <br \/>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\u2019s annual fish demand was 3.6 million metric tonnes, but only 1.2MMT was produced domestically. <br \/>Mahmood, who was represented by the Director, Fisheries and Aquaculture, Federal Ministry of Agriculture and Rural Development, Ime Umoh, said, \u201cNigeria is a very large country and we need about 3.6MMT per annum but we are able to produce only 1.2MMT through the artisanal, industrial and aquaculture. <br \/>\u201cThe deficit is being supplemented by frozen fish importation, which is being used to bridge the gap. It is not actually that we are going to have 2.5 million metric tonnes brought into the country, but we have a situation that we supplement with frozen fish imports.\u201d<\/p>\n<div style=\"margin-top: 1em\">  <\/div>\n<p>Asked to quantify the cost of importing over two million metric tonnes of fish into Nigeria, he replied, \u201cI will not be able to quantify the cost, but I know that it is a toll on our foreign exchange. <br \/>\u201cHowever, it is being regulated by the Central Bank of Nigeria because only the CBN governor issues Form-M to anybody who wants to bring frozen fish into the country. So that monetary toll in terms of foreign exchange used in importing frozen fish is to be given by the CBN.\u201d <\/p>\n<div class=\"read-also\">\n<header>Related News<\/header>\n<ul>\n<li><a href=\"https:\/\/punchng.com\/nigeria-spends-60m-annually-on-fish-imports\/?utm_source=auto-read-also&amp;utm_medium=web\"> Nigeria spends $60m annually on fish imports <\/a><\/li>\n<\/ul><\/div>\n<p>On whether it was healthy to consume these frozen fish, the minister responded in the affirmative.<\/p>\n<div class=\"ad-container  margin-top margin-bottom\"> <ins class=\"adsbygoogle\" style=\"text-align:center\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-7167863529667065\" data-ad-slot=\"7613074554\"><\/ins>  (adsbygoogle = window.adsbygoogle || []).push({});   <\/p>\n<div><\/div><\/div>\n<p>\u201cBefore it is brought into the country we have have to certify where it is coming from, what is the health status, how is it being stored and others,\u201d he said. <br \/>Mahmood added, \u201cWe inspect the cold rooms and we have inspectors in Lagos, Abuja and in other locations who inspect the fish to ensure that it is brought in very good condition.\u201d <br \/>He further stated that the Federal Government was supporting the local production of fish in various ways. <br \/>He said, \u201cWe train those in the artisanal sector, provide them with inputs and sometimes we boost our rivers with fingerlings. In terms of aquaculture, we establish fish farm estates for youths and women. We also provide them with feeds. <\/p>\n<div class=\"ad-container desktop-only margin-top margin-bottom\">\n<div class=\"ad-container-inner\">\n<div id=\"div-gpt-ad-1652278950647-0\" class=\"punch-admanager\"> <\/div><\/div>\n<\/div>\n<div class=\"ad-container mobile-only margin-top margin-bottom\">\n<div class=\"ad-container-inner\">\n<div id=\"div-gpt-ad-1652282720550-0\" class=\"punch-admanager\"> <\/div><\/div>\n<\/div>\n<p><i class=\"bi bi-tags-fill\"><\/i> Tags: <br \/>Kindly share this story:<br \/> All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.<br \/>Contact: <a href=\"\/cdn-cgi\/l\/email-protection#88fce0ededece1fce7fac8f8fde6ebe0e6efa6ebe7e5\"> theeditor[at]punchng.com <\/a> <br \/> punchng.com &copy; 1971- 2022 Punch Nigeria Limited <\/p>\n<p><a href=\"https:\/\/punchng.com\/2-4-million-metric-tonnes-fish-imports-depleting-nigerias-forex-fg\/\">source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breaking News40 Owo massacre victims get mass burial FridayKindly share this story: Nigeria imports about 2.4 million metric tonnes of frozen fish annually and this is taking a toll on the country\u2019s foreign exchange reserves, the Federal Government lamented on Monday. Speaking to journalists on the sidelines of the Internal Coordination Meeting of Implementation of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1303,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>2.4 million metric tonnes fish imports depleting Nigeria\u2019s forex \u2013FG - Punch Newspapers - City Watch<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citywatch.ng\/?p=1302\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2.4 million metric tonnes fish imports depleting Nigeria\u2019s forex \u2013FG - Punch Newspapers City Watch\" \/>\n<meta property=\"og:description\" content=\"2.4 million metric tonnes fish imports depleting Nigeria\u2019s forex \u2013FG - Punch Newspapers City Watch %\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citywatch.ng\/?p=1302\" \/>\n<meta property=\"og:site_name\" content=\"City Watch\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/web.facebook.com\/profile.php?id=100083282987806\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-14T09:45:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/citywatch.ng\/wp-content\/uploads\/2022\/06\/wp-header-logo-113.png\" \/>\n\t<meta property=\"og:image:width\" content=\"739\" \/>\n\t<meta property=\"og:image:height\" content=\"420\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/citywatch.ng\/?p=1302#article\",\"isPartOf\":{\"@id\":\"https:\/\/citywatch.ng\/?p=1302\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\/\/citywatch.ng\/#\/schema\/person\/6f3e02bc6483df72f5abc6e9624d0cc8\"},\"headline\":\"2.4 million metric tonnes fish imports depleting Nigeria\u2019s forex \u2013FG &#8211; Punch Newspapers\",\"datePublished\":\"2022-06-14T09:45:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/citywatch.ng\/?p=1302\"},\"wordCount\":483,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/citywatch.ng\/#organization\"},\"image\":{\"@id\":\"https:\/\/citywatch.ng\/?p=1302#primaryimage\"},\"thumbnailUrl\":\"https:\/\/citywatch.ng\/wp-content\/uploads\/2022\/06\/wp-header-logo-113.png\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/citywatch.ng\/?p=1302#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/citywatch.ng\/?p=1302\",\"url\":\"https:\/\/citywatch.ng\/?p=1302\",\"name\":\"2.4 million metric tonnes fish imports depleting Nigeria\u2019s forex \u2013FG - Punch Newspapers - City Watch\",\"isPartOf\":{\"@id\":\"https:\/\/citywatch.ng\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/citywatch.ng\/?p=1302#primaryimage\"},\"image\":{\"@id\":\"https:\/\/citywatch.ng\/?p=1302#primaryimage\"},\"thumbnailUrl\":\"https:\/\/citywatch.ng\/wp-content\/uploads\/2022\/06\/wp-header-logo-113.png\",\"datePublished\":\"2022-06-14T09:45:33+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/citywatch.ng\/?p=1302#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/citywatch.ng\/?p=1302\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/citywatch.ng\/?p=1302#primaryimage\",\"url\":\"https:\/\/citywatch.ng\/wp-content\/uploads\/2022\/06\/wp-header-logo-113.png\",\"contentUrl\":\"https:\/\/citywatch.ng\/wp-content\/uploads\/2022\/06\/wp-header-logo-113.png\",\"width\":739,\"height\":420},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/citywatch.ng\/?p=1302#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/citywatch.ng\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"2.4 million metric tonnes fish imports depleting Nigeria\u2019s forex \u2013FG &#8211; Punch Newspapers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/citywatch.ng\/#website\",\"url\":\"https:\/\/citywatch.ng\/\",\"name\":\"City Watch\",\"description\":\"People . Politics . Places\",\"publisher\":{\"@id\":\"https:\/\/citywatch.ng\/#organization\"},\"alternateName\":\"City Watch Nigeria\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/citywatch.ng\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/citywatch.ng\/#organization\",\"name\":\"City Watch\",\"alternateName\":\"City Watch Nigeria\",\"url\":\"https:\/\/citywatch.ng\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/citywatch.ng\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/citywatch.ng\/wp-content\/uploads\/2024\/01\/CITY-WATCH-logo2-11.jpg\",\"contentUrl\":\"https:\/\/citywatch.ng\/wp-content\/uploads\/2024\/01\/CITY-WATCH-logo2-11.jpg\",\"width\":696,\"height\":696,\"caption\":\"City Watch\"},\"image\":{\"@id\":\"https:\/\/citywatch.ng\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/web.facebook.com\/profile.php?id=100083282987806\"],\"publishingPrinciples\":\"https:\/\/citywatch.ng\/?page_id=3849\",\"ownershipFundingInfo\":\"https:\/\/citywatch.ng\/?page_id=3849\",\"actionableFeedbackPolicy\":\"https:\/\/citywatch.ng\/?page_id=3849\",\"correctionsPolicy\":\"https:\/\/citywatch.ng\/?page_id=3849\",\"ethicsPolicy\":\"https:\/\/citywatch.ng\/?page_id=3849\",\"diversityPolicy\":\"https:\/\/citywatch.ng\/?page_id=3849\",\"diversityStaffingReport\":\"https:\/\/citywatch.ng\/?page_id=3849\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/citywatch.ng\/#\/schema\/person\/6f3e02bc6483df72f5abc6e9624d0cc8\",\"name\":\"Editor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/citywatch.ng\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3bf4e084e8705b15a6bc090d68d4735851815e1058e5ca91c84b4619ae12ca90?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3bf4e084e8705b15a6bc090d68d4735851815e1058e5ca91c84b4619ae12ca90?s=96&d=mm&r=g\",\"caption\":\"Editor\"},\"sameAs\":[\"https:\/\/citywatch.ng\"],\"url\":\"https:\/\/citywatch.ng\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"2.4 million metric tonnes fish imports depleting Nigeria\u2019s forex \u2013FG - Punch Newspapers - City Watch","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/citywatch.ng\/?p=1302","og_locale":"en_US","og_type":"article","og_title":"2.4 million metric tonnes fish imports depleting Nigeria\u2019s forex \u2013FG - Punch Newspapers City Watch","og_description":"2.4 million metric tonnes fish imports depleting Nigeria\u2019s forex \u2013FG - Punch Newspapers City Watch %","og_url":"https:\/\/citywatch.ng\/?p=1302","og_site_name":"City Watch","article_publisher":"https:\/\/web.facebook.com\/profile.php?id=100083282987806","article_published_time":"2022-06-14T09:45:33+00:00","og_image":[{"width":739,"height":420,"url":"https:\/\/citywatch.ng\/wp-content\/uploads\/2022\/06\/wp-header-logo-113.png","type":"image\/png"}],"author":"Editor","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Editor","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/citywatch.ng\/?p=1302#article","isPartOf":{"@id":"https:\/\/citywatch.ng\/?p=1302"},"author":{"name":"Editor","@id":"https:\/\/citywatch.ng\/#\/schema\/person\/6f3e02bc6483df72f5abc6e9624d0cc8"},"headline":"2.4 million metric tonnes fish imports depleting Nigeria\u2019s forex \u2013FG &#8211; Punch Newspapers","datePublished":"2022-06-14T09:45:33+00:00","mainEntityOfPage":{"@id":"https:\/\/citywatch.ng\/?p=1302"},"wordCount":483,"commentCount":0,"publisher":{"@id":"https:\/\/citywatch.ng\/#organization"},"image":{"@id":"https:\/\/citywatch.ng\/?p=1302#primaryimage"},"thumbnailUrl":"https:\/\/citywatch.ng\/wp-content\/uploads\/2022\/06\/wp-header-logo-113.png","articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/citywatch.ng\/?p=1302#respond"]}]},{"@type":"WebPage","@id":"https:\/\/citywatch.ng\/?p=1302","url":"https:\/\/citywatch.ng\/?p=1302","name":"2.4 million metric tonnes fish imports depleting Nigeria\u2019s forex \u2013FG - Punch Newspapers - City Watch","isPartOf":{"@id":"https:\/\/citywatch.ng\/#website"},"primaryImageOfPage":{"@id":"https:\/\/citywatch.ng\/?p=1302#primaryimage"},"image":{"@id":"https:\/\/citywatch.ng\/?p=1302#primaryimage"},"thumbnailUrl":"https:\/\/citywatch.ng\/wp-content\/uploads\/2022\/06\/wp-header-logo-113.png","datePublished":"2022-06-14T09:45:33+00:00","breadcrumb":{"@id":"https:\/\/citywatch.ng\/?p=1302#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/citywatch.ng\/?p=1302"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/citywatch.ng\/?p=1302#primaryimage","url":"https:\/\/citywatch.ng\/wp-content\/uploads\/2022\/06\/wp-header-logo-113.png","contentUrl":"https:\/\/citywatch.ng\/wp-content\/uploads\/2022\/06\/wp-header-logo-113.png","width":739,"height":420},{"@type":"BreadcrumbList","@id":"https:\/\/citywatch.ng\/?p=1302#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/citywatch.ng\/"},{"@type":"ListItem","position":2,"name":"2.4 million metric tonnes fish imports depleting Nigeria\u2019s forex \u2013FG &#8211; Punch Newspapers"}]},{"@type":"WebSite","@id":"https:\/\/citywatch.ng\/#website","url":"https:\/\/citywatch.ng\/","name":"City Watch","description":"People . Politics . Places","publisher":{"@id":"https:\/\/citywatch.ng\/#organization"},"alternateName":"City Watch Nigeria","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/citywatch.ng\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/citywatch.ng\/#organization","name":"City Watch","alternateName":"City Watch Nigeria","url":"https:\/\/citywatch.ng\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/citywatch.ng\/#\/schema\/logo\/image\/","url":"https:\/\/citywatch.ng\/wp-content\/uploads\/2024\/01\/CITY-WATCH-logo2-11.jpg","contentUrl":"https:\/\/citywatch.ng\/wp-content\/uploads\/2024\/01\/CITY-WATCH-logo2-11.jpg","width":696,"height":696,"caption":"City Watch"},"image":{"@id":"https:\/\/citywatch.ng\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/web.facebook.com\/profile.php?id=100083282987806"],"publishingPrinciples":"https:\/\/citywatch.ng\/?page_id=3849","ownershipFundingInfo":"https:\/\/citywatch.ng\/?page_id=3849","actionableFeedbackPolicy":"https:\/\/citywatch.ng\/?page_id=3849","correctionsPolicy":"https:\/\/citywatch.ng\/?page_id=3849","ethicsPolicy":"https:\/\/citywatch.ng\/?page_id=3849","diversityPolicy":"https:\/\/citywatch.ng\/?page_id=3849","diversityStaffingReport":"https:\/\/citywatch.ng\/?page_id=3849"},{"@type":"Person","@id":"https:\/\/citywatch.ng\/#\/schema\/person\/6f3e02bc6483df72f5abc6e9624d0cc8","name":"Editor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/citywatch.ng\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3bf4e084e8705b15a6bc090d68d4735851815e1058e5ca91c84b4619ae12ca90?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3bf4e084e8705b15a6bc090d68d4735851815e1058e5ca91c84b4619ae12ca90?s=96&d=mm&r=g","caption":"Editor"},"sameAs":["https:\/\/citywatch.ng"],"url":"https:\/\/citywatch.ng\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/citywatch.ng\/index.php?rest_route=\/wp\/v2\/posts\/1302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citywatch.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citywatch.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citywatch.ng\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/citywatch.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1302"}],"version-history":[{"count":0,"href":"https:\/\/citywatch.ng\/index.php?rest_route=\/wp\/v2\/posts\/1302\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citywatch.ng\/index.php?rest_route=\/wp\/v2\/media\/1303"}],"wp:attachment":[{"href":"https:\/\/citywatch.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citywatch.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citywatch.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}