Catfish-farming project aimed at reversing Nigeria’s declining aquaculture output

Frozen Whole Catfish

Seafood

Nigeria

Market & Price Trends

Innovation & Technology

Published Dec 8, 2023

Tridge summary

Nigeria is partnering with development organizations to implement a catfish farming project in response to declining aquaculture production. Factors contributing to the decline include increased production costs and a decline in domestic seafood demand. The project aims to strengthen Nigeria's aquaculture sector by improving access to key export markets, enhancing productivity, and supporting domestic production of high-quality fish seed and feed.

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Original content

In response to a regression of aquaculture production levels over the past seven years, Nigeria is teaming up with development partners to implement a catfish farming project aiming to reverse the downward trend.Aquaculture production in the West African nation hit an all-time high of about 316,000 metric tons (MT) in 2015 but gradually declined to 290,000 MT in 2019 before spiraling to 261,700 MT in 2020, according to the Food and Agriculture Organization (FAO). Experts have attributed these falling aquaculture output figures to increased production costs and a decline in domestic seafood demand due to persistently high inflation levels and devaluation of the local currency.The high costs of production – especially in regard to accessing affordable, high-quality fish feed – have forced many Nigerian fish farmers to switch to inferior feed over the past decade, resulting in decreased harvest sizes and overall output. These factors have led the Nigerian government and partners such ...

Source: Seafoodsource