Every Investors have the opportunity to establish a fish farming business in Nigeria. Nigerians are large consumers of fish and it remains one of the main products consumed in terms of animal protein. Only around 20% of demand for fish is currently being met by local supply. The fisheries sector is estimated to contribute 3.5% of Nigeria’s GDP and provides direct and indirect employment to over six million people. Nigeria has many rivers and water bodies which would serve as good locations to set-up fish
farms.
Opportunities exist in various areas of the fishing sub-sector, these include: Production of table size fish, Construction of fish farms, Storage Processing and preservation of captured fish. Fish seed multiplication Transport Financing Reasons to invest in Nigeria Incentives: The Nigerian Government is willing to extend a number of incentives to serious investors. These include the provision of land and infrastructure, tax holidays and assistance with obtaining financing. Labour: construction of the fishery industry that can employ unemployed citizens of Nigeria. Cargo terminal: A new cargo terminal at the
Ilorin International Airport will soon be completed and will allow for goods to be ransported via air, both locally and internationally. Power supply: Due to the recent completion of the Ganmo sub-station, Nigeria currently enjoys very close to 24 hours a day of uninterrupted power supply.
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