Fisheries/Aquaculture

🇺🇸USD/NGN₦1,365.69
🇬🇧GBP/NGN₦1,857.07
🇺🇸USD/NGN₦1,365.69
🇬🇧GBP/NGN₦1,857.07
🇪🇺EUR/NGN₦1,611.93
🇯🇵JPY/NGN₦8.69
🇨🇦CAD/NGN₦997.72
🇦🇺AUD/NGN₦955.66
🇨🇳CNY/NGN₦196.81
🇸🇦SAR/NGN₦364.14
🇿🇦ZAR/NGN₦84.72
🇺🇸USD/NGN₦1,365.69
🇬🇧GBP/NGN₦1,857.07
🇪🇺EUR/NGN₦1,611.93
🇯🇵JPY/NGN₦8.69
🇨🇦CAD/NGN₦997.72
🇦🇺AUD/NGN₦955.66
🇨🇳CNY/NGN₦196.81
🇸🇦SAR/NGN₦364.14
🇿🇦ZAR/NGN₦84.72

Fisheries & Aquaculture in Nigeria

Overview

Fisheries and aquaculture are essential to Nigeria’s food system, providing a major source of animal protein and supporting millions of livelihoods. The sector includes inland fishing, marine fishing, and fish farming, with aquaculture rapidly expanding to meet growing demand.

Production Systems

Nigeria’s fisheries sector consists of artisanal, industrial, and aquaculture systems. Artisanal fishing dominates inland waters and coastal regions, while aquaculture—especially catfish and tilapia farming—is growing rapidly due to its profitability and scalability.

Economic Importance

The sector contributes to employment, income generation, and food security. Fish is a staple protein source in Nigeria, and the industry supports related activities such as feed production, processing, cold storage, and distribution.

Challenges

Challenges include overfishing, water pollution, inadequate infrastructure, high cost of fish feed, and limited access to finance. Climate change also impacts water ecosystems and fish production levels.

Future Outlook

With rising demand for fish, aquaculture presents significant investment opportunities. Improved technologies, better feed systems, and government support can drive rapid expansion and reduce fish imports.

🇳🇬 Nigeria Commodity Prices

Current vs previous market prices (₦/kg & 50kg)

Commodity ₦/kg (Current) ₦/kg (Previous) Change ₦/50kg (Current) ₦/50kg (Previous)
Rice (Local) 1200 1500 45000 57500
Beans (White) 1500 1800 60000 80000
Maize 900 1250 36000 47000
Garri 950 1100 34000 42000
Millet 700 900 32000 45000
Sorghum 750 900 36000 45000
Soybeans 1300 1600 55000 80000
Yam (Tuber) 1000 1200 25000 32500
Tomatoes (Dry) 720 1000 36000 50000
Pepper (Dry) 950 1200 46000 60000
Explore live prices of commodities
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