The Nigerian Government said it would from next year add fish products to the list import products under ban, as the country currently loses 97 billion naira annually in foreign exchange on importation, according to Agriculture Minister Akinwumi Adeshina (US$1=157 Naira).
Dr. Adeshina was quoted by the private Guardian newspapers Wednesday as saying the expected ban would be effected when the government’s transformation agenda, aimed at restoring the lost glory of agriculture as the leading sector of the economy, comes into force.
The minister said the new agenda of the government was aimed at creating an increase in the supply of raw materials for agro industries, create employment, conserve foreign exchange through import substitution, local consumption and national food security.
He said government has approved the distribution of 17.6 billion naira among flood devastated states, so as to prevent the anticipated food crisis next year.
“We can assure the people that there would not be food crisis, as another N9.7 billion initiatives for food production have been put in place,” the minister said.