World Bank Funding to Boost Fish Production
The Federal Government of Nigeria has secured a $200 million financing commitment from the World Bank to support the country’s fish production sector.
The funding will be channeled through state governments, enabling local authorities to invest in aquaculture projects and infrastructure that increase domestic fish output.
Officials say the initiative is part of a broader strategy to reduce Nigeria’s dependence on imported fish and to strengthen the national aquaculture industry.
By boosting local production, the government aims to improve food security and create jobs in rural communities across the country.
Nigeria, Africa’s most populous nation, is looking to the aquaculture sector as a key driver of economic growth and self‑sufficiency.
<small>Source: AllAfrica Nigeria — read the original story there.</small>