FISHERY/AQUACULTURE DEVELOPMENT IN NIGERIA

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. Labor: 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
transported 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.
Many business owners are delighted by the
fact that they have to make very little use of generators. Political will: The government of Nigeria
is devoted to creating an enabling
environment for business and investment.
The country is also committed to continuity of
policies which will ensure that an investor
friendly environment remains even after the end of the current administration's tenure. Investment insurance: Nigeria is a member
of MIGA (Multilateral Investment Guarantee
Agency) and the ICSD (International Centre
for Settlement of Investment Disputes). Contact Details Investors interested in this opportunity should contact kingsway Agro Services or call us on 08032861326.

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