The congress which was held in Ibadan, dwelt on how aquaculture
business in Nigeria can be sustained amid the rising costs of fish
feeds and the irregular prices attached to fish products, as well as
how consumers are affected. These, according to the Association is
threatening fish production in the country.


Speaking exclusively to AgroNigeria, CAFAN President, Mr. Rotimi
Olibale, said the rise in the cost of production in the country
necessitated the meeting to create a bigger platform for other farmers
not in the association so as to agree on the way forward for the
industry.

“Our cost of production has gone out of reach, and because we are in
an economic recession, the purchasing power of the populace has also
gone down, so the farmers as producers of food, should ensure security
of the populace. So we came together to compare notes, to see how we
can better produce our fish at a lower cost,” he said.
Olibade further noted that “We are still below the United Nations (UN)
recommended consumption of fish packaging. We are about 13 to 14 per
cent whereas the UN standard is 20 per cent capital. So if we don’t
address these situations, the industry would be killed.”


Also speaking, the General Manager, Durante lndustries, Dr Tomi Asuni,
who is also part of the conveners, allayed the fears of many regarding
the issue of price fixing for fish products, which was discussed as a
way of regulating the market.


“What has been happening is that farmers have been selling below their
cost price. So what we are trying to do is to establish people’s
individual cost prices and having that as a minimum selling price so
that farmers do not sell at a loss, rather,

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OK. but make una no catch my sister with net i