Oyetola Advocates Sustainable Investments in Fisheries Sector

Dr. Adegboyega Oyetola, serving as the Minister of Marine and Blue Economy, stated that new investments in Nigeria's fisheries sector must enhance the livelihoods of millions engaged in artisanal fishing. During a meeting in Abuja with a Turkish investment team from CRD Impex, led by Cem Tarhan, Oyetola assured the investors of the Federal Government's commitment to fostering an investment-friendly environment.

He highlighted the necessity for investments to be inclusive and sustainable, addressing challenges such as inadequate infrastructure, limited access to modern fishing technology, and weak cold-chain systems. Oyetola noted that these challenges also present opportunities for investors to modernize Nigeria's fisheries value chain.

He called for greater investment in infrastructure, technology, and market access to improve productivity and profitability in the sector. Tarhan indicated that CRD Impex was exploring investment opportunities in Nigeria's fishing sector.