Fish import to Nigeria drops by 5.9% from ₦3.4 billion to ₦3.2 billion in 1 year

However, the foreign exchange (Forex) restrictions placed by the Central Bank of Nigeria (CBN) on some items, including stock fish have affected the seafood trade relations between the two countries.

Fish importation into the country from Norway dropped by 5.9% from ₦3.4 billion in 2021 to ₦3.2 billion in 2022 following the foreign exchange (Forex) restriction.

Yesterday, the Director for Africa for the Norwegian Seafood Council, Mr. Tronds Kostveit while speaking at Council’s seminar in Lagos, confirmed Nigeria’s position as the largest importer of Norwegian seafood, adding that the country imported a total of 43,251 metric tons of various fishes last year.