FASA Continues to Strengthen Food Security, Economic Growth in Nigeria
Aquaculture is a growing industry in Nigeria, playing a crucial role in enhancing food security, nutrition, and livelihoods. As fish farming grows, so does the demand for quality feed—an essential input that directly influences productivity and profitability. However, high feed costs remain a major challenge, with expenses accounting for 60% to 70% of total production costs for many farmers.
The rising cost of fish feed is a significant concern in Nigeria, with prices surging from N3,500 per bag in 2012 to N42,000 today. Consequently, many small-scale farmers struggle to maintain profitable operations.
Recently, the Lagos State Fish Farmers Association (CAMS), Alimosho chapter, called on the government to provide urgent assistance to struggling fish farmers. Mr. Smart Okeke, the immediate past president of CAMS, emphasized that strategic government support could transform Nigeria’s fish farming sector, creating jobs and significantly contributing to economic growth.