Norway begs Nigeria to remove stockfish from forex ban list » Bazefor9ja.ComBazefor9ja.Com

Norway begs Nigeria to remove stockfish from forex ban list

6 🕐 Min Read


The Norwegian Seafood Council has appealed to the Nigerian government to remove stockfish from the list of items not eligible for foreign exchange.


Odd-Emil Ingebrigtsen, the Norwegian minister of fisheries, said there is a need to make forex accessible for the importation of stockfish.


“Today Nigeria is Norway’s largest market for stock-fish,” NAN quoted the minister to have said.


“As the Norwegian minister of fisheries, my target is to create access for Norwegian Seafood.

“I would like to appreciate the Nigerian government for lowering the import duties for stock-fish head from 10 percent to five percent, thus bringing the cost of the commodity down.


“We would also want you to remove stock-fish from the list of products of foreign exchange barriers.”


Trond Kostveit, who convened the seminar on behalf of the council, said the commodity is important in the Nigerian diet.


“In 2014, the government of Nigeria placed some 41 products as unqualified for forex unfortunately stockfish falls under the category.


“The placement of all kinds of fish under the forex embargo, I believe, is to boost local fish production which is quite understable.


“Unfortunately, stockfish is very important to the Nigerian diet, hence we appeal for its removal from the forex embargo.


“There are very many good reasons why we must take off stockfish from the list, hence the reason for the seminar organised the Norwegian Seafood Council.”

Ime Umoh, who represented the minister of agriculture rural development, said there is a need for collaboration between governments of Norway Nigeria to boost aquaculture production .


“The total fish production is about 1.123 million metric tons, which included imported fish. But these still do not satisfy the total national fish dem,” Umoh said.


“The volume of stockfish stockfish heads, imported from Norway into Nigeria is only about 8,000 metric tons this represents about 0.4 percent of the total volume of fish import.


this, it could be said that the total volume of foreign exchange consumed this product is very minimal.


 “The sales consumption of stock-fish has created an important niche for itself.


“Stockfish has given employment to many many livelihoods depend on it in across the .”


He said that despite the fact that the government needs to reduce the nation’s import bills, “we need to take cognisance of the importance of cheap affordable protein other nutrients for the Nigerian populace’’.


According to him, while initiating policies regulations, there is a need to be aware of the reciprocity of trade among nations.


 “The fact is that we also involve our trading partners, like Norway, to assist us backward integration process into commercial aquaculture,’’ he said.


The CBN had on June 23, 2015, placed a ban on providing forex for the importation of 41 items to conserve reserves encour local production of the items.

Read Latest Nigeria News At News.Bazefor9ja.Com

 16 total views,  2 views today

Share This Post

About the author

Simon Dahboss

Strictly For Biz, 08162470398 || Always Visit Bazefor9ja.Com For Latest Update News And Music | Simon Dahboss.

Leave a Comment