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TADAN: $1 Billion Investment Could Cut Nigeria’s Fish Imports by 50% in Four Years

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$1 Billion Low-Interest Investment Could Halve Nigeria’s Fish Imports in Four Years — TADAN

The Tilapia Aquaculture Developers Association of Nigeria (TADAN) has stated that a strategic investment of $1 billion at a concessional interest rate of 0–2% could reduce Nigeria’s annual fish imports by 50% within four years.

Speaking at a media briefing in Lagos, the association’s National Vice President described Nigeria’s fish import bill—estimated at over N1.8 trillion annually—as unsustainable. He emphasized that Nigeria’s marine wealth is vastly underutilized, with over 1.2 million metric tons of frozen fish imported yearly, valued at more than $1.2 billion.

“With a properly structured $1 billion investment, we could significantly reduce imports, create jobs, conserve foreign exchange, and unlock our aquaculture potential,” he said.

Despite the recent creation of the Ministry of Marine and Blue Economy, TADAN noted that the fishing and aquaculture sectors have seen little meaningful progress. The association criticized the lack of targeted engagement and the minimal representation of aquaculture in national development planning.

TADAN also raised concerns about mismanagement in donor-funded initiatives. It blamed falsified impact reports and the lack of post-project evaluations for Nigeria’s inability to access current global development grants. Many past interventions, they noted, have failed due to poor implementation.

The association highlighted seaweed farming as a missed opportunity. Despite Nigeria’s favorable environment, the country has yet to tap into this global industry, currently valued at $20 billion and projected to hit $32 billion by 2032. Development grants for the sector, it said, often end up with academics or consultants with no tangible results.

While commending Lagos State’s APPEALS project, backed by the World Bank, for its success, TADAN noted that its scale is insufficient to impact Nigeria’s broader aquaculture ecosystem.

On exports, the association said local fish varieties like tilapia and catfish remain uncompetitive internationally due to high production costs exceeding $1 per kilogram. Only high-value products like shrimp offer real export potential.

TADAN also cited the high yields from government bonds (18–20%) as a disincentive for investors to consider aquaculture, which is often perceived as high-risk due to inflation and infrastructure deficits.

For new entrants, TADAN recommended focusing on support services—such as logistics, marketing, and distribution—rather than jumping into capital-heavy fish farming.

“Begin where you can build trust and market traction. Partner with farmers and reduce exposure while delivering value,” the vice president advised.

In closing, TADAN urged the Nigerian government and development partners to treat aquaculture as a critical pillar of the blue economy. Strategic investment in the sector, the association said, could enhance food security, reduce import dependence, create jobs, and build a resilient local industry.

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Discover Life-Changing Digital Products You Can Buy on Selar Today

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In today’s fast-paced world, knowledge truly is power. The people who thrive are those who continuously invest in themselves. Whether you want to learn a new skill, start a side hustle, improve your finances, or build a healthier lifestyle, the right digital product can open doors to opportunities you never imagined.

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Don’t wait—take action today. Each product listed above is designed to equip you with skills, knowledge, and opportunities that will continue to pay off for years to come.

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Discover Life-Changing Digital Products You Can Buy Today on Selar

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In today’s world, knowledge is power—and the people who succeed are those who invest in themselves. Whether it’s learning a new skill, starting a side hustle, improving your finances, or building a healthier lifestyle, the right digital product can open doors to opportunities you never imagined.

That’s why millions of smart people across Africa and beyond are turning to Selar, one of the biggest marketplaces for digital products—from ebooks, online courses, masterclasses, templates, to business blueprints and more.

Why You Need These Digital Products

  1. Instant Access – No waiting, no shipping. Buy now and start learning or applying immediately.
  2. Affordable Investment – Instead of spending years figuring things out, you can learn from experts who’ve already succeeded.
  3. Proven Results – These products are created by professionals who have tested strategies and methods that actually work.
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Who Can Benefit from These Products?

  • Business owners who want to grow sales, attract more customers, and scale faster.
  • Students and young professionals looking to learn in-demand skills like digital marketing, UI/UX, forex, or freelancing.
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  • Anyone who wants to improve in health, wealth, and personal development.

How to Get Started

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Final Thoughts

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Take action today by choosing from the products above. Each one is designed to equip you with skills, knowledge, and opportunities that will pay off for years to come.

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We are Hiring: Social Media Growth Ambassadors (2 Positions)

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Remote | Part-Time or Flexible Hours

Are you active on social media and passionate about business, jobs, and opportunities?
Do you know how to attract attention, spark engagement, and drive traffic online?
Then this opportunity is for you!

Role Overview:

We are looking for 2 dynamic individuals to serve as Social Media Growth Ambassadors for GlobabizEmpire.com — a trusted online platform for global jobs, business insights, and income opportunities.

Key Responsibilities:

  • Promote GlobabizEmpire.com consistently on Facebook, Instagram, WhatsApp, TikTok, or X

  • Share daily job updates, business news, and smart money tips from the website

  • Drive website traffic using content, trends, reels, and referral links

  • Respond to DMs/comments and convert viewers into website visitors

  • Provide weekly reports on reach, impressions, and traffic performance

What You’ll Need:

  • A strong presence on social media (min. 2,500 followers on at least one platform)

  • Great communication skills and social media creativity

  • Consistency and accountability

  • Passion for helping people grow their careers or income

What You’ll Get:

  • Monthly stipend + performance-based bonus

  • Opportunity to grow your personal brand with us

  • Free digital training + content materials

  • Certificate of Digital Advocacy (upon successful campaign)

How to Apply:

Send us a message with:

  1. Your full name

  2. Link to your active social media profiles

  3. Short message on why you are the perfect fit

  4. Screenshot of your past engaging post (if available)

Email: [email protected]
WhatsApp: +234 8153507382
Deadline: August 22, 2025

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