Catfish Farmers Association of Nigeria, Edo chapter, has charged the Federal Government to urgently address the problem of insecurity and high cost of diesel to boost catfish production.<\/p>\n\n\n\n
The state Chairman of the association, Mr Benjamin Okpere, made he call during an interactive session with newsmen in Benin on Monday.<\/p>\n\n\n\n
Okpere said that catfish production was under serious threat due to the high cost of diesel, insecurity and high interest and exchange rates.<\/p>\n\n\n\n
He said: \u201cCatfish business was thriving until last year when the economic realities became terrible for many farmers.<\/p>\n\n\n\n
\u201cAs we speak, because of the high cost of production, profit margin has reduced, while a lot of farmers have stopped production.<\/p>\n\n\n\n
\u201cAlso, those in business have reduced their stockings because prices of inputs have doubled in the last one year.\u201d<\/p>\n\n\n\n
Okpere said that factories that operated on diesel-powered generators had resorted to petrol with drastic cut in their operating hours.<\/p>\n\n\n\n
He said that the delopment had resulted in a significant drop in production.<\/p>\n\n\n\n
He further contended that farmers were also grappling with the scarcity and high cost of feed.<\/p>\n\n\n\n
He blamed the ugly situation on the high exchange rate and drop in maize production due largely to insecurity in the North.<\/p>\n\n\n\n
According to him, Federal Government needs to tackle these challenges because they are the root cause of the problem facing farmers.<\/p>\n\n\n\n
Okpere, however, commended Gov. Godwin Obaseki for the different interventions in the sector.<\/p>\n\n\n\n
\u201cThere is a cluster project introduced by the State Government.<\/p>\n\n\n\n
\u201cThe government also gave inputs to farmers, ranging from fingerlings to feeds, to take them to full cycle.<\/p>\n\n\n\n
\u201cI am also aware of the Micro, Small and Medium Enterprises Fund by the Bank of Industry provided to farmers at six per cent interest rate.<\/p>\n\n\n\n
\u201cThat is a huge incentive.<\/p>\n\n\n\n
\u201cEdo State Government has tried for farmers but we still operate within a macro environment controlled by the Federal Government,\u201d Okpere said.<\/p>\n\n\n
Catfish Farmers Association of Nigeria, Edo chapter, has charged the Federal Government to urgently address the problem of insecurity and high cost of diesel to boost catfish production. The state Chairman of the association, Mr Benjamin Okpere, made he call during an interactive session with newsmen in Benin on Monday. Okpere said that catfish production […]<\/p>\n","protected":false},"author":2,"featured_media":16387,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[701],"tags":[1473],"class_list":["post-43999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agriculture","tag-catfish","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n