The Potential of Aquaculture fisheries on Economic Diversification of Nigeria

Abstract

The study examines the potential of aquaculture fisheries on economic diversification of Nigeria using desktop (review study) approach.  Nigeria’s over reliance on crude oil for its wealth and the fall in the price of crude oil in the international market is the main issue which  makes the diversification of the economy highly desirable. Diversifying the economy to other sectors like agriculture, particularly, the  aquaculture fishery production deserves attention. Taking a cue from the model of China and Norway, aquaculture fishery if well  developed in Nigeria can provide job opportunities as well as investment opportunities in feed mills, equipment manufacturing, among  others.