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Norway blames rising cost of stockfish in Nigeria on forex ban


The News Agency of Nigeria (NAN) recalls that the Central Bank of Nigeria (CBN) 2015, listed pelagic fish and stockfish among 44 items not valid for Foreign Exchange Window.

Lein told NAN on the sidelines of a two-day seafood seminar in Port Harcourt, that the ban had led to inflated cost of stockfish in Nigeria.

According to him, Nigeria should reconsider its forex denial on stockfish imports as the seafood is highly nutritional and has become a part of the local delicacy.

“Norway is not competing with Nigeria in stockfish production and we have raised two points to this argument with Nigerian government officials.

“One is that Norway understands that Nigeria needs to grow its own fish industry, to which Norway stands ready to assist Nigeria realise.

“But today’s topic is about stockfish, a very particular product which is enjoyed a lot in Nigeria and that cannot be produced here due to climate.

“So, our argument is that we want to work with the Federal Government to grow our trade and at the same time, provide assistance for the Nigerian fish industry to grow,” he said.



Read More : Norway blames rising cost of stockfish in Nigeria on forex ban

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