Monday , June 17 2024


Former President Chief Olusegun Obasanjo has raised concerns about high diesel costs, saying the development is having a negative impact on his fish business.

He was speaking at a South-West Fish Farmers Price sustainability conference Tuesday at his residence in Abeokuta. Group, noting that fish farmers in the country could be put out of business due to daily increases in fish feed prices and the cost of diesel.

Obasanjo said: “The current diesel price is 800N per liter, the production of
kilograms of fish is 1,400 Naira. In order to make a very small profit, the farmers must sell no less than 1,500 naira, since anything else is an absolute loss.

“The price of diesel has gone up because this country is not managed as it should be.”And it’s as simple as that. So what’s going to happen is, particularly those of us who have to use a little bit of diesel to produce fish, we’re going to go completely out of business and when that happens Nigerians will still have to eat fish.

“Fish production will be out of our reach and then people will produce fish outside of Nigeria and dump it here. And they will remain unemployed, poor and destitute. So what do we have to do?We want to sustain fish production and we need to be able to take care of those who are going to eat it and those who we produce.”

Obasanjo said he was sweating over the high cost of diesel.

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