Nigeria: Structured embargo on fish import confirmed

News 09:15 13/09/2014 502
The Federal Ministry of Agriculture and Rural Development announced its decision to commence the structured embargo on the importation of fish.

The circular dated 29 October 2013, which takes full effect from January 2014, targets a 25 per cent annual reduction in fish importation into the country.

In an effort to clarify the extent of the measure, Minister of Agriculture, Dr Akinwumi Adesina explained, "We hereby emphasised that reports of a total ban on fish import is not true and did not originate from the minister, who has emphasised that, at no time did he announce a total ban on the importation of frozen fish into the country," This Day reports.

This measure aims at fighting the large increase of fish imports by various companies operating in Nigeria. This process took place for many years, due to the abrupt decline in Nigeria’s fisheries.

The Federal Government had observed the escalating foreign exchange demand for fish imports since 2005.

“A responsible minister will not stand idly and watch Nigeria’s fisheries sub-sector plunge down the drain while financing other nations’ economies through indiscriminate importation, when the home economy suffers further devastation,” Special Adviser to the Minister on Media, Dr Olukayode Oyeleye, said in a statement, The Nigerian Tribune informs.

The rising imports gave way to malpractices including over-invoicing, foreign exchange capital flight, and ghost import.

Adesina added that the new policy being introduced aims at engaging fish importers in fish farming enterprises like their counterparts in other parts of the world in order to increase local production and reduce fish import.

In this context, the minister also announced the distribution of subsidized fishing equipment as part of a project to support the artisanal sector and aquaculture, to be implemented in the coastal states around the country.

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Vietfish 2026 – A Hub for Innovation, Connectivity, and Sustainable Growth in Vietnam’s Seafood Industry

 |  11:50 07/08/2026

(seafood.vasep.com.vn) Vietfish 2026, the Vietnam International Seafood Exhibition, will officially take place from 19–21 August 2026 in Ho Chi Minh City. As Vietnam’s largest annual seafood trade event, organized by the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietfish 2026 will once again bring together leading seafood companies, industry experts, and international partners from across the global seafood value chain.

Seafood exports stay above US$1.1 billion in July: Growth momentum likely to slow as US tariffs begin to “filter through” to orders

 |  17:09 06/08/2026

(seafood.vasep.com.vn) Vietnam’s seafood exports reached USD 1.1 billion in July 2026, up 4.8% compared to the same period in 2025. Cumulative exports in the first seven months of the year totaled nearly USD 6.86 billion, an increase of 11.5% year-on-year. Exceeding the USD 1 billion mark in July further reinforces the prospect that Vietnam’s seafood exports could surpass USD 12 billion in 2026. However, the July figures also send a clear signal that the most favorable growth period may have passed: overall export growth slowed to just 4.8%, pangasius exports fell 6.1%, tuna exports were virtually flat, while exports to the EU, South Korea, and the Middle East all recorded double-digit declines.

Vietfish 2026 Seminar: Global seafood market trends and the future workforce

 |  11:38 05/08/2026

(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition (Vietfish 2026), the seminar "Global Seafood Market and the Future Workforce: Trends, Opportunities, and Sustainable Development Pathways for Vietnam's Seafood Industry" will take place from 2:00 p.m. to 4:15 p.m. on August 19, 2026, at Convention Room B, Level 2, SECC, Ho Chi Minh City. This is the first of five specialized seminars at Vietfish 2026, focusing on key issues that are shaping the long-term development of Vietnam's seafood industry.

Creating momentum for double-digit growth

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(seafood.vasep.com.vn) Vietnamese seafood exports recorded impressive growth, generating nearly 6 billion USD in revenue during the first six months of the year, up 13% compared with the same period last year.

In the first six months of the year, Ha Tinh province earned over 1.2 trillion VND from seafood exploitation

 |  14:55 28/07/2026

(seafood.vasep.com.vn) Fishermen in Ha Tinh are gradually overcoming difficulties to maintain the efficiency of seafood exploitation. In the first six months of 2026, the entire province achieved a production of more than 23,000 tons of seafood, worth more than 1,200 billion VND.

Tuna exports in the first half of 2026: One month of strong growth is not enough to ease mounting pressure

 |  08:35 26/07/2026

(seafood.vasep.com.vn) June 2026 brought encouraging signs for Vietnam's tuna exports, with export value rising 20% year-on-year to nearly USD 72 million. However, this increase has yet to offset the prolonged slowdown seen in key markets such as the European Union (EU), where import demand remains weak. The outlook for the second half of the year is expected to become more challenging as freight rates continue to climb.

Vietfish 2026 Domestic B2B Program: connecting supply and demand to bring high-quality Vietnamese seafood closer to local consumers

 |  15:24 24/07/2026

(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition (Vietfish 2026), the Vietnam Association of Seafood Exporters and Producers (VASEP), in collaboration with the Agency for Domestic Market Management and Development under the Ministry of Industry and Trade, will organize the Domestic Seafood Supply–Demand Matching Program on the morning of August 20, 2026, at the Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City. The program aims to foster direct business connections between Vietnamese seafood producers and processors and domestic distributors, retailers, and foodservice channels.

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 |  15:15 24/07/2026

(seafood.vasep.com.vn) The Cooking Show will be one of the most engaging experiential highlights of Vietfish 2026. Taking place over three days, from August 19–21, 2026, at Hall B1, SECC, Ho Chi Minh City, the event will offer visitors a vibrant culinary space where Vietnamese seafood is showcased through its flavors, stories, and real-life culinary applications.

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 |  08:16 23/07/2026

(seafood.vasep.com.vn) Vietnam's pangasius exports reached USD 205 million in June 2026, up 5% compared with the same month in 2025. Cumulative export value for the first six months of the year totaled USD 1.1 billion, an increase of 12% year-on-year. Growth was primarily driven by strong demand from China and CPTPP markets, while exports to the United States and Brazil continued to decline.

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(seafood.vasep.com.vn) In the first six months of 2026, Ha Tinh province continued to implement comprehensive solutions to combat IUU fishing; strictly manage the fishing fleet, control fishing vessels entering and leaving ports, operate vessel tracking devices, trace the origin of seafood, and severely punish violations.

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