This development became public, when Abia state, the fourth in the zone to have its Catfish Farmers Association (CAFAN) formally inaugurated by the National President, Mr. Tayo Akingbolagun in Umuahia, saying that the south east zone has great potential to make success of fish farming.
CAFAN has been inaugurated in almost all the southeast states and Delta, whose representatives including those of Akwa Ibom attended the Abia state inauguration.
Akingbolagun said that Catfish farming will create over 500,000 jobs with substantial number in the south east, when this annual national target of one million metric tons of Catfish becomes realised by 2018.
He said that actualising this target was hinged on the federal government’s Agricultural Transformation Agenda that set into motion an articulated Aquaculture Value Chain Development programme and its involvement in a five-year aquaculture development plan in collaboration with the Food and Agriculture Organization (FAO), which will be private sector driven.
Akingbolagun said that Nigeria’s potential for aquaculture is about four million metric tons annually with consumption estimate of 2.66 million tons adding that about 1.44 million tons of fish amounting to N100 billion annually are imported against the total nation’s production figure of 780,000 metric tons.
According to him, Nigeria has a coastline of about 853 kilometers with suitable enormous water resources favoring aquaculture and available aquaculture production area of 1.7 million hectares.
He therefore urged south easterners to engage in aquaculture saying “ the challenges in the fisheries sub sector should be seen as untapped opportunities waiting to be explored.”
The state resident Federal Director of Agriculture, Ebere Oziri, who said that about $500 million was expended in importing fish annually into the country, will be channeled to other sectors when the national target is achieved.
He said the inauguration of fish farming in the zone will help the fish farmers to form a common front through which they will attract government assistance. “It is when they come together that the cost of fish feeds will be reduced hence government has been willing to subsidise fish feeds in order to ultimately.
Announcing Abia state government support, the State Commissioner for Agriculture, Mr. Ike Onyenweaku said that under the Aquaculture Action Plan, the state government will provide baseline data of both farmers and potentials of the state in Aquaculture, train farmers along all the Value Chain in Aquaculture, provide them fish seeds and other needed inputs, help them to have access to the Nigerian Incentive-Based Risk-Sharing System of Agricultural Lending fund , provide land and Infrastructure for the establishment of fish markers/processing centres in all the 17 LGAs of the state.
State CAFAN Chairman, Prince George Akomas, who said that the members had the potentials to succeed, described the state chapter inauguration as one that will actualise government intentions towards, produce protein at affordable price to the people , pledging that they will work towards reducing the importation of fish into the country before very long.
Chairman, State Farmers Association, Mr. Dunlop Okoro who collaborated that there is a lot of market and return on investment on fish farming, urged CAFAN to collaborate with his association for their desired success.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
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