Africa firm to inject USD 60m into aquaculture


SeafoodSource staff

Published on
September 17, 2014

A Memorandum of Understanding (MoU) between Oyo State Government and a private firm, Triton Aqua Africa Ltd through which the firm would pump a whooping USD 60 million (EUR) into fish production, has been signed in Ibadan.

The State Commissioner for Natural Resources, Fatai Abimbola hinted that the project would be executed through the development of Asejire Dam as a center for fisheries production.

He said the project would comprise of tilapia and catfish production in cages in the water body and in ponds, stressing that it will also house a nursery for hatchery operations.

The Commissioner said the “firm is in the process of finalizing plans for a large scale hatchery for catfish as well as tilapia with an initial capacity of 10 million fingerlings per year, expandable to 25 million fingerlings per year.

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