catfishThe Oyo State Ministry of Natural Resources is in partnership with Triton Aqua Africa and Zenith Bank for the development of Asejire Dam as a fishing centre.

The Commissioner, Mr. Fatai Abimbola, who disclosed this, said the dam had the potential for huge commercial fishing activities, adding that at its full capacity, it could be one of the biggest fish production centres in Africa.

Abimbola said while signing the Memorandum of Understanding on behalf of the state government that farmers who had interest in aquaculture would also have the opportunity to be trained by experts handling the project, thereby providing employment for thousands of people.

The commissioner said “The project is very significant for the ministry and the state. It is the project of the newly created ministry, which was designed to bring development to every economic sector in the state.

“The project will generate at least 1,000 jobs for the teeming unemployed youths and more food for the people. Besides, it will increase the income coming to the coffers of the state.”

The Branch Head, Zenith Bank, Okota-Lagos, Mr. Chinelo Umeh, represented the bank at the event.

He said the financial institution would be ready to provide the financial assistance to ensure the success of the project.

The Managing Director of Triton Aqua Limited, Mrs. Oby Inuwa, said the company would invest about $60m in in the next seven years.

“We are keen to undertake the aquaculture project across Nigeria and are willing to commit investment of around $60m in the next five to seven years. We have already set up a small but commercial scale hatchery in Lagos with a production capacity of two million fingerlings which will help us to start our operations. We hope to get the production facility at Asejire Dam operation within six to 12months since all the formalities have been completed,” she said.

According to her, the Asejire project will involve the production of tilapia and catfish. It will also house a nursery for hatchery activities.

Triton Aqua said the hatchery for catfish and tilapia would have an initial capacity of 10 million fingerlings per year, which could rise to 25 million fingerlings per year.



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