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Fisheries Subsidies Harmful To Nigeria, Africa, Experts Declare July 20, 2021
Fish subsidies have been described as one of the leading causes of food insecurity in Nigeria and Africa at large.Fish subsidies are financial payments, direct or indirect from public entities to the fishing sector, which reduces the cost of fishing and/or increases revenues.Dr. Rashid Sumaila, director of the Fisheries Economics Research Unit, University of British Columbia, a guest speaker at a webinar aimed at creating awareness on negative impact of fish subsidies in Africa by Earth Journalist Network (EJN), said: “In Africa we depends on nature, no matter how you look at it. When there is no fish, there are no fishermen and when there is no fish, there is no fish dollars or fish naira or cedi.“So, the environment is quite central. All evidence and data shows that we are overtaking the resources we need from the ocean, from our rivers, from our lakes and we are also over polluting them. We are taking the big fish, we are destroying the habitat.â€With the aid of info graphics, Dr. Sumaila demonstrated the lopsidedness of fish subsidies whereby China, U.S.A and EU countries benefited more over and above Africa.