Nigeria, a country that relies heavily on imported fish to meet the demands of its growing population, may soon face a severe shortage of this essential protein source. The root cause of this impending crisis is the increasing abandonment of fish consignments at Lagos ports by importers. These consignments, which are crucial to keeping Nigeria’s fish markets stocked, are being left unattended due to the rising costs associated with clearing them from the ports, as well as regulatory and currency exchange challenges. The Core Issues Behind the Crisis Importers in Nigeria are facing a perfect storm of economic and regulatory challenges, making it less feasible to import fish, a key staple for millions of Nigerians. One of the most pressing issues is the exorbitant cost of clearing consignments at the ports. Over the past several months, clearing costs have risen sharply, partly due to government policies and partly due to fluctuations in the foreign exchange market. Many importers, who p...
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