Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Fish farmers cry out over floods

26 July 2012, 07:31

 Ibadan, July  25, 2012 (NAN) The national secretary of the Catfish Farmers Association of Nigeria (CAFAN), Mr Rotimi Oloye, says the flooding incidents in some parts of the country is taking a toll on fish farms.

Oloye told the News Agency of  Nigeria (NAN) in Ibadan that  incessant flooding was the major challenge facing fish farmers presently.

"We use water mainly in our business, but now we are having water in excess.

"All rivers are overflowing their banks. In fact, most of our members' investments have been lost to floods. Some people have lost up to N7 million on their farms," he said.

Oloye said waterlogged areas were washed away with all the fishes in the ponds.

He said the present challenge was natural, adding that no insurance company would agree to cover this kind of risk.

The CAFAN chief said the present calamity would seriously affect fish production as supply in the market would be greatly affected.

On the implications of the disaster on the prices of fish, he said there might not be an immediate impact.

He said the market was already flooded with fishes and prices would either go down or remain stable.

"But on the long run, there will be smaller amount of fishes in the market and the market forces will force the prices up due to high demand chasing low supply," Oloye said.

He, however, said such high prices would be of little benefit to farmers because they may not guarantee adequate financial returns to farmers.



Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...