Tuesday, April 23, 2024

Anambra to Benefit from €48m FISH4ACP Program

The Fisheries and Aquaculture Business Development Agency (FABDA), Anambra State, has disclosed that the state is among the beneficiaries of the €48 million budgeted for 12 participating countries in the Fish for Africa, Caribbean, and Pacific (FISH4ACP) program of the Food and Agricultural Organization of the United Nations (FAO-UN).

The Fisheries and Aquaculture Business Development Agency (FABDA), Anambra State, has disclosed that the state is among the beneficiaries of the €48 million budgeted for 12 participating countries in the Fish for Africa, Caribbean, and Pacific (FISH4ACP) program of the Food and Agricultural Organization of the United Nations (FAO-UN).

Managing Director, (FABDA), Anambra State, Emeka Iloghalu, made this known through a report that was made available to stakeholders of the fisheries and aquaculture value chain in the state, titled, ‘Report of the Anambra State Fisheries and Aquaculture Business Development Agency (FABDA)’.

FISH4ACP is focused on enhancing the productivity and competitiveness of fishery value chains, to ensure that economic improvements go hand in hand with environmental sustainability and social inclusivity in the countries of implementation.

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The initiative is mandated to pay special attention to small and medium-sized businesses in the twelve ACP countries to stimulate inclusive growth and bolster food security, particularly for women and young people.

According to the report, FISH4ACP is implemented by FAO and partners with funding from the European Union (EU) and the German Federal Ministry for Economic Cooperation and Development (BMZ), to exponentially increase the volume of fish production in the participating countries.

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It was also stated that FABDA hosted the FAO-UN delegation to Nigeria for a full week in Anambra State, and that the delegates proposed that other states should consider adopting the Anambra State model for effective and efficient development.

“The Fish Production Village Project, conceived, designed and structured by FABDA for Anambra Youth and Women’s development, is meant to generate over 450,000kg of table fish monthly.” It is funded from the N1.5 billion CBN AADS loan.

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