The rising cost of stockfish in Nigeria has been said to be a result of the inclusion of stockfish on the forex banned list.
Recall that the Central Bank of Nigeria listed pelagic fish and stockfish among 44 items not valid for Foreign Exchange Window.
The Norway Ambassador to Nigeria, Lein told NAN on the sideline of a two-day seafood seminar in Port Harcourt that the ban had resulted in an inflated cost of stockfish in Nigeria.
According to him, Norway is not competing with Nigeria in stockfish production and they have raised two points to this argument with Nigerian government officials.
He said that Norway understands that Nigeria needs to grow its own fish industry, which it stands ready to assist Nigeria to realise.
Stockfish, a very particular product which is enjoyed a lot in Nigeria cannot be produced in the country due to climate.
Norway has stated that they want to work with the Federal Government to grow their trade and at the same time, provide assistance for the Nigerian fish industry to grow.
The envoy said that both countries had to work closely to ensure mutually beneficial relations but in the meantime, they are waiting on the Nigerian authorities to demand their assistance as well as remove barriers to the stockfish trade in the country.
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