November 18, 2017

Plateau requires N2.5b to revive fish farm

Plateau requires N2.5b to revive fish farm..NAIJA INVEST

PLATEAU State Panyam Fish Farm is looking for N2.5 billion which can generate N1.7billion yearly.

The state Commissioner for Agriculture and Natural Resources, Mr Steven Barko, said in Jos, the state capital that the farm could repay the loan in two years.

He said the farm would have been in operation by now, if not for funds.

The commissioner said the government had spent the past one year looking for partners to resuscitate the farm.

‘’I would have kicked-off the Panyam Fish Farm by now, but I am still looking for funds for the past one year. I have been going around, looking for investors to partner with and revive the farm.

‘’The visibility studies are completed and the farm’s revenue potential is great. With the projected N1.7 billion as annual revenue, the farm can pay off the N2.5 billion in two years.

Plateau requires N2.5b to revive fish farm..NAIJA INVEST

Plateau requires N2.5b to revive fish farm..NAIJA INVEST

‘’The farm, which spans 309 hectares, can produce 3,900 tonnes of fish annually and more than 10 million fingerlings could also be raised there.

‘’It also has the potential to generate employment as so many people would be engaged in different activities.

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