Rising diesel prices cripple fishing sector

More than 80% of vessels belonging to the Nigerian Trawlers Owners Association (NITOA) are currently grounded due to rising diesel prices. At Ijora Fish Market, a significant decline in fish supply has been noted, leading to increased prices. Navy Captain Oladele Robinson, the National Executive Secretary of the Fisheries Cooperatives Federation of Nigeria, stated that high fuel costs have made operations unsustainable for fishermen.