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Obasanjo Laments High Cost Of Diesel On Fish Farming

Olusegun Obasanjo, a former president, claims that his fish company has been negatively impacted by the growing cost of diesel.

Obasanjo gave a speech on Tuesday at the presidential library (OOPL) in Ogun state during a gathering of south-west fish producers.

He added that he is “already sweating” at the high price, claiming that the high fuel price may force fish farming into bankruptcy.

According to Obasanjo, a kilogram of fish costs N1,400 to produce at the present price of diesel at N800 a litre.

JUST IN: See The New Price Of Diesel As Marketers Increase Price

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Farmers must not sell for less than N1,500, according to him, as doing so would result in a “outright loss.”

“If we don’t come together as an association, nationally, we will sink individually. If we come together, we will swim and survive together,” he said.

“And while we are working on coming together, I thought that the situation has arisen whereby we have to do something urgently.

“The price of diesel has gone sky high because the management of this country is not what it should be. And it is as simple as that.

“Then, what will happen is that particularly those of us who have to use a bit of diesel in producing fish, we will completely go bankrupt, and when that happens, Nigerians will still have to eat fish.”

He added that fish production would be out of reach, and “then people will be producing fish outside Nigeria and dump it here”.

Diesel Prices May Reach N1,500 Per Litre, With 75% Of Filling Stations Closed–Marketers

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“And you will go jobless, poor and indigent. So, what do we have to do? To come together… we want to sustain fish production, and we must be able to take care of those who are going to eat and those of us who are producing,” the former president added.

Obasanjo asked the farmers “how many of you are using diesel in your production? Because I use diesel, and I’m already sweating. I’m already sweating.”

 

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