Olusegun Obasanjo, a former president, claims that the growing cost of diesel has negatively impacted his fish company.
Obasanjo gave a speech on Tuesday at the presidential library (OOPL) in Ogun state during a gathering of southwest 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.
The former President 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.”
He said farmers must not sell less than N1,500 as anything short of that would lead to “outright loss”. He called for members of the association to unite; otherwise, they'll all sink together.
“And while we are working on coming together, I thought 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”.
“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 further stated.©Standard Gazette, 2021. Unauthorized use and/or duplication of this material without express and written permission from this site’s publisher is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Standard Gazette with appropriate and specific direction to the original content.