Double taxation on feed raw materials affecting fish price — Association

 The Catfish and Allied Fish Farmers Association of Nigeria (CAFAN) on Thursday said that double taxation on raw materials for fish feed production was affecting the overall market price of the commodity.

The National President of CAFAN, Mr Rotimi Oloye, told the News Agency of Nigeria (NAN) in Lagos that there was need for the Federal Government to urgently look into that area of concern.

Oloye said that members of the association, who wished to produce cheap but quality fish, however, were limited by the issue of taxation.

“The biggest challenge to produce cheaper and quality fish is the tax imposed on imported raw materials like maize, soya beans and other additives.

“Government needs to address this because when these products are imported, taxes are paid on them.

“Then, when we want to produce the feed locally, another government agency will ask for value addition tax.

“To us, that is double taxation; and by this, there is no way the consumer will not have an overwhelming effect on the cost of the product, in the market,’’ he said.

Oloye said that since there was massive reduction in fish importation due to the exchange rates, government should urgently ensure that cheap fish was made available to Nigerians.


He said that there was an urgent need to boost local fish production by reducing the N28 billion spent on fish importation.

Comments

Post a Comment

Popular posts from this blog

Tomato disease outbreak: Institute appeals for research funding

The National Horticultural Research Institute, Ibadan, has appealed for funding to carry out research and create awareness on the tuta absoluta pest on tomatoes. The Institute’s Head of Vegetable Programme, Dr Olagorite Adetula, told the News Agency of Nigeria (NAN) in Ibadan on Friday that there was an urgent need to tackle the problem to save the economy. Adetula said the institute needed money to do surveillance survey of the pest/damage, ascertain the impact of the damage and proffer solution for eradicating the pest. She appealed to the Federal Government to help the institute get pheromones to lure and trap the pests and distribute to farmers. ``Spraying insecticides is not the best, the pest has high production rate, some of them can escape while spraying it and they will be resistant to the insecticide thereby causing us more cost. ``The pheromones can be used for six to eight weeks before changing it, it is very effective, the pest has short life cycle, wit...
Read more

10,000 women farmers to be engaged in ECOWAS rice project – official

Image
 Mr Richard Olafare, the President, Seed Entrepreneurs Association of Nigeria (SEEDAN) says 10,000 women will be engaged in the recently inaugurated Rice Seed Up-Scaling Project. This is contained in a presentation on the project made available to the News Agency of Nigeria (NAN) in Abuja on Friday. Olafare said 8,000 youths would also be engaged in the scaling project. According to him, the number of women and youths represented 50 per cent and 40 per cent respectively of the 20,000 farmers that will participate in the project. NAN reports that the project is an initiative of the West Africa Seed Programme (WASP) in support of the ECOWAS Rice Offensive Programme that was inaugurated in 2014. Among other objectives, it is targeting the production of 60,000 metric tonnes of paddy rice for Nigeria by December 2017, using 1,200 certified seeds. The project is being implemented by SEEDAN in collaboration with the West and Central Africa Council for Agricultura...
Read more

Monsanto Nigeria Launches 3 Conventional Maize Hybrids

Maize farmers across Nigeria now have 3 high yielding conventional maize hybrids to choose from the DEKALB ® brand as Monsanto Agriculture Nigeria Limited launches 3 conventional maize hybrids. The launch held in Abuja on Tuesday May 17 2016 had in attendance farmers, development partners, government regulatory bodies and other stakeholders from both the private and public sectors of the economy. The launch of these hybrid seeds follows their registration by the National Committee on Naming, Registration and Release of Crop Varieties, Livestock Breeds and Fisheries in February 2016. The white maize hybrid, DK234 alongside the 2 yellow maize hybrids, DK920 and DK818 obtained registration approval for use in Nigeria after testing across various agro ecological zones on multi-location farms. The white maize hybrid DK234 with yield potential of 13 tonnes per hectare is well adapted for the Southern and Northern Guinea Savanna ecologies and shows tolerance to Maize Streak Virus, ...
Read more