Togolese government will spend CFA2 billion on fishing and aquaculture projects in 2024

Agriculture

Friday, 26 January 2024 18:22

Togolese government will spend CFA2 billion on fishing and aquaculture projects in 2024

(Togo First) - Togo will invest CFA2 billion in fishing and aquaculture this year. That is almost 70% of the CFA3.1 billion budget allocated to the Ministry of Maritime Economy.

Part of the CFA2 billion will fund the Togo Aquaculture Development Project launched in 2022.

Another part will fund projects to boost the country’s fish production, focusing on providing jobs to graduates of local aquaculture training centers or IFADs.

Earlier this year, the Minister of Maritime Economy, Edem Tengue, had declared: “The year 2024 promises to be full of challenges. We will have to experiment with new techniques, like the fish pooling systems, to cope in times of scarcity. Also, we are committed to fostering the integration of young people in aquaculture, notably through the IFADs, and experimenting in the Savanes region”.

More than 20,000 people work in the fishing sector in Togo. The sector contributes nearly 4.5% of the GDP, according to the Ministry of Maritime Economy.

Esaïe Edoh

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