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However, the recent downturn in power supply and the high cost of petroleum products have disrupted the local fish trade. Whether you turn to Premium Times for daily updates, in-depth investigations into pressing national issues, or entertaining trending stories, we value your readership. From fishermen and fish farmers to processors, traders and exporters, the sector supports economic activities that drive growth and development in the country.
Despite the potential in the sector, power supply for the preservation of their fresh catch remains a challenge for fish traders in the state.he poor power supply in Nigeria has been a major factor affecting businesses in the country. The country struggles with erratic power supply despite various interventions by successive governments.
Despite the enactment of the new Electricity Act, which raised expectations for improved operation and power supply in the state, especially with the availability of the state-owned power plant, the situation remains unchanged. People still struggle with inadequate supply. These brazen acts not only disrupt the flow of electricity but also inflict substantial financial losses on power companies and other private businesses that rely mostly on power supply for their businesses.any traders and small business owners rely on generators, with the high cost of petroleum products eating deeply into their profits.
Affiong Afahaene, a fish dealer in Ishiet, Uruan Local Government Area, stressed how the power supply situation threatens the profit opportunities in the fish business. A medium-sized “fresh fish” previously sold for N2,000 now goes for N3,000, while a bigger “fresh fish” is sold between N15,000 and N17,000, compared to its previous price range of N10,000 to N12,000.Okon Edu, a customer who came to buy fish for family consumption, said he used to buy fresh fish at a cheaper rate, regardless of the season.
Another customer who spoke to PREMIUM TIMES, Christiana Enye, expressed concern about the current price of fresh fish. He noted that traders could also explore and implement energy solutions such as solar systems to supplement the existing power supply which will help to reduce dependence on the main power grid and as well ensure a more stable energy source.