NEWS Obasanjo moans, "I'm sweating" at the high cost of diesel. the 2nd of August, 2022 Through Ishola Oludare
Olusegun Obasanjo, the former president, and his agricultural company are suffering as a result of the increase in diesel prices.
As he said this, Obasanjo bemoaned how Nigeria's fish production is affected by the high cost of diesel, feeds, and the exchange rate crisis.
Obasanjo claimed that the high price of diesel has been making him sweat and that this has been impacting his fish productivity.
The Balogun Owu expressed his concerns at the Southwest Fish Farmers' Congress on Tuesday at the Olusegun Obasanjo Presidential Library (OOPL), claiming that the rising cost of diesel and the ongoing increases in fish feed prices will force fish farmers out of business.
To avoid this, Obasanjo said the only way is for them to come together to agree on sustainable prices that could be adopted to keep them in business.
According to him, farmers cannot be producing at the mercy of the buyers who would come around to buy the fish for whatever amount that suited them without considering the effect of the harsh economy on the production of fish.
He maintained that with the current price of diesel at N800 per litre, the production of a kilogram of fish is N1,400; he said the farmers cannot sell such fish for less than N1,500 as anything short of that amounts to “outright loss.”
“The price of diesel has gone 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, well and that you are doing great impact will completely go bankrupt, and when that happens, Nigerians will still have to eat fish.
“Fish production will be out of reach and then, people will be producing fish outside Nigeria and be dumping 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.”
"This country's management is not up to par, which is why diesel prices have increased. And that's all there is to it. Then, especially those of us who must use a small amount of diesel to produce fish, we will entirely go bankrupt, and Nigerians would still have to eat fish at that point.
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