Former Nigerian President, Olusegun Obasanjo has condemned the rising cost of diesel in the country, as it has adversely affected his fish business. The Former President said the surge in price of diesel is affecting fish farmers production and profit generation.
The situation with the rising cost of diesel has become a source of major worry to entrepreneurs who need the diesel to function optimally in the different businesses.
Obasanjo, on Tuesday, while speaking at the Olusegun Obasanjo Presidential Library (OOPL) in Ogun State, during the southwest fish farmers congress, he said, the high diesel price may turn fish farmers into bankruptcy.
The price of diesel currently stands at N800 a litre, the ex-President said the production of a kilogram of fish is N1,400.
The former president blamed the government for its insensitivity towards the plight of an average businessman in the fishery business, who survives on fish farming as a business, saying just the price of diesel alone can force such a business to fold up
“I am already sweating and if the situation persists, i don’t know how anybody using diesel can survive. I don’t know your calculation, my calculation is that I cannot produce a kilo of fish with less than N1400. That’s about what it cost as of today. So, if I sell my fish around N1,400 I cannot make a profit,” the ex-President was quoted as saying in a statement by his media aide, Kehinde Akinyemi.
He therefore, urged farmers must not sell less than N1,500 as anything short of that would lead to “outright loss”.
Adding that, “If we don’t come together as an association, nationally, we will sink individually. If we come together, we will swim and survive together,” he said.
“And while we are working on coming together, I thought that 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.”
“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.”
According to Obasanjo, fish production would be out of reach, and “then people will be producing fish outside Nigeria and dump it here”.