Catfish Farming and Export in Nigeria Explained

16 October 2026 - Naira Briefing

Catfish is Nigeria’s aquaculture success story, with huge domestic demand and growing processed-fish export potential. Exports earn dollars, tying farmers’ income to the naira via the exchange rate.

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From farm to export

Farming and harvest — raised in ponds and tanks nationwide.
Processing — harvested, smoked or processed to standards.
Export — processed catfish sold abroad, in dollars.

Why dollars matter to farmers

Global prices are set in dollars, so a farmer’s naira earnings move with the price and the exchange rate — the same economics as seafood and poultry. A fair conversion on proceeds keeps more value at home, and export finance can fund the season.

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