“NaFAA Capable Of Generating up to 30M Annually From Fisheries Sector”

el999 NaFAA DG Emma Metieh Glassco appearance in ELBC Studio

“NaFAA Capable Of Generating up to 30M Annually From Fisheries Sector”

-DG Emma Metieh Glassco

The Director-General of the National Fisheries and Aquaculture Authority (NaFAA), Mrs. Emma Metieh Glassco has said the fisheries authority has the potential of attracting more revenue to support government developmental programs.

According to Mrs. Glassco, NaFAA is capable of generating up to 30 million United States dollars annually if the authority directs its energy towards developing infrastructures, including and designated fishing ports, post-harvest facilities and a robust licensing scheme only from wild marine resources.

Speaking when she appeared on state radio ELBC, Friday, August 14, 2020, the NaFAA director-general said the Authority has secured funding from the World Bank to improve its fishery facilities in the country.

According to her, portion of the funding will go towards the construction of a modern fisheries port at the Mesurado Pier in Montserrado County, which will contain a processing plant that would attract more investment opportunities.

She furthered that such investment opportunity has the potential of creating about 7000 jobs for Liberians.

Recently, Mrs. Glassco, on Bana FM, a local broadcaster on Bushrod Island that her biggest dream is to see Liberia’s fisheries sector contribute at least US$10 million to the country’s national budget.

“At the moment, NaFAA contributes not less than US$2 million to the country’s fiscal envelop annually. The sector is experiencing significant improvement under our watch; we have the potential to contribute to the development agenda of the country through the budget. We contributed 2.5 million United States dollars to the government through the national budget last year”, she disclosed.

Studies have shown that Liberia’s fishery sector is the beacon of hope for the country’s economic recovery drive.

A study done by the World Bank says many economies of West Africa coastal countries, including Liberia and its populations are heavily dependent on the health of the marine and coastal environment, a common and shared asset of the region.

The coastal economy and population directly benefit from the goods and services that the marine and coastal environment provides, and extractive industries of renewable and non-renewable natural resources -fish, oil and more - are a major source of income to Liberia and rural households.

Signed__________________________________

           Lewis E.B Konoe

           Director

          Communications and Media Services

          NaFAA

          0777201667/0888631529

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LOCATION

Bushrod Island
Monrovia,Liberia
info@nafaa.gov.lr

 

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