The forecasted capture fisheries production volume in Nigeria shows a steady increase from 2024 to 2028. In 2023, the production volume stood at 824.08 Thousand Metric Tons. For the subsequent years, we see the following year-on-year variations: 2024 shows an increase of 1.02%, 2025 at 1.07%, 2026 at 1.05%, 2027 at 1.03%, and 2028 at 1.01%. Over the five-year period, the compound annual growth rate (CAGR) stands at approximately 1.04%, indicating a modest yet consistent growth.
Future trends to watch for in Nigeria's capture fisheries sector include advancements in sustainable fishing practices, potential impacts of climate change on fish populations, and government policies aimed at boosting local fishery industries. Technological innovations and infrastructure developments could also play a significant role in shaping future production volumes.
