Fishery terminals

Fishery terminals

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Fishery terminals
SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Food and Beverage
Food and Agriculture
Business Model Description

Construct and operate sustainable fishery terminals for large-scale fish cultivation, processing, storage and packaging.

Expected Impact

Improve livelihood prospects for smallholder producers and improve the nutritional situation of women and children.

Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
20% - 25% (in ROI)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
60% of Nigeria's fish demand is covered by imports.
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
No Poverty (SDG 1) Zero Hunger (SDG 2) Good health and well-being (SDG 3)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Gender Equality (SDG 5) Reduced Inequalities (SDG 10) Life Below Water (SDG 14)
Sector Sources
  • 1) Federal Republic of Nigeria (2017). Implementation of the SDGs: a national voluntary review. https://sustainabledevelopment.un.org/content/documents/16029Nigeria.pdf 2) Sachs, J., Schmidt-Traub, G., Kroll, C., Lafortune, G., Fuller, G. (2019). Sustainable Development Report 2019. New York: Bertelsmann Stiftung and Sustainable Development Solutions Network (SDSN). 3) Federal Republic of Nigeria (2017). Economic Recovery and Growth Plan 2017 - 2020. Abuja: Ministry of Budget and National Planning. 4) Dalberg (2020). Charting the future for Africa's largest economy: Economic impact of COVID-19 in Nigeria. https://dalberg.com/wp-content/uploads/2020/04/FINAL_Dalberg-Report-Charting-the-Future-of-Africa%E2%80%99s-Largest-Economy.pdf 5) Federal Republic of Nigeria (2011). Agricultural Transformation Agenda 2011.
IOA Sources
  • 6) The Embassy of the Kingdom of the Netherlands, Lagos Office (2019). Aquaculture in Nigeria Factsheet 2019. https://www.agroberichtenbuitenland.nl/binaries/agroberichtenbuitenland/documenten/publicaties/2019/01/23/factsheet-aquaculture-in-nigeria/Aquaculture+in+Nigeria.pdf 7) Food and Agriculture Organization of the United Nations (2020). FAO in Nigeria. http://www.fao.org/nigeria/fao-in-nigeria/nigeria-at-a-glance/en/ 8) Farm Republic. Fish Farming and Its Revenue Potentials in Nigeria. https://www.farmrepublic.ng/fish-farming-and-its-revenue-potentials-in-nigeria/ 9) Encourage Capital (2016). Investing for Sustainable Global Fisheries. http://investinvibrantoceans.org/wp-content/uploads/documents/FULL-REPORT_FINAL_1-11-16.pdf 10) African Green Revolution Forum (2020). The Agribusiness Deal Room at the 2019 African Green Revolution Forum (AGRF). https://agrf.org/dealroom/wp-content/uploads/2020/07/Agribusiness-Deal_Room-AGRF-booklet_020919.pdf 11) Escobedo Rupay, J. and Castellares Fernandez, M. (2013). Plan de negocio “Comercialización de jurel y caballa en Lima Metropolitana”, https://repositorioacademico.upc.edu.pe/bitstream/handle/10757/316209/escobedo_rj-rest_.pdf?sequence=2&isAllowed=y 12) The Guardian (2020). FG pledges to revitalise two fishing terminals in Akwa Ibom. https://guardian.ng/news/fg-pledges-to-revitalise-two-fishing-terminals-in-akwa-ibom/ 13) Transportation Research Board and National Research Council (2003). '5 Biological Effects of Oil Releases.', in Oil in the Sea III: Inputs, Fates, and Effects. Washington, DC: The National Academies Press. doi: 10.17226/10388. 14) The Guardian (2020). FG pledges to revitalise two fishing terminals in Akwa Ibom. https://guardian.ng/news/fg-pledges-to-revitalise-two-fishing-terminals-in-akwa-ibom/ 15) Oluwatobi, A.A., Mutalib, H.A., Adeniyi, T.K., Olabode, J.O. and Adeyemi, A. (2017). 'Possible Aquaculture Development in Nigeria: Evidence for Commercial Prospects'. Journal of Agricultural Science and Technology, B7, 194-205. https://pdfs.semanticscholar.org/fc46/3f86f68cd7995fcfedbb4a6619d2691980e1.pdf?_ga=2.44318572.931950668.1594200969-181587615.1594200969 16) World Bank Database. 17) Inter-Agency Regional Analysts Network (2016). Nigeria Trend Analysis: Challenges and Opportunities of the Demographic Shift and Its Link to Stunting An Outlook To 2030. https://www.iris-france.org/wp-content/uploads/2016/09/NGA-Trend-Analysis-Demography-Stunting.pdf 18) WorldFish (2018). WorldFish Nigeria Strategy 2018–2022. https://digitalarchive.worldfishcenter.org/handle/20.500.12348/673 19) Federal Ministry of Agricultural and Rural Development. Agricultural Policy for Nigeria. http://extwprlegs1.fao.org/docs/pdf/nig149296.pdf 20) Farm Republic. Fish Farming and Its Revenue Potentials in Nigeria. https://www.farmrepublic.ng/fish-farming-and-its-revenue-potentials-in-nigeria/ 21) Sea Fisheries Act. http://extwprlegs1.fao.org/docs/pdf/nig5318.pdf 22) Sea Fisheries (Licensing) Regulations 1971. http://www.fao.org/faolex/results/details/en/c/LEX-FAOC005324/ 23) Sea Fisheries (Fishing) Regulations 1972. http://extwprlegs1.fao.org/docs/pdf/nig5321.pdf 24) United Nations (1978). Exclusive Economic Zone Decree No. 28 of 5 October 1978. https://www.un.org/Depts/los/LEGISLATIONANDTREATIES/PDFFILES/NGA_1978_Decree.pdf 25) Sea Fisheries Decree no. 17 of 1992. https://sherloc.unodc.org/cld/uploads/res/document/sea-fisheries-decree-1992_html/Sea_Fisheries_Decree.pdf 26) Sea Fisheries (Fish Inspection And Quality Assurance) Regulations 1995. http://extwprlegs1.fao.org/docs/pdf/nig120902.pdf 27) Federal Republic of Nigeria (2021). Investment Incentives in Nigeria. http://www.nigeriaembassyusa.org/index.php?page=investment-incentives 28) Logistics Update Africa (2020). Nigerian government to reactivate two dilapidated fishing terminals in Akwa Ibom. https://www.logupdateafrica.com/nigerian-government-to-reactivate-two-dilapidated-fishing-terminals-in-akwa-ibom-shipping 29) Federal Republic of Nigeria (2020). Integration of the SDGs into National Development Planning: A Second Voluntary National Review (2020). https://sustainabledevelopment.un.org/content/documents/26309VNR_2020_Nigeria_Report.pdf 30) Federal Republic of Nigeria (2017). Implementation of the SDGs: a national voluntary review. https://sustainabledevelopment.un.org/content/documents/16029Nigeria.pdf 31) UNDP, Human Development Report (2020). Available at: https://www.ng.undp.org/content/nigeria/en/home/library/human_development/the-2020-human-development-report.html 32) Sachs, J., Schmidt-Traub, G., Kroll, C., Lafortune, G., Fuller, G., Woelm, F (2020). The Sustainable Development Goals and COVID-19. Sustainable Development Report 2020. Cambridge: Cambridge University Press. https://dashboards.sdgindex.org/profiles/NGA