The sum of $5 million, about N157,6247,836.60 to combat rogue fishery according to the Food and Agriculture Organisation (FAO), reports NaijaAgroNet.
Graziano da Silva disclosed this at the Our Ocean Conference in the United States capital, said, FAO has secured $5 million for this global programme, including funding from the organization's own resources.
FAO is also collaborating with Google to develop new platforms and research methodologies to support countries in improving their monitoring, control and surveillance of fishing activities.
Each year, illegal, he said, unreported and unregulated (IUU) fishing is responsible for annual catches of up to 26 million tonnes, with a value of up to USD 23 billion.
This, he also said, undermines efforts to ensure sustainable fisheries and responsible fish stock management around the world.
In order to boost small-scale fisheries, Graziano da Silva highlighted to participants the need to increase support for small-scale fisheries on which 110 million people - 97 per cent of them in developing countries - depend for their livelihoods.
"They are among the poorest communities in the world and they risk to be further marginalized," the FAO Director-General warned.
He invited donors to support an ongoing FAO initiative that is aimed at providing policy support, promoting the sharing of experiences and empowering small-scale fisheries communities in the context of poverty eradication. Some $2.5 million have already been secured for this work, but more support is needed.
Remmy Nweke/ED, Ops... Linking agrobiz, sustainable environs, people & technology