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FIJI - Principal Fisheries Officer Malakai Tuiloa says the fisheries sector has much potential and if properly planned can generate millions of dollars for the country.

Tuiloa told the Department of Information the sector is one of the foundations for national economic growth and development.

Tuiloa said fisheries records show the industry is worth about $400-million. He said this figure goes through Reserve Bank.

Tuiloa said this figure could be developed because there’s huge potential for the capture fisheries and aquaculture fisheries.

He said Fiji could become self-sufficient and reduce the imports of prawns and shrimps from other countries.