The changes that have taken place in Nigerian fisheries are reviewed. Artisanal fishery has continued to dominate the fisheries, contributing over 85% of total fish production. The inland water and coastal seas are fully exploited and the increase in fishery production is not likely. Aquaculture potentials remain untapped as much as deep-sea fisheries. The combined potential of the fisheries resources-freshwater, marine and aquaculture can meet over 90% of the nation's demand for fish. Opportunities for investments, therefore, exist in the various subsectors, especially in the areas of storage, processing and preservation for the capture fishery and fish seed multiplication for aquaculture.