Socioeconomic analysis of fish farming in Ogun State, southwest Nigeria
Average rating
Cast your vote
You can rate an item by clicking the amount of stars they wish to award to this item.
When enough users have cast their vote on this item, the average rating will also be shown.
Star rating
Your vote was cast
Thank you for your feedback
Thank you for your feedback
Author
Olasunkanmi, J.B.Date
2013
Metadata
Show full item recordAbstract
Fish farming as an economic activity in Nigeria is predominantly an extensive land based system practiced at subsistence level in water. The socio-economic analysis of fish farming in Ogun State, South-Western Nigeria was carried out using data collected from sixty randomly selected fish farms. Data were analyzed using descriptive statistics, costs and returns, as well as regression analysis. The relationship between fish output and five inputs: feed, fertilizer, lime, labour and fingerlings were measured using Cobb-Dou production model. Results suggest that a unit increase in feed application contributed 68 percent increase to the profitability of the farms and this was significant at p<0.1. Also, fertilizer was significant at p<0.05, the results suggest that a unit increase in fertilizer application contributed 5l percent increase to the profitability of the fish farms. The model explained 79% of the variation in total output. On the whole, fish farming was found to be profitable with a benefit-cost ratio of 1.23 and the rate of return on investment is 0.19. It is recommended that fish farmers in the study area should increase their use of feed, lime and fingerlings and decrease their use of fertilizer and labour. Socio-economic characteristics of fish farmers showed that most of them were males, married and middle aged with formal education.Page Range
402-407Publisher or University
FISONConference Name
28th Annual Conference of the Fisheries Society of Nigeria (FISON)Conference Location
Abuja, NigeriaConference Date
25-29 Nov 2013Collections