This study was conducted in Ogun state, Nigeria and made use of both primary and secondary data. The main instrument for collecting the primary data was structured questionnaire. The descriptive an...

Analysis of Profitability of Fish Farming in Ogun State, Nigeria

Tilapia is an internationally farmed trade species recommended by the United Nations Food and Agriculture Organization, which is promoted and farmed in more than 100 countries and regions. In China, tilapia culture is a promising aquaculture business and it occupies an important position in global tilapia culture. In this study, profitability analysis was used to analyze the production costs and economic benefits of different farming sizes among the main tilapia-producing areas of China. Sensitivity analysis was conducted to analyze the impact of uncertainty factors on net profit of tilapia farming. Details of the costs and benefits of tilapia culture in China could support financial planning by fish farmers. The economic profit indices measured in this study comprised the total profit, gross income, profit margin, and benefit-cost ratios. The results indicated that large farms has the highest cost and the highest cost-profit margin among the three categories, and the small farms has the lowest cost and profit margin, while the cost and profit margin of medium size are between the large and small sizes. Sensitivity analysis shows that the net profit of tilapia is very flexible to the change of price, feed, rent, and fixed cost, of which price elasticity was the highest, followed by the feed, rent, and fixed cost. According to the problems existing in the tilapia farming, some policy suggestions were put forward for sustainable tilapia culture.

Economic profitability of tilapia farming in China

This study reviews the development and conventional qualitative analysis of aquaculture in Africa, specifically by reviewing the aquaculture sector of key players (Egypt, Nigeria and Uganda) as a r...

Aquaculture in Africa: A Comparative Review of Egypt, Nigeria, and Uganda Vis-À-Vis South Africa

Fish is an important source of food, income, employment, and recreation for people
around the world and it is a very important source of animal protein for both man and
livestock in developed and developing countries. In Nigeria, the current demand for fish is
about four times the level of local production. Humans consume approximately 80 percent
of the catch as food. The remaining 20 percent goes into the manufacturing of products
such as fish oil, fertilizers, and animal food. Fisheries and aquaculture are integral parts of
agriculture which were found to have the capacity to increase the country’s GDP (Gross
Domestic Product) and can solve the unemployment problem for our teeming youths if
adequately managed. Therefore, this paper reviewed the status of Aquaculture in Nigeria,
its problems and development prospects, different fish species that can adequately thrive
in Nigerian pond and its preparation, and finally showed some first-rate management
practices that can boost aquaculture production in Nigeria

http://eprints.covenantuniversity.edu.ng/3561/1/AJEA%20final%20publication.pdf

Review of Aquaculture Production and Management in Nigeria

The study which was conducted in Anambra State, Nigeria, assessed the profitability of catfish farming without neglecting constraints that could retard profitability. It utilized non-parametric statistics, enterprise budgeting and the profit function model in data analysis. Data were obtained from 204 farmers selected via multistage random sampling technique. Results indicated mean gross margin of N 734,850.39, mean net farm income of N712,659.89 and net return on investment of 0.61, implying that catfish farming is profitable in the study area. Furthermore, cost of catfish feeds and production unit negatively and significantly influenced profit, while output price exerted a positive and significant influence on profit. Profitability could be increased by tailoring policies towards the setting up of commercial pelleted and floating catfish feed mill and modern hatcheries in the State, the provision of adequate infrastructure, cheap and available credit facilities and expansion of extension services. These would go a long way to solving the most serious constraints to catfish production in the study area high cost of feeds, lack of quality fingerlings and inadequate capital. © 2010 Friends Science Publishers

The economics of catfish production in Anambra State, Nigeria: a profit function approach.

The study was conducted in Ibadan metropolis, Oyo State. Sixty farmers were selected using simple random techniques drawn from five local government purposively selected from the study area. Struct...

A A Ezekiel

Papers

Economic Viability of Cat Fish Production in Oyo State, Nigeria