Analysis of the Profitability of Catfish Production in Enugu East L.G.A. of Enugu State, Nigeria

Main Article Content

C. D. Ochiaka
C. E. Obasi

Abstract

Objectives of the Study: The study examined the profitability of catfish production in Enugu –East L.G.A of Enugu state.

Sample Size and Sampling Procedure: A purposive sampling technique was employed in the selection of 50 respondents used for the study.

Method of Data Collection: Data for the study were collected using structured questionnaires and interview schedules.

Method of Data Analysis: Descriptive statistics, gross-margin analysis and profitability ratios were used in analyzing the data.

Results and Discussion: The result of the analysis showed that majority of the fish farmers (70%) were males and within the age range of 31 - 50 years. The result equally revealed that majority of the farmers (86%) had at least a National Diploma with about 5 -14 years fish farming experience. The result further indicated that cost of feed and fingerlings were the major cost component involved in catfish production. The gross margin analysis and profitability ratios revealed that catfish production is very profitable in the study area with a net income of about N576, 667 and a BCR of 1.6. The study however revealed that the high cost of farm inputs and poor credit facilities were the major constraints to catfish production in the area.

Recommendations: It was recommended that more fish feed producers be encouraged into the business to reduce the high cost of feed.

Keywords:
Profitability, catfish, production, gross- margin, costs.

Article Details

How to Cite
Ochiaka, C. D., & Obasi, C. E. (2019). Analysis of the Profitability of Catfish Production in Enugu East L.G.A. of Enugu State, Nigeria. Asian Journal of Advances in Agricultural Research, 10(3), 1-6. https://doi.org/10.9734/ajaar/2019/v10i330032
Section
Original Research Article

References

Tidwell JH, Allan GL. Fish as food: Aquaculture's contribution. Ecological and economic impacts and contributions of fish farming and capture fisheries. EMBO Reports. 2001;2(11):958-63.

Omotoso FO, Fagbenro OA. The role of aquaculture in poverty alleviation in Nigeria. World Aquaculture. 2005a;36(3):19-23.

Jamu DM, Ayinla OA. Potential for the development of aquaculture in Africa. NAGA world fish centre. 2003;26(3):PP9–13.

Shao A, Drewnowski A, Willcox DC, Krämer L, Lausted C, Eggersdorfer M, Mathers J, Bell JD, Randolph RK, Witkamp R, Griffiths JC. Optimal nutrition and the ever-changing dietary landscape: A conference report. European Journal of Nutrition. 2017;56(Suppl 1):1-21.

Henchion M, Hayes M, Mullen AM, Fenelon M, Tiwari B. Future protein supply and demand: Strategies and factors influencing a sustainable equilibrium. Foods (Basel, Switzerland). 2017;6(7):53.

FAO. Fishery statistics; 2010.

Augustsson K, Michaud DS, Rimm EB. A prospective study of intake of fish and Marine fatty acids and prostate cancer. Cancer Epidemiol Biomarkers Prev. 2003;12(1):64-7.

Nair GM, Connolly SJ. Should patients with cardio–Vascular disease take fish oil; 2008.

Available:http://www.cmaj.ca/cgi/content/full/178/2/18115/03/2017

National Population Commission of Nigeria (NPC). National Population figures, Abuja; 2006.

Bamigboye EO, Kuponiyi FA, Yusuf OJ. Analysis of farmers’ utilization of fish farming technologies in Ekiti State, Nigeria. Proceedings of the 44th Annual conference of Agricultural Society of Nigeria. LAUTECH; 2010.

Ogunleye KY, Ojo TY, Oyewo T. Training needs of fish farmers in Ibadan north L.G.A of Oyo state. Proceedings of the 44th Annual Conference of Agricultural Society of Nigeria, LAUTECH; 2010.

Olagunju FI, Adesiyan IO, Ezekiel AA. Economic viability of catfish production in Oyo state, Nigeria. Journal of Human Ecology. 2007;21(2):121-124.

Nwibo SU. Economics of catfish production in Ebonyi north agricultural zone of Ebonyi state, Nigeria. Proceedings of International Agricultural Conference ANSUIAC; 2012.

Awoyemi TT. Analysis of profitability of fish farming among women in Osun state. Journal of Economics and Sustainable Development. 2011;2(4).

Olawunmi AT, Dipeolu AO, Bamiro OM. Economic analysis of homestead fish production in Ogun state. Journal of Human Ecology. 2010;31(1):13–17.