Life at retirement is a very critical period in the life of people. As a result it is expected that retirees, since they have more time to themselves, should be engaged in one activity or the other in order to earn extra income to supplement their pension. This study was conducted to ascertain if many retirees are engaged in fish farming in Delta state, Nigeria, considering the fact that fish is in high demand because of the nutritional value. Two hundred and thirty (230) respondents were selected for this study. Data were collected with the use of questionnaires and interview schedule. Most of the retirees were males, married and educated, with average household size of 5 persons. They had attended agricultural extension training sessions during their active service years. However, most of them were not engaged in fish farming after retirement. The decision of those who are engaged in fish farming was influenced by level of education, marital status, household size and extension training. Conversely, the decision of those who were not engaged in fish farming was informed by their age and gender. It was recommended that workers should be trained and encouraged to engage in fish farming after retirement, agricultural extension training programmes for workers (members of workers cooperative societies) should be sustained and workers need to be encouraged to engage in fish farming some years prior to their retirement.
ENTREPRENEURSHIP PROSOECTS OF AQUACULTURE FOR FINANCIAL DEVELOPMENT, EMPOWERMENT AND POVERTY ALLEVIATION IN NIGERIA (Review Completed - Accepted)
Aquaculture (fish farm) has been identified and proffered here as a veritable and sustainable tool that can be used to accomplish (or at least promote) development , empowerment and alleviating poverty amongst the unemployed. A great majority of Nigerian youths and women are poor and seriously need to be financially empowered. The unfortunate negligence and subjugation of this group of people in Nigeria by past governments over the years, were highlighted. Training of the individuals in aquaculture may involve private experts in fish farming, or the government. It is recommended that the fish farm project for each participating, person be one that comprised 10 hart fish tanks to accommodate 4000 fingerlings using the flow through system. A group project can involve 500 youths and 500 women at a time across the country. The cost of the programme, proposed (to run initially for 3yrs) would be up to 6,000,000.000 naira for each participant(about $37,500) and the financial return within the period is more than 15,000,000.00($93,750). The possible sources of funding or recoverable grant/soft loan are the federal and state governments, multinational companies, public spirited individuals, SURE-P, YEP UNDP and others listed. The need to involve professionals in fish production and financial experts, to monitor and implement this program successfully is strongly advocated. Aquaculture is highly recommended as an entrepreneurship tool to financially develop and empower the poor in Nigeria as it has great potentials to adequately accomplish this