Tag Archives: Cost Benefit

Socioeconomic Survey and Cost-Benefit Analysis of Artisanal Fisheries in Egbin Waterside, Lagos Lagoon, Lagos State, Nigeria (Published)

Socioeconomic survey of artisanal fisherfolks of  Egbin waterside, Lagos lagoon, Lagos State, Nigeria conducted for 6 months (April 2015-October, 2015)  revealed the presence of 15 most commonly caught  species  viz Caranx senegalensis, Tilapia zilli, Cynoglossus  cynoglossus, Pomadasy jubelini(grunter), Trachinotus goreensis (owere), Sphagebranchus cephaloptis(snake eel), Eucinostomus melanopterus(flagfin mojarra), Chrysichthys nigrodigitatus, Polynemus decadactylus (African threadfin), Erpetoichthys calabaricus (reed fish), Pseudotolithus elongatus ,Mugil cephalus and Ethmalosa fimbriata, Sphyraena piscatorum and Elops lacerta . Socioeconomic survey of the fisher folks revealed a high rate of illiteracy among the fisherfolks of Egbin. About 60% had no formal education, hence the generally poor record-keeping  habit observed. About 60% of whom practiced cast net fishing supplemented with gill netting(21%), hooks and lines(17%) revealed dearth of infrastructural facilities, poor record keeping habit, lack of awareness of modern fishing laws and regulations, poor access to credit and improved fishing inputs and extension services. Cost-benefit analysis showed the use of paddled canoes by 20% of the fisherfolks was less profitable than use of motorised canoes by 80% of the fisherfolks. Earnings before Tax  for fishing with paddle canoes and motorised canoes were N379,500 and N1,564,500.00 respectively. Return On Sales(ROS) for paddled and motorised canoe users were 46% and 58% respectively while the Benefit-Cost ratio were 1.86: 1  and 2.40:1 respectively. The diverse challenges facing the fisher folks  calls for provision of a conducive enabling environment by the government. There is a need for training and sensitization of the fisherfolks of Ondo State. Policy makers should also adopt a ‘ Bottom-up approach’ to incorporate the specific needs of the artisanal fisher folks who were the major stakeholders.

Keywords: Artisanal Fisheries, Cost Benefit, Lagos Lagoon, Socioeconomic Survey

COST BENEFIT OF FRESH FISH MARKETING WITHIN ABAKIALIKI METROPOLIS (Published)

The study analyzed the cost benefits of fresh fish marketing within Abakaliki metropolis, the objectives of the study were to determine the costs and returns of fresh fish marketing in the study area, as well as identify the factors affecting the quality and quantity of fish marketed in the study area. Oral interview schedule was used to collect data from seventy (70) respondents who were randomly selected. The data were analyzed using appropriate statistical tools. Objective (1) was analyzed using gross margin model, while objective (2), was analyzed using mean score in the form of a five-point Likert scale model. The result obtained from the gross margin analysis showed that a profit (π) of (N 110,280) was made by fish sellers from selling fresh sardine (Sardinella aurita) given a TFC of N 1,500, TVC of N 3,165,720, TR of N 3,276,000, and a GM of N 110,130. The mean score analysis in the form of a five-point likert scale showed that the most accepted factors that affect the quality and quantity of fresh fish sold include; financial problem (3.8) and consumer’s choice (3.7). In conclusion, it has been observed that fish marketing in Abakaliki urban is a lucrative venture although, fish is marketed in different forms either as fresh, smoked or dried fish. Marketers have lots of challenges, which the researcher has tried to proffer solutions to as attested by the majority of the respondents. Based on the research findings, the following policy recommendations were therefore proffered. Government should subsidize the price of fish to enable fresh fish sellers purchase at cheaper rate, as well there should be adequate provision of cold rooms to reduce the losses by fish sellers.

Keywords: Abakialiki Metropolis, Cost Benefit, Fresh Fish Marketing