Assessment of Socio-Economic Analysis of Fish Farming in Oyo State, Nigeria

Olaoye; O. J, Ashley-Dejo

Assessment of Socio-Economic Analysis of Fish Farming in Oyo State, Nigeria

Olaoye * §

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O. J, Ashley-Dejo

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§ Federal University of Agriculture, Abeokuta

Assessment of Socio-Economic Analysis of Fish Farming in Oyo State, Nigeria

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Abstract

This study assessed the socio-economic analysis of fish farming in Oyo State, Nigeria. A multi- stage random sampling technique was used to select 222 fish farmers from all the four agricultural zones in the state. Data collected were analyzed using descriptive statistics, budgetary analysis and profitability ratios. The study revealed that the mean age, household size and fish farming experience were 46 years, 6 persons per household and 9.3 years respectively. The result of the budgetary analysis show that average total cost (TC) of N 2,883, 515.08 was incurred, total revenue (TR) of N 4,873,521.29 was realized and a returning gross margin (GM) of N 2,376,616.36. The profitability ratio gave a benefit-cost ratio of 1.69, rate of return of 0.69 gross revenue ratio (GRR) of 0.59 and expense structure ratio (ESR) of 0.15. This is an indication that fish farming is profitable in the study area. Constraints perceived by most of the farmers include high cost of fish feed and market price fluctuation. Significant level of profit obtained from the study is evidence that it has the potential in alleviating household poverty in the country thus; government should provide credit facilities with small interest rate to fish farmers.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

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How to Cite This Article

Olaoye, O. J, Ashley-Dejo. 2013. "Assessment of Socio-Economic Analysis of Fish Farming in Oyo State, Nigeria". Global Journal of Science Frontier Research - D: Agriculture & Veterinary GJSFR-D Volume 13 (GJSFR Volume 13 Issue D9).

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GJSFR Volume 13 Issue D9

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Journal Specifications

Crossref Journal DOI 10.17406/GJSFR

Print ISSN 0975-5896

e-ISSN 2249-4626

Keywords

fingerlings fish farming Income revenue total cost

Classification

GJSFR-D Classification FOR Code: 079999

070401

070499

Submission ReceivedJune 26, 2013
Peer Review Double Blind
Handling Editor
Accepted July 19, 2013
Published August 1, 2013

Version of record

v1.2

Issue date

August 3, 2013

Language

English

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Article Matrices

Total Score: 158

Country: Nigeria

Subject: Global Journal of Science Frontier Research

Authors: Olaoye, O. J, Ashley-Dejo, S. S, Fakoya, E. O, Ikeweinwe, N. B, Alegbeleye, W. O, Ashaolu, F.O, Adelaja, O. A (PhD/Dr. count: 0)

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