Economics of Catfish Production in Akwa Ibom State, Nigeria

Economics of Catfish Production in Akwa Ibom State, Nigeria

Ubong Asa

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Asa

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U. A.

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L. C. Obinaju

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University of Uyo

Economics of Catfish Production in Akwa Ibom State, Nigeria

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Abstract

The study examined the economics of catfish production in Akwa Ibom State, Nigeria. Data for the study were obtained from 120 catfish farmers in Akwa Ibom State using multi-stage sampling procedure, and analyzed using descriptive statistics and budgeting technique. Results show that 36.7% of the respondents were aged between 41-50 years with 85.8% being married and 80% having formal education. The costs and returns analysis indicates that the fixed cost constituted 65.37% of the total cost of production while the variable cost constituted 34.63%. The total cost of catfish production was N37, 845,240.00; the total revenue was N56, 385,000.00 and the net income was N18, 539,760.00 indicating that catfish production was profitable in the study area. Findings also reveal that high cost of feeds, high cost of pond construction and lack of capital/finance were the most severe constraints to catfish farming in Akwa Ibom State, Nigeria. It is recommended that prices of feeds and access to feeds be regulated by the State Government in order to reduce the problems of high cost of feeds/inadequate supply of feeds to catfish farmers in the State.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Ubong Asa. 2014. \u201cEconomics of Catfish Production in Akwa Ibom State, Nigeria\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 14 (GJMBR Volume 14 Issue B3).

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GJMBR Volume 14 Issue B3

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

akwa ibom state Catfish economics production

Submission ReceivedDecember 12, 2013
Peer Review Double Blind
Handling Editor
Accepted January 2, 2014
Published January 15, 2014

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v1.2

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June 4, 2014

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Article Matrices

Total Score: 103

Country: Nigeria

Subject: Global Journal of Management and Business Research - B: Economic & Commerce

Authors: Asa, U. A., L. C. Obinaju (PhD/Dr. count: 0)

View Count (all-time): 187

Total Views (Real + Logic): 4515

Total Downloads (simulated): 2366

Publish Date: 2014 06, Wed

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Total Views: 4515

Total Downloads: 2366

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