Investment prospects in inshore trawling in Nigeria

Akinyemi, O. and Balogun, A.M. and Mabawonku, A.F. (1987) Investment prospects in inshore trawling in Nigeria. In: 5th Annual Conference of the Fisheries Society of Nigeria (FISON) , 22-25 September, 1986 , Ilorin, Nigeria.

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Abstract

Commercial trawling for finfish in Nigeria's inshore water is a recent activity. Intensive industrial trawling started when the Federal Government distributed trawlers to viable fishermen cooperatives during the Third National Development Plan Period (1975-80). Hitherto, industrial fisheries development in the country focused on the assessment of the potential fish stock on Nigeria's continental shelf and measures to increase artisanal production. As a result of increasing demand for fish and shortage of foreign exchange to import fish, measures to increase fish supply leaned towards industrial exploitation of the fisheries potentials of Nigeria's continental shelf. Based on this background, this paper examines the investment prospects of trawling for fish in inshore waters. The fisheries potentials of the inshore zone of Nigeria are identified. Catch efficiency and profitability of inshore trawling are estimated. Measures that can safeguard the longterm interest of the trawling industry are recommended

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