Artisanal canoe fishing industry of the Rivers State: its economic viability and investment potentials

Alfred-Ockiya, J.F. (1987) Artisanal canoe fishing industry of the Rivers State: its economic viability and investment potentials. In: 5th Annual Conference of the Fisheries Society of Nigeria (FISON) , 22-25 September, 1986 ,Ilorin, Nigeria, pp. 92-103.

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Abstract

Consequent upon the present national call in Nigeria for all to go back to agriculture including fishing, most retrenched workers and unemployed youths from the riverine areas are taking up fishing as a legitimate and gainful livelihood. To sustain this tempo and attract more investment, the economic viability of such projects must be known. This study is an attempt to document the profitability and investment potential of artisanal canoe fishing. Socio-economic information including catches, operational cost and returns were obtained through a personal interview questionnaire survey of 240 randomly selected artisanal canoe fishermen from Bonny, Brass and Degema Local Government Areas (LGA) of the State and analyzed. With an investment cost of about 8,135, 8,490 and 6,571 and operation cost of 750, 776 and 627, the analysis showed an average monthly gross income of 1,869, 3,221 and 1,775 for the three local government areas respectively. A benefit-cost-ratio of 1:8, net present value of 400, 603 and internal rate of return greater than 50% were obtained. Since capital invested in fisheries is not tied up for long before benefits start flowing, coupled with the high IRR, it is concluded that artisanal canoe fishing would be an economically viable venture if well managed

Item Type: Conference or Workshop Item
Title: Artisanal canoe fishing industry of the Rivers State: its economic viability and investment potentials
Personal Creator/Author:
CreatorsEmail
Alfred-Ockiya, J.F.
Page Range: pp. 92-103
Date: 1987
Event Title: 5th Annual Conference of the Fisheries Society of Nigeria (FISON)
Event Type: Conference
Event Location: Ilorin, Nigeria
Event Dates: 22-25 September, 1986
Issuing Agency: Fisheries Society of Nigeria
Uncontrolled Keywords: Nigeria, River State; artisanal fishing; canoe fisheries; fishery development; fishery economics; investments
Subjects: Fisheries
Item ID: 3448
Depositing User: Ms Maria Kalentsits
Date Deposited: 28 May 2010 19:18
Last Modified: 29 Sep 2011 17:25
Related URLs:
URI: http://aquaticcommons.org/id/eprint/3448

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