Economic analysis of utilizing Kainji gas kiln for fish smoking in the Kainji Lake Basin of Nigeria

Ayanda, J.O. and Eyo, A.A. (1987) Economic analysis of utilizing Kainji gas kiln for fish smoking in the Kainji Lake Basin of Nigeria. In: 5th Annual Conference of the Fisheries Society of Nigeria (FISON) , 22-25 Sep 1986 , Ilorin, Nigeria.

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Abstract

Marketing of smoked fish in the Kainji Lake Basin (Nigeria) has been found to be complex, traditional and inefficient. It is also said to be limited in scope due to poor handling and processing techniques, lack of storage facilities and inadequate marketing informations. The invention of Kainji gas kiln has been found suitable to overcoming poor handling and processing techniques. This paper discusses the feasibility of operating Kainji gas kiln commercially supported with adequate storage facilities and competent management hands. The financial indicators of net present value (NPV), 47,481.11, Internal rate of return (IRR) 24% and payback period of 2.3 years that are calculated confirmed that the commercial use of Kainji gas kiln is indeed profitably feasible

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