Impact of Nigerian Agricultural Cooperative and Rural Development Bank (NACRDB) loan to artisanal fishermen in Lake Kainji

Ahmed, Y.B. and Eyo, A.A. and Usman, A. (2005) Impact of Nigerian Agricultural Cooperative and Rural Development Bank (NACRDB) loan to artisanal fishermen in Lake Kainji. In: 19th Annual Conference of the Fisheries Society of Nigeria (FISON) , 29 Nov - 03 Dec 2004 ,Ilorin, Nigeria, pp. 102-113.

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Abstract

This study was conducted to assess the impact of Nigerian Agricultural, Co-operative and Rural Development Bank Loan on beneficiaries and non-beneficiaries fishermen in Lake Kainji. A total of fifty fishermen (25 beneficiaries and 25 non-beneficiaries) were randomly selected from five fishing villages along the lake basin. Data collected were scored and the percentages of the parameters were calculated appropriately. The types of loans disbursed to beneficiaries revealed that 52% was cash and 48% was in kind. The credit package ranged between N5, 000 to N150, 000 only. Only 48% of the loans granted were paid while the rest remained unpaid. The results obtained from the membership of fishermen Cooperative showed that 64% of beneficiaries were members while 36% were non-members. Also 36% of non-beneficiaries were members while 64% were not. The Common fishing gears used by the two categories of fishermen include gillnets longline, castnet and driftnets. Sixty percent of beneficiaries and 8% of non-beneficiaries fishermen were using canoe with outboard engines while the rest used canoes with paddles. Beneficiaries earned a higher income (N1, 000 to N9, 000) daily than non-beneficiaries (N1, 000 to N6, 000) daily from sales of fish caught. Major contrainsts to increased catch and income identified include inadequate capital, non- availability of fishing inputs, stealing of fishing gears, lack of access to credit facilities and menace of stump and water hyacinth in the lake. Lastly, recommendation were made for the bank management, government and other lending institutions on how to improve the livelihood of the Artisanal fishermen by increasing the loan usually granted

Item Type: Conference or Workshop Item
Title: Impact of Nigerian Agricultural Cooperative and Rural Development Bank (NACRDB) loan to artisanal fishermen in Lake Kainji
Personal Creator/Author:
CreatorsEmail
Ahmed, Y.B.
Eyo, A.A.
Usman, A.
Page Range: pp. 102-113
Date: 2005
Event Title: 19th Annual Conference of the Fisheries Society of Nigeria (FISON)
Event Type: Conference
Event Location: Ilorin, Nigeria
Event Dates: 29 Nov - 03 Dec 2004
Issuing Agency: Fisheries Society of Nigeria
Uncontrolled Keywords: Nigeria, Lake Kainji; artisanal fishing; cooperatives; financial institutions; financial management; financing; fishermen
Subjects: Fisheries

Sociology
Item ID: 3999
Depositing User: Ms Maria Kalentsits
Date Deposited: 22 Aug 2010 16:09
Last Modified: 29 Sep 2011 16:36
Related URLs:
URI: http://aquaticcommons.org/id/eprint/3999

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