Thesis Abstract

Abstract
Fish production plays a vital role in the global economy, providing a crucial source of protein and employment for millions of people worldwide. This study aims to conduct an economic analysis of fish production, focusing on the key factors that influence the profitability and sustainability of this industry. The research will explore the various costs involved in fish production, including inputs such as feed, labor, equipment, and transportation. It will also examine the revenue streams generated by selling fish products in local and international markets. Moreover, this study will investigate the impact of factors such as market demand, government regulations, and environmental conditions on fish production economics. By analyzing these factors, the research aims to provide insights into how fish producers can optimize their operations to maximize profits while ensuring the long-term sustainability of their businesses. Additionally, the study will assess the economic benefits of adopting sustainable practices in fish production, such as using eco-friendly feed, reducing waste, and minimizing environmental impact. Furthermore, the research will explore the role of technology and innovation in enhancing the economic efficiency of fish production. By examining the latest advancements in aquaculture techniques, breeding practices, and fish processing technologies, the study aims to identify opportunities for fish producers to improve productivity and reduce costs. The research will also analyze the potential economic implications of emerging trends in the fish production industry, such as the growing demand for organic and premium fish products. In conclusion, this study will provide valuable insights into the economic dynamics of fish production and offer recommendations for improving the profitability and sustainability of this industry. By understanding the key drivers of fish production economics and exploring opportunities for innovation and optimization, fish producers can enhance their competitiveness in the global market while contributing to food security and economic development.

Thesis Overview

1.0
INTRODUCTION

1.1
BACKGROUND OF STUDY

Over
the years Nigeria is a country known for their interest in agriculture
especially fish production; among other agricultural products, fish production
tend to be one of the most revenue generating section of the agricultural
sector in Nigeria.

According
to (Ugwumba and chukwudi, 2010) stated that the growth of a country’s
population goes hand in hand with the demand for human basic needs of life;
some of these basic needs includes food, water and shelter as the case maybe
with unrestricted increase in demand for protein rich food items from animals.

According
to (FAO, 2014) stated that never before have people consumed so much fish or
depended so much on the this sector for
their well-being because it is kind of cheaper than other protein sources.

FAO,
2014 also stated that in 2012, aquaculture recorded all time production high
production of fish and now provides almost half of all fishes for human food.

According
to (Emmanuel et al, 2014) stated that in Nigeria today, the current structure
and demand for fish is about three to four times the level of local production.
Aquaculture, an aspect of fisheries which is an integral part of agriculture
has become the major source of revenue for the Nigeria thereby increase the
country’s gross domestic product (GDP) and also help solve the problem of
unemployment in Nigeria for our teeming youth if adequately managed.

The
production of fish is the most common form of aquaculture. It involves raising
fish commercially in tanks, it can also be in ponds, ocean enclose usually for
food.

Take
Nigeria for instance the most important species of fish used in farming and
fish production is the Tilapia fish, clarid catfishes and carp as the case
maybe.

1.2 STATEMENT OF PRODUCTION

Fish
farming in Nigeria today tend to be on the increase, but there are some factors
limiting the efficiency of fish production in Nigeria, some of these factors
include poor storage facilities, lack of capital to start up fish production.
Another factor that is affecting to efficiency of fish production in Nigeria is
oil spillage; oil spillage is one of the major factor affecting to fish
production in Nigeria; most of the fishes in the river are dead especially for
those living in the Nigeria delta region of Nigeria. What really instigated the
study economic analysis of fish farming in Nigeria is due to malnutrition; the
research good life, the search for food with high protein content is on the
high side due to low production of protein contained food especially animal
protein.

1.3 AIMS AND OBJECTIVES OF STUDY

The
main aim of the research work is to examine the effect fish production on the
economy of Nigeria. The specific objective of the study as stated as follows:

1. To
examine the relationship between fish production and the economic growth of
Nigeria

2. To
investigate on the factors affecting production in Nigeria

3. To
examine the role of Aquaculture in the socio economic development of Nigeria
through revenue generation

4. To
discuss the economic benefit of fish production in Nigeria

5. To
examine the relationship between fish production and the rate of unemployment
in Nigeria

6. To
proffer recommendation for problem discovered during the research work

1.4 RESEARCH QUESTION

The
study came up with the following research question in order to ascertain the
object of the study. Some of the research questions are stated below as
follows:

1. Is
there any relationship between fish production and the economic growth of
Nigeria?

2. What
are the factors affecting production in Nigeria?

3. What
are the roles of Aquaculture in the socio economic development of Nigeria
through revenue generation?

4. What
are the economic benefits of fish production in Nigeria?

5. Is
there any relationship between fish production and the rate of unemployment in
Nigeria?

1.5 RESEARCH HYPOTHESIS

H0:
There is no significant relationship between fish production and profitability

H1:
There is significant relationship between fish production and the profitability

1.6 SIGNIFICANCE OF STUDY

The
study will be of immense benefit the federal government of Nigeria, the state government,
the citizen of Nigeria, the fish production sectors, and other researchers that
wishes to carry out a similar research on the above topic as it will discuss
the concept of fish production, the factors affect the efficiency of fish
production in Nigeria, the reviews on fish production; it will also proffer
solution to the problem facing fish production in Nigeria.

1.7 SCOPE OF STUDY

The
study economic analysis of fish production in Nigeria will cover fish
production and the economy of Nigeria using data for the rate of fish
production from 1990 to 2015

1.8 LIMITATION OF STUDY

FINANCIAL CONSTRAINTS:
financial constraints tend to impede the efficiency of the researcher in
getting information concerning the research work from the internet, books and
other sources of information. But the information provided by the researcher
are well refined to suit the research topic.

TIME CONSTRAINTS:
Due to the researcher’s involvement in other school activities like
presentation of seminar, attendance to lectures, submission of assignment etc,
he or she could not have much time to study further into the research topic.
But he or she was able to meet up with the requirements of the research work

1.9 DEFINITION OF TERMS

FISH PRODUCTION

Refers
to the output of fish by
humans both from capture fisheries and
aquaculture; in this particular context, it does not refer to the
biological production of fish.

REFERENCES

Adeogun,
O. A., Ogunbadejo H. K., Ayinla, O. A., Oresegun A., Oguntade, O. R., Tanko and
Williams, S. B. 2007. Urban Aquaculture: Producer Perceptions and Practices in
Lagos State, Nigeria, Nigerian Institute for Oceanography and Marine Research,
Victoria Island, Lagos, Nigeria. Middle-East Journal of Scientific Research 2
(1):21-27. Adeosun, F. I., Bemji, M. N., Adekunle, N. O. and Bolarinwa 2009.
Edo State Diagnostic Survey Report In: Report of a Diagnostic Survey in
Agriculture Conduction in Edo State, Nigeria, 4-13p. Aphunu, A. and Nwabeze, G.
O. 2012. Fish Farmers’ Perception of Climate change impact on fish production
in Delta State, Nigeria. Department of Agricultural Extension and Management
Delta State Polytechnic, Ozoro. National Institute for Freshwater Fisheries
Research, New Bussa, Niger State. Journal of Agricultural Extension 16 (2),
December 2012. Atanda, A. N. 2007. Freshwater fish seed resources in Nigeria,
pp. 361-380. In: Bondad-Reantaso, M. G. (ed.).