ECONOMIC ANALYSIS OF FISH FARMING AND ITS CONTRIBUTION TO HOUSEHOLD POVERTY ALLEVIATION IN AKURE SOUTH AND OWO LOCAL GOVERNMENT AREAS OF ONDO STATE, NIGERIA
Table Of Contents
- <p> <b>TABLE OF CONTENTS</b></p><p> <b></b>Title Page………………………………………………………………………………....i </p><p>Declaration……………………………………………………………………………....ii </p><p>Certification………………………………………………………………………...…...iii </p><p>Dedication……………………………………………………………………………….iv </p><p>Acknowledgements..…………………………………………………………………….v </p><p>Table of Contents…………………………………………………………………….....vi </p><p>List of Tables………………………………………………………………………….....x </p><p>List of Figures…………………………………………………………………………...xi </p><p>Appendix…………...…………………………………………………………………..xii</p><p> Abstract………………………………………………………………………………..xiii </p><p>
Chapter ONE
INTRODUCTION
- ………………………………………………………………………..1 </p><p>INTRODUCTION……………………………………………………………………….1 </p><p>
- 1.1Background to the study……………………………………………………………..1 </p><p>
- 1.2Problem Statement…………………………………………………………………...3 </p><p>
- 1.3Objectives of the Study………………………………………………………………6 </p><p>
- 1.4Justification of the Study…………………………………………………………….6 </p><p>
- 1.5Test of Hypothesis…………………………………………………………………...8 <br></p><p>
Chapter TWO
LITERATURE REVIEW
- ……………………………………………………………………….9 </p><p>LITERATURE REVIEW………………………………………………………………..9 </p><p>
- 2.1World Aquaculture and Capture Production………………………………………...9 </p><p>
- 2.2Fish Farming and Food Security…………………………………………………...12 </p><p>2.
- 2.1Nutritional benefits of fish………………………………………………………..14 </p><p>
- 2.3Role of Fish farming in Achieving Millennium Development Goals……………...16 </p><p>
- 2.4Fish Culture Systems……………………………………………………………….20 </p><p>2.
- 4.1Economic consideration in fish culture systems……………………………….....21 </p><p>2.
- 4.2Design consideration in fish culture system……………………………………...22 </p><p>2.
- 4.3Fish culture management…………………………………………………………25 </p><p>
- 2.5Species of Fish and Selection………………………………………………………26 </p><p>
- 2.6Overview of Fish Production in Nigeria……………………………………………27 <br></p><p>
- 2.7Problems militating against Fish Farming in Nigeria………………………………29 </p><p>
- 2.8Poverty Profile of Nigeria………………………………………………………......30 </p><p>2.
- 8.1Poverty reduction strategies in Nigeria…………………………………………..31 </p><p>
- 2.9Theoretical Framework……………………………………………………………..32 </p><p>2.
- 9.1Tobit regression model…………………………………………………………...32 </p><p>2.
- 9.2Profitability measurement………………………………………………………...33 </p><p>2.9.
- 2.1Net farm income analysis………………………………………………………33 </p><p>2.
- 9.3Poverty measurement…………………………………………………………….33 </p><p>2.9.
- 3.1Estimating poverty line through expenditure approach…………………………33 </p><p>2.9.
- 3.2Weighted poverty index………………………………………………………...34 </p><p>
Chapter THREE
RESEARCH METHODOLOGY
- …………………………………………………………………...36 </p><p>METHODOLOGY……………………………………………………………………..36 </p><p>
- 3.1Description of the Study Area……………………………………………………...36 </p><p>
- 3.2Sample Size and Sampling Technique…………………………………………......38 </p><p>
- 3.3Method of Data Collection…………………………………………………………38 <br></p><p>
- 3.4Analytical Techniques……………………………………………………………...38 </p><p>3.
- 4.1Descriptive statistics……………………………………………………………...39 </p><p>3.
- 4.2Tobit regression model…………………………………………………………...39 </p><p>3.4.
- 2.1Operational measurement of variables…………………………………………40 </p><p>3.
- 4.3Net farm income analysis………………………………………………...............42 </p><p>3.
- 4.4Estimating poverty line through expenditure approach………………………......43 </p><p>3.
- 4.5Weighted poverty index………………………………………………………......43 </p><p>3.
- 4.6Z test……………………………………………………………………………...44 </p><p>
Chapter FOUR
DATA PRESENTATION AND ANALYSIS
- …………………………………………………………………….45 </p><p>RESULTS AND DISCUSSION……………………………………………………......45 </p><p>
- 4.1Socio-economic Characteristics of Fish Farmers…………………………………..45 <br></p><p> 4.
- 1.1Age of fish farmers…………………………………………………………….....45 </p><p>4.
- 1.2Level of education of fish farmers……………………………………………......46 </p><p>4.
- 1.3Gender of fish farmers……………………………………………………………46 </p><p>4.
- 1.4Family size of fish farmers……………………………………………..…….......47 </p><p>4.
- 1.5Years of experience of fish farmers……………………………………................48 </p><p>4.
- 1.6Sources of start-up capital of fish farmers……………………………………......48 </p><p>4.
- 1.7Nature of involvement in fish farming………………………………...................49</p><p>
- 4.2Species of Fish and Culture Systems……………………………………………….50 4</p><p>.
- 2.1Sources of fingerling and juveniles…………………………................................50 </p><p>4.
- 2.2Rearing facilities of fish farmers…………………………………………………51 </p><p>4.
- 2.3Sources of water……………………………………………………………….....52 </p><p>
- 4.3Factors Influencing the Intensity of Fish Farming…………………………….…...53 </p><p>
- 4.4Profitability Analysis……………………………………………………………….56</p><p>
- 4.5Poverty line among Fish Farmers……………………………...…………………...59 </p><p>4.
- 5.1Poverty status of fish farmers……………………………………………….........59 <br></p><p>
- 4.6Contribution of Fish farming to Poverty Alleviation………………………………60 </p><p>
- 4.7Problems facing Fish Farmers…………………………………………...................61 </p><p>
Chapter FIVE
SUMMARY, CONCLUSION AND RECOMMENDATIONS
- ……………………………………………………………………...64 </p><p>SUMMARY, CONCLUSION AND RECOMMENDATIONS………………….........64 </p><p>
- 5.1Summary……………………………………………………………………………64 </p><p>
- 5.2Conclusion…………………………………………………………………….........65 </p><p>
- 5.3Contribution to knowledge.……………...………………………………………....65 </p><p>
- 5.4Recommendations…………………………………………………….....................66 </p><p>References……………………………………………………………….………..........69 </p><p>Appendix……………………………………………………………………………….75 <br></p>
Project Abstract
<p> <b>ABSTRACT </b></p><p>The study focused on the economic analysis of fish farming and its contribution to household poverty alleviation in Akure South and Owo Local Government Areas of Ondo State, Nigeria. A multi stage sampling technique was used to select 100 fish farmers for the study during the 2013 production cycle. Data obtained were analyzed using descriptive statistics, net farm income analysis, Tobit regression model, expenditure approach of determining poverty line, Foster, Greer and Thorbecke technique and z-test. Results of the study showed that 63% of the fish farmers were still within the economically active age bracket of 20-49; 80% of the respondents had tertiary education while 70% had an average of 4 years of farming experience. Earthen pond was used by about 78% of the respondents to culture fish; 88% of the farmers practiced monoculture while 12% practiced polyculture. Significant determinants of intensity of fish farming were pond size (0.0004), number of ponds (0.1051), feed (0.6411), start-up capital (-0.6771), labour (-0.0003), years of experience (0.0105) and level of education (0.0169). An average quantity of 3,097.00 kilogram of table size fish was harvested from an average pond size of 353.00m 2 at the end of the production cycle. The net farm income analysis showed that fish farming was profitable in the study area with a profit of N2,432.37/m2 being realized by a farmer at the end of the production cycle. At 0.05 probability level, the calculated z value was statistically significant and thereby ascertained the positive contribution of fish farming to household poverty alleviation. Notable problems facing fish farmers were high cost of fish feed (33.06%), inadequate capital (22.98%) and inadequate market (12.09%). The study recommended that farmers should be trained on how to compound feed used in raising fish. It is also recommended that increased credit facilities toward aquaculture by financial institutions will help farmers to expand their scale of operation and practice modern culture system such as re-circulatory aquaculture system. <br></p>
Project Overview