Profitability of small scale fish farming in Minna agricultural zone of Niger state in Nigeria
Sadiq Mohammed Sanusi
Indian Journal of Economics and Development
Year : 2014, Volume : 10, Issue : 4
First page : ( 382) Last page : ( 386)
Print ISSN : 2277-5412. Online ISSN : 2322-0430.
Article DOI : 10.5958/2322-0430.2014.00561.7
Profitability of small scale fish farming in Minna Agricultural Zone of Niger state in Nigeria
Sanusi Sadiq Mohammed
Research Scholar, Department of Agricultural Economics and Extension Technology, Federal University of Technology, Minna, Nigeria. Email: email@example.com
JEL Classification: Q12, Q10, Q14, L25
The results revealed that there was a high literacy level among sample farmers (95.4 percent) which is enough to support information on technology use. On an average total cost of 403139 was incurred while total revenue of 631316 was realized with a gross margin of 356906 and net income of 228177 per hectare per annum. The rate of return on investment of 0.56 implies that for every one naira invested, a return of 1.56 and a profit of 0.56 were obtained with production efficiency index of 1.56 reaffirming the ingenuity of the considerable level of profitability achieved in the enterprise. This showed that fish production in the study area was economically rewarding and profitable. It is capable of creating employment, augmenting income and improving the standards of living of the people. The government participation in fish farming is solicited to boost the quantity of fish available for consumption.