ECONOMIC ANALYSIS OF FISH PRODUCTION
CHAPTER ONE
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:
To examine the relationship between fish production and the economic growth of Nigeria
To investigate on the factors affecting production in Nigeria
To examine the role of Aquaculture in the socio economic development of Nigeria through revenue generation
To discuss the economic benefit of fish production in Nigeria
To examine the relationship between fish production and the rate of unemployment in Nigeria
To proffer recommendation for problem discovered during the research work
1.4 RESEARCH QUESTION
