Economic Analysis Of Artisanal Fisherfolks In Opeji Community, Odeda Local Government, Ogun State, Nigeria

Rohimot Oyindamola Sowemimo
Aquaculture and Fisheries Management, Federal University of Agriculture Abeokuta, Ogun State
October, 2014
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Abstract

This study was conducted to evaluate the economic analysis, productivity and profitability of artisanal fishing households in Opeji community, Odeda Local Government Area, Ogun State, Nigeria. A well-structured interview guides were used to collect primary data from fifty respondents. The information collected was analyzed using descriptive and budgetary analysis. The results revealed that almost average (66.0%) of the fisher-folks were males while (44.0)% were in the active age distribution of 31- 40 years, no formal education (52.0%) while (38.0%) are in the bracket of 11-20 year fishing experience, married (88.0%) and (98.0%) are members of fisher society. Most (54.0%) of the fisher folks inherited the fishing knowledge within the household (or as a family business). The results shows a gross margin of N41,295.13 which could be attributed to their performance. Results of the T tests of significance however showed that there is no significant relationship between socio-economic characteristics which include age, sex, marital status, years of experience, level of education and income level of the fisher folks within the households neither was there any significant relationship between constraints faced by the fish farmers and their profit level.
Implications of these findings were critically examined, and pertinent recommendations were proffered based on the salient findings in the study.