Economic Analysis of Fish Farming in Osun State, South-Western Nigeria
Olasunkanmi, John Bunmi
Abstract:
Information on economic viability of aquaculture is crucial for investors when assessing the feasibility of an aquaculture investment. Unfortunately, such information has been scarce in Nigeria. The economic analysis of fish farming in Osun State, South-Western Nigeria was therefore carried out using data collected from seventy two randomly selected fish farms. Data were analyzed using descriptive statistics, costs and returns, as well as multiple regression analysis. The relationship between fish output and five inputs: feed, fertilizer, lime, labour and fingerlings were measured using Cobb-Douglass production model. Results suggest that a unit increase in fertilizer application contributed 46 percent increase to the profitability of the fish farms and this was significant at p