Economic analysis of fish production

Thesis Overview

<p> <b></b></p><p><b><b>1.0<br>INTRODUCTION</b></b></p><p><b><b></b></b></p><b><b><p><b>1.1<br>BACKGROUND OF STUDY</b></p><p><b></b></p><b><p>Over<br>the years Nigeria is a country known for their interest in agriculture<br>especially fish production; among other agricultural products, fish production<br>tend to be one of the most revenue generating section of the agricultural<br>sector in Nigeria.</p><p>According<br>to (Ugwumba and chukwudi, 2010) stated that the growth of a country’s<br>population goes hand in hand with the demand for human basic needs of life;<br>some of these basic needs includes food, water and shelter as the case maybe<br>with unrestricted increase in demand for protein rich food items from animals.</p><p>According<br>to (FAO, 2014) stated that never before have people consumed so much fish or<br>depended so much on the this sector for<br>their well-being because it is kind of cheaper than other protein sources.</p><p>FAO,<br>2014 also stated that in 2012, aquaculture recorded all time production high<br>production of fish and now provides almost half of all fishes for human food.</p><p>According<br>to (Emmanuel et al, 2014) stated that in Nigeria today, the current structure<br>and demand for fish is about three to four times the level of local production.<br>Aquaculture, an aspect of fisheries which is an integral part of agriculture<br>has become the major source of revenue for the Nigeria thereby increase the<br>country’s gross domestic product (GDP) and also help solve the problem of<br>unemployment in Nigeria for our teeming youth if adequately managed.</p><p>The<br>production of fish is the most common form of aquaculture. It involves raising<br>fish commercially in tanks, it can also be in ponds, ocean enclose usually for<br>food.</p><p>Take<br>Nigeria for instance the most important species of fish used in farming and<br>fish production is the Tilapia fish, clarid catfishes and carp as the case<br>maybe.</p><p><b>1.2 STATEMENT OF PRODUCTION</b></p><p><b></b></p><b><p>Fish<br>farming in Nigeria today tend to be on the increase, but there are some factors<br>limiting the efficiency of fish production in Nigeria, some of these factors<br>include poor storage facilities, lack of capital to start up fish production.<br>Another factor that is affecting to efficiency of fish production in Nigeria is<br>oil spillage; oil spillage is one of the major factor affecting to fish<br>production in Nigeria; most of the fishes in the river are dead especially for<br>those living in the Nigeria delta region of Nigeria. What really instigated the<br>study economic analysis of fish farming in Nigeria is due to malnutrition; the<br>research good life, the search for food with high protein content is on the<br>high side due to low production of protein contained food especially animal<br>protein.</p><p><b>1.3 AIMS AND OBJECTIVES OF STUDY</b></p><p><b></b></p><b><p>The<br>main aim of the research work is to examine the effect fish production on the<br>economy of Nigeria. The specific objective of the study as stated as follows:</p><p>1. To<br>examine the relationship between fish production and the economic growth of<br>Nigeria</p><p>2. To<br>investigate on the factors affecting production in Nigeria</p><p>3. To<br>examine the role of Aquaculture in the socio economic development of Nigeria<br>through revenue generation</p><p>4. To<br>discuss the economic benefit of fish production in Nigeria</p><p>5. To<br>examine the relationship between fish production and the rate of unemployment<br>in Nigeria</p><p>6. To<br>proffer recommendation for problem discovered during the research work</p><p><b>1.4 RESEARCH QUESTION</b></p><p><b></b></p><b><p>The<br>study came up with the following research question in order to ascertain the<br>object of the study. Some of the research questions are stated below as<br>follows:</p><p>1. Is<br>there any relationship between fish production and the economic growth of<br>Nigeria?</p><p>2. What<br>are the factors affecting production in Nigeria?</p><p>3. What<br>are the roles of Aquaculture in the socio economic development of Nigeria<br>through revenue generation?</p><p>4. What<br>are the economic benefits of fish production in Nigeria?</p><p>5. Is<br>there any relationship between fish production and the rate of unemployment in<br>Nigeria?</p><p><b>1.5 RESEARCH HYPOTHESIS</b></p><p><b></b></p><b><p>H0:<br>There is no significant relationship between fish production and profitability</p><p>H1:<br>There is significant relationship between fish production and the profitability</p><p><b>1.6 SIGNIFICANCE OF STUDY</b></p><p><b></b></p><b><p>The<br>study will be of immense benefit the federal government of Nigeria, the state government,<br>the citizen of Nigeria, the fish production sectors, and other researchers that<br>wishes to carry out a similar research on the above topic as it will discuss<br>the concept of fish production, the factors affect the efficiency of fish<br>production in Nigeria, the reviews on fish production; it will also proffer<br>solution to the problem facing fish production in Nigeria.</p><p><b>1.7 SCOPE OF STUDY</b></p><p><b></b></p><b><p>The<br>study economic analysis of fish production in Nigeria will cover fish<br>production and the economy of Nigeria using data for the rate of fish<br>production from 1990 to 2015</p><p><b>1.8 LIMITATION OF STUDY</b></p><p><b></b></p><b><p><b>FINANCIAL CONSTRAINTS</b>:<br>financial constraints tend to impede the efficiency of the researcher in<br>getting information concerning the research work from the internet, books and<br>other sources of information. But the information provided by the researcher<br>are well refined to suit the research topic.</p><p><b>TIME CONSTRAINTS</b>:<br>Due to the researcher’s involvement in other school activities like<br>presentation of seminar, attendance to lectures, submission of assignment etc,<br>he or she could not have much time to study further into the research topic.<br>But he or she was able to meet up with the requirements of the research work</p><p><b>1.9 DEFINITION OF TERMS</b></p><p><b></b></p><b><p><b>FISH PRODUCTION</b></p><p><b></b></p><b><p>Refers<br>to the output of fish by<br>humans both from capture fisheries and<br>aquaculture; in this particular context, it does not refer to the<br>biological production of fish.</p><p><b>REFERENCES</b></p><p><b></b></p><b><p>Adeogun,<br>O. A., Ogunbadejo H. K., Ayinla, O. A., Oresegun A., Oguntade, O. R., Tanko and<br>Williams, S. B. 2007. Urban Aquaculture: Producer Perceptions and Practices in<br>Lagos State, Nigeria, Nigerian Institute for Oceanography and Marine Research,<br>Victoria Island, Lagos, Nigeria. Middle-East Journal of Scientific Research 2<br>(1):21-27. Adeosun, F. I., Bemji, M. N., Adekunle, N. O. and Bolarinwa 2009.<br>Edo State Diagnostic Survey Report In: Report of a Diagnostic Survey in<br>Agriculture Conduction in Edo State, Nigeria, 4-13p. Aphunu, A. and Nwabeze, G.<br>O. 2012. Fish Farmers’ Perception of Climate change impact on fish production<br>in Delta State, Nigeria. Department of Agricultural Extension and Management<br>Delta State Polytechnic, Ozoro. National Institute for Freshwater Fisheries<br>Research, New Bussa, Niger State. Journal of Agricultural Extension 16 (2),<br>December 2012. Atanda, A. N. 2007. Freshwater fish seed resources in Nigeria,<br>pp. 361-380. In: Bondad-Reantaso, M. G. (ed.).</p></b></b></b></b></b></b></b></b></b></b></b></b></b><br> <br><p></p>