Profitability analysis of small-scale fish farming in Mubi metropolis of Adamawa State, Nigeria: Alternative to poverty alleviation

J.D. Daniel1, Z.H. Yerima2, A.B. Shelleng1

1Department of Agricultural Economics and Extension, Adamawa State University, Mubi, Nigeria
2Adamawa State Post Primary Schools Management Board, Yola, Nigeria

(Manuscript received 18 March 2018; accepted for publication 28 May 2018)

Abstract. The study examined the profit potentials of fish farming in Mubi, Adamawa State, Nigeria. Data for the study were obtained from 70 respondents through snow-ball sampling technique between April and May 2015. The results revealed 81.43% of the respondents were youth within the age range of 20-40 years, with majority (74.29%) of them being males. About 74.3% had household members, which range from 1-5, more so, 54.3% had one form of formal education or the other. Most of the respondents also (54.30) were civil servants. Analysis of cost and returns from the fish farms unveiled a net farm profit of $407.37 (₦150 879.22) per cycle, with a benefit cost ratio of 2.03, which implies that a dollar is gained as a profit for every one dollar invested in the farming business in the study area. High cost of fingerlings (25.35%) and inadequate information on fish farming practices (15.02%) were among the major problems militating against fish farming in the area. The study recommended the supply of credit facilities to the respondents as well as extension services delivery through government and non-government organisations to improve on the farmers’ output.