This study was aimed at assessing how efficient the small - scale fishing units in Lagos State, Nigeria use the
monetary inputs: costs of gear repairs, craft repairs, fuel, fishing losses, hired labor, and the residual costs of craft and gear.
Between January and December, 113 mechanized and 43 non-mechanized fishing units in 21 purposively chosen coastal
villages were surveyed bi-monthly through questionnaire administration. The input and output (earnings) data were
analyzed using the linear regression and Cobb-Douglas technique in monetary terms and Ordinary Least Square methods to
determine the elasticities of the fishing units in the wet and dry seasons. The regression output for the non-mechanized
category produced good fits for the yield models with adjusted R
values range of 0.88 in the wet to 0.98 in the dry seasons.
The mechanized category showed respective regression outputs of AR
of 0.94 and 0.62. The Durbin-Watson statistic
showed moderate multicollinearity amongst the chosen variable inputs. The non-mechanized category had three significant
explanatory variables in the dry season while five were significant in the wet season at the 0.05 level. The mechanized
category had significant F-ratio values at the 0.05 level in the seasons. The seasonal technical efficiency evaluated using
the chosen cost variables showed that there was inefficient combination of the inputs for optimal production.
Jinadu, O.O. Economic Efficiency in the Coastal Small-scale Fisheries in Lagos State, Nigeria. In: Microbehavior and Macroresults:Proceedings of the Tenth Biennial Conference of the International Institute ofFisheries Economics and Trade, July 10-14, 2000, Corvallis, Oregon, USA.Compiled by Richard S. Johnston and Ann L. Shriver. InternationalInstitute of Fisheries Economics and Trade (IIFET), Corvallis, 2001.