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Challenges and Investment Opportunities for Large Scale Aquaculture Farmers in Nigeria Public Deposited

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  • Fisheries sector plays an important role in Nigeria economy. Contribution of the sector to the nation's economy can be increased if challenges in the industry are minimized and the opportunities explored. Large scale aquaculture, an economic activity earning people a living is a very important industry encompassing fish traders, fish processors, fish farmers etc. The sector supports many Nigerians directly and indirectly. However fish importation is much more in quantity and value. 80% of aquaculture production in Nigeria is manned by small-scale farmers, except for few commercial ventures. Nigeria is blessed with numerous opportunities for large-scale aquaculture; however the challenges seem to override these opportunities. Constraints to production in the industry have been identified as recurrent high cost fish feed, poor water quality management, poor quality fish seed, technical know-how etc. Beyond the constraints to production are more pertinent factors responsible for un-sustainability of fish farm operation as business ventures. This paper focuses on the investment opportunities in large scale aquaculture and the current challenges that the farmers are facing in Nigeria. The paper shows that unprofitable operation of fish farms in Nigeria could be broadly attributed to two factors: poor production planning and inadequate technical know-how. The paper recommends the need to commercialize the industry through broad government fiscal efforts and sectorial re-organization in Nigeria.
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  • Adeoye, A. et al. Challenges and Investment Opportunities for Large Scale Aquaculture Farmers in Nigeria In: Visible Possibilities: The Economics of Sustainable Fisheries, Aquaculture and Seafood Trade: Proceedings of the Sixteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 16-20, Dar es Salaam, Tanzania. Edited by Ann L. Shriver. International Institute of Fisheries Economics and Trade (IIFET), Corvallis, 2012.
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  • AQUAFISH, USAID, NEPAD Planning and Coordination Agency, Norad, The World Bank, Hyatt Regency Dar es Salaam, NAAFE, World Wildlife Fund, United Nations University Fisheries Training Programme, ICEIDA, JICA, JIFRS, The European Association of Fisheries Economists, International Seafood Sustainability Foundation
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  • description.provenance : Made available in DSpace on 2012-10-08T20:01:05Z (GMT). No. of bitstreams: 1 CHALLENGES AND INVESTMENT OPPORTUNITIES FOR LARGE SCALE AQUACULTURE FARMERS IN NIGERIA.pdf: 545270 bytes, checksum: f12a63fc98364c64f666ed23b75b20de (MD5) Previous issue date: 2012
  • description.provenance : Submitted by Ayodeji Adeoye (dejiadeoye@gmail.com) on 2012-09-24T08:26:49Z No. of bitstreams: 1 CHALLENGES AND INVESTMENT OPPORTUNITIES FOR LARGE SCALE AQUACULTURE FARMERS IN NIGERIA.pdf: 545270 bytes, checksum: f12a63fc98364c64f666ed23b75b20de (MD5)
  • description.provenance : Approved for entry into archive by Janet Webster(janet.webster@oregonstate.edu) on 2012-10-08T20:01:05Z (GMT) No. of bitstreams: 1 CHALLENGES AND INVESTMENT OPPORTUNITIES FOR LARGE SCALE AQUACULTURE FARMERS IN NIGERIA.pdf: 545270 bytes, checksum: f12a63fc98364c64f666ed23b75b20de (MD5)

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