Economic Analysis of Market Performance of Fresh Fish in Lagos State, Nigeria

Osundare, F. O.; Adedeji, Taiwo Adeola

doi:10.22161/ijeab/3.2.38

Cited by 1 publication

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“…Although Agbebi [2010] has described fish marketing as a primordial activity, new challenges of fish marketing and the question of profitability have recently arisen. There is empirical evidence as to the profitability of fish marketing in different parts of the country [Bukenya et al 2012, Onyemauwa 2012, Osundare and Adedeji 2018. Irhivben et al [2015] have posited that marketing fish in Nigeria is influence by mechanisms of seasonality, bargain power of consumers as well as the effect of demand and supply.…”

Section: Theoretical Perspectivementioning

confidence: 99%

Smoked and fresh fish marketing in Toto Local Government Area of Nasarawa State, Nigeria: a comparative analysis

Girei¹,

Ndanitsa²,

Ogezi³

et al. 2021

Acta Sci. Pol. Zootech.

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Fish marketing is gaining prominence especially in the rural communities as an all year-round poverty alleviation micro-enterprise requiring low capital base. This study examined the marketing performance of smoked and fresh fish in the study area. Primary data were obtained from 80 respondents selected through a two-stage sampling technique. Data were analysed using descriptive and inferential statistics. The objectives of the study were to: describe and compare the market structure and performance, determine the profitability, identify marketing intermediaries, and constraints to smoked and fresh fish marketing in the study area. The results showed that that both sexes involved in fish marketing with the female (58.7%) dominating. Majority (67.5%) of the marketers were within the age group of 15–44 years. The mean age was 33 years. Also, 73.7% of the respondents were married and most (58.7%) of the respondents had household size of between 1 and 5 persons and the mean household size was 6 persons. About 65% of the respondents had one form of education or the other. The mean fish marketing experience was estimated at 15 years. The benefit cost ratio for fresh fish marketing was ₦0.26. This implies that ₦0.26 was made for every ₦1 invested in the fresh fish business and the marketing efficiency for fresh fish marketing was calculated at 2.93 (293%), while the net benefit cost ratio of smoked fish was calculated at ₦1.57. This implies that ₦0.57 was made on every ₦1 invested into the smoked fish enterprise. The results further indicated significant revenue differential between smoked fish (₦380,500.00) and fresh fish (₦179,640.00) of ₦200,860.00. This accounted for about 111.82% indicating that smoked fish marketing yields higher revenue than fresh fish, in the study area. The Gini-coefficient (GC) for both fresh and smoked fish marketers were calculated at 0.5857 and 0.4801 respectively. Decentralized routes of marketing channels were observed with retailers having the highest percentage of 32.5 for the traded smoked fish, while consumers had the highest (30.0%) of the traded fresh fish. Some of the identified constraints include; seasonality, inadequate credit, poor storage facilities and poor road networks. It was recommended that the marketers organize themselves into cooperative organizations and set up strong market networks and linkages in order to benefit from available markets outside their immediate vicinities.

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Section: Theoretical Perspectivementioning

confidence: 99%