Assessment of the Profitability and Viability of Catfish Marketing in Onitsha North and South Local Government area of Anambra State Nigeria

Authors

  • Samuel O. Igwe Department of Agricultural Economics and Extension, Federal University Wukari, Taraba State, Nigeria
  • Terhemba E. Chancha Department of Agricultural Economics, College of Agricultural Economics and Extension, Management Technology, Federal University of Agriculture Makurdi, Benue State, Nigeria
  • Blessing G. Umbugadu Department of Agricultural Economics, College of Agricultural Economics and Extension, Management Technology, Federal University of Agriculture Makurdi, Benue State, Nigeria
  • Beatrice G. Dauda Department of Agricultural Economics and Extension, Federal University Wukari, Taraba State, Nigeria

DOI:

https://doi.org/10.24203/ajafs.v9i1.6515

Keywords:

Catfish, Marketing, profitability, viability, gross margin

Abstract

The study was carried out in Onitsha north and Onitsha south local government area of Anambra State Nigeria. The main objective of the study was to assess the profitability and viability of catfish marketing. Data were collected with structured questionnaires administered to 65 randomly selected catfish marketers.  Mean, frequency, percentages, gross margin, Net profit, Gross margin ratio, Operating ratio and Return on investment were all employed to analyze the objectives. The result revealed that transportation cost is the most militating factor against catfish marketing in Onitsha north and Onitsha south local government area of Anambra State Nigeria. The study also revealed that, catfish marketing in the study area was profitable and viable with return on Investment (ROI) of 22.17% and a Gross Margin ratio of 18.14%. The study therefore, recommends that government should provide storage facility and rehabilitate our roads to reduce the cost of transportation in marketing.

Author Biographies

Terhemba E. Chancha, Department of Agricultural Economics, College of Agricultural Economics and Extension, Management Technology, Federal University of Agriculture Makurdi, Benue State, Nigeria

Lecturer

Blessing G. Umbugadu, Department of Agricultural Economics, College of Agricultural Economics and Extension, Management Technology, Federal University of Agriculture Makurdi, Benue State, Nigeria

Lecturer

Beatrice G. Dauda, Department of Agricultural Economics and Extension, Federal University Wukari, Taraba State, Nigeria

Lecturer

References

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Published

2021-02-24

How to Cite

Igwe, S. O., Chancha, T. E., Umbugadu, B. G., & Dauda, B. G. (2021). Assessment of the Profitability and Viability of Catfish Marketing in Onitsha North and South Local Government area of Anambra State Nigeria. Asian Journal of Agriculture and Food Sciences, 9(1). https://doi.org/10.24203/ajafs.v9i1.6515

Issue

Vol. 9 No. 1 (2021): February 2021

Section

Articles

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Copyright (c) 2021 Samuel O. Igwe, Terhemba E. Chancha, Blessing G. Umbugadu, Beatrice G. Dauda

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