International Journal of Fisheries and Aquatic Studies
2014, Vol. 2, Issue 1, Part C
Technical efficiency and economic returns in artisanal fishery in the Niger-Delta, NigeriaAuthor(s):
Gbigbi, Miebi Theophilus and Osun TaiwoAbstract:
Stochastic Production Function approach and cost benefit analysis were used in this study to examine technical efficiency and economic return of artisanal fishery in the Niger Delta, Nigeria. Primary data were collected from 120 artisanal fishermen selected from 3 major fishing local government areas in Delta State. Empirical results showed that artisanal fish production is profitable as shown by gross margin, net returns and enterprise economic efficiency which were N90, 496.03, N49, 377.18 and 0.20 respectively. The results of stochastic production function showed that labour, capital inputs and cost of baits were significant determinants of fish output, while education, fishing experience, age of fishermen, fishing distance and household size significantly reduced inefficiency. The average technical efficiency was found to be 64% indicating that efficiency can be improved by as much as 36%, while production function exhibit increasing return to scale. Policies for capacity building of the fishermen and better access to production technology are recommended.Pages: 184-188 | 738 Views 9 DownloadsDownload Full Article:
How to cite this article:
Gbigbi, Miebi Theophilus and Osun Taiwo. Technical efficiency and economic returns in artisanal fishery in the Niger-Delta, Nigeria. International Journal of Fisheries and Aquatic Studies. 2014; 2(1): 184-188.