TY  - JOUR
T1  - Analysis of Profitability of Small-Scale Fishing in Ondo State, Nigeria
AU - Adeolu Adelaja, Olusumbo AU - Binti Kamaruddin, Roslina AU - Wen Chiat, Lee 
JO  - Research Journal of Applied Sciences
VL  - 15
IS  - 2
SP  - 57
EP  - 64
PY  - 2020
DA  - 2001/08/19
SN  - 1815-932x
DO  - rjasci.2020.57.64
UR  - https://makhillpublications.co/view-article.php?doi=rjasci.2020.57.64
KW  - Small-scale fishing
KW  -gross margin
KW  -fishermen
KW  -profitability
KW  -food security
KW  -multiple regression
AB  - This study investigates the cost and return of
small-scale fishing along coastal areas of Ondo state,
Nigeria. Multi-stage sampling technique was used to
select 400 small-scale fishermen from 20 viable fishing
communities along coastal areas of Ondo state using
structured questionnaire. Analysis of data collected was
done with the use of descriptive statistics and gross
margin analysis. The largest fixed and variable assets
were outboard engine 88.32% and fuel 67.16%. Gross
margin analysis indicates that small-scale fishing is
profitable in the study area gross margin in Nigerian Naira
(N) N1, 261, 476.60 k/fisherman/year (N105,
123.05/fisherman/month) Benefit Cost Ratio (BCR) Rate
of Return on Investment (RORI) Gross Revenue Ratio
(GRR) Net Profit Margin (NPM) and Expense Structure
Ratio (ESR) were 1.29, 0.29, 0.77.0.23 and 0.11,
respectively. The multiple regression result shows the
coefficient determination, R<sup>2</sup> value of 0.721 shows that
72.1% of the output of fish level was determined by size
of fishing boat, outboard engine, fishing nets and fuel.
Constraints faced by small-scale fishermen in the study
area include lack of infrastructural facilities, poor road
networking system and lack of credit facilities. In
conclusion, government should provide access to credit
facilities at an affordable interest rate and storage
facilities to ensure good quality fish.
ER  -