Publication Date:
2021-07-14
Description:
A bio- economic assessment based on the Return On Investment (ROI) of a single purse seiner was done from August 2007 to February 2008 at Orimedu. Catch composition in terms of relative abundance of species and their sizes were also assessed. Total income was derived from the product of average selling price for a basin of fish, average number of fish basins sampled from a purse seiner, number of fishing trips of a purse seiner per month and the total number of months. Total costs were derived from the sum of capital costs, operational costs, depreciation costs, maintenance cost and labor cost which was estimated as 1/3 rd of total income. Fish catch was dominated by mature fish consisting of over 90 % clupeids and measured in heaps of 200 pieces in basins. On the average, there were 17 basins of fish from a purse seiner. Each basin was valued at N8000 and the average number of fishing trips in a month was 9. The calculated ROI was 30.96% indicating that the fishing method was lucrative. The study showed that purse seining is both biologically and economically sustainable with great potentials to alleviate poverty if adopted by the local Nigerian fisherfolks.
Description:
Includes:- 2 tables.;5 refs.
Keywords:
Fisheries
;
Management
;
ASE
;
Nigeria Coast
;
marine environment
;
Economic analysis
;
Fishery economics
;
Capture fishery economics
;
Financial management
;
Investments
;
Costs
;
Catch composition
;
Seiners
Repository Name:
AquaDocs
Type:
conference_item
,
TRUE
Format:
application/pdf
Format:
application/pdf
Format:
374-376
