Investor Presentaiton
IIFET 2012 Tanzania Proceedings
Summary, Conclusion and Recommendations
The empirical study examines the structural performance of artisanal fish marketing in Ondo
state, Nigeria. Majority of the sampled artisanal fish marketers in the study area were young and
agile. Female respondents dominated the study area and this is in line with the assertion that
marketing is the business of females. Also, the results gotten from the study revealed that
majority of the respondents had just primary education which could adversely affect their
marketing strategy. The study showed that a large percentage of the respondents would have
access to people who can assist in carrying out their marketing activities, while the experience of
the sampled artisanal fish marketers revealed that they have just entered the artisanal fish
marketing probably because of the profitability of the business. Artisanal fish marketers may not
be able to expand their business since majority of them depended on personal savings and
cooperatives societies where small amount of capital could be raised. The respondents identified
various problems facing them in artisanal fish marketing and they include poor transport
network, insufficient storage facilities, inadequate fund and high cost of transportation. This
could be the reason for the inability of the artisanal fish marketers to attain better profit margin
compared to what they are having now.
The profitability analysis revealed that the average net- return of artisanal fish marketers in the
study area per kg was N 137.10. This implies that artisanal fish marketing in the study area is
profitable. Therefore, people are advised to go into this business so as to make a living. The
concentration ratio indicates that the concentration in the industry can said to be too low. Also,
the estimated value of the Gini coefficient which was 0.64 implies that there was inequality in
the share of the market. The operational efficiency of the artisanal fish marketers which was
15.5% indicates that there was no significant difference in operational efficiency of the
respondents.
It can, therefore, be concluded that artisanal fish marketing is profitable and higher profit margin
can be attained by the marketers if attentions are given to the problems identified by the
respondents.
It is pertinent at this point in time to recommend that relevant government parastatals, extension
workers and non governmental organizations should organize programmes that will improve
artisanal fish marketing. Also, awareness should be created on the formation of better organized
fish marketing cooperative societies through which some of their problems can be collectively
solved and series of benefits can easily be accessed by the members. Credit facilities should be
made available by credit institutions and agencies to improve fish marketing. Also, sophisticated
storage facilities/cold rooms should be provided by the government as well as cooperative
societies in order to have easy storage of unsold fish till the following day.
References
[1] Abulude FO, Lawal LO, Ehikhamen G, Adesanya WO, Ashafa SL (2006). Chemical
Composition and Functional Properties of Some prawns from the Coastal Area of Ondo
State, Nigeria. Electron. J. Environ. Agric. Food Chem. 5 (1), 1235-1240.
[2] Abbot J.C. and Makeham J.P. (1990): Agriultural Economics and Marketing in the Tropics
by Longman Group U.K Ltd. 27p.
12View entire presentation