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Investor Presentaiton

IIFET 2012 Tanzania Proceedings [17] explained that Nigeria, like many other countries in sub-Saharan Africa, is endowed with substantial marine and inland fisheries resources, upon which the fisheries sector is based. However, since the 1980's, production trend in the sector has been very unstable particularly, in the coastal/brackish water artisanal sector which provides the bulk of the domestic production. [10] explained that it is estimated that about 10 million people particularly youths, are engaged in artisanal fishing in Nigeria. [14] reported that artisanal fisheries in Nigeria provided more than 82% of the domestic fish supply, giving livelihoods to one. million fishermen and up to 5.8 million fisher folks in the secondary sector. However, Tietze et al. (2005) noted that the use of poor quality fishing materials can limit fish catch levels and that efforts should generally focus on the quest for improved fishing techniques and gears to replace the low yielding traditional fishing methods. With a huge potential area of between 12-14 million hectares, and a low production estimate put at about 700,000 million tons of fish annually, while current needs put at a minimum of 2 million metric tons of fish to feed the population of over 140 million [12]. The economic importance of these to the community include source of food, provision of employment, source of foreign exchange/income, tool to rural development and source of raw materials to manufacturers ([19]; [1]). [13] then stated that the increasing production is not able to meet the increasing rate of consumption because of the wide gap between fish demand and supply, which is on the rise as a result of population explosion in the country in recent years. [17] stated that the capacity of artisanal fisheries to play its triple role of a food supplier, employment provider and income earner in the Nigerian economy depends on the adoption of appropriate management strategies that will ensure their sustainability in the face of intense fishing pressure. This study examined the structural performance of artisanal fish marketing in Ondo State, Nigeria. It looks at the socio-economic characteristics of the artisanal fish marketers, structure and conduct of artisanal fish marketing system in the study area, profitability of artisanal fish marketing, and operational efficiencies of the artisanal fish marketers in the study area. Methodology Study Area: The study was carried out in Ilaje and Ese-Odo Local Government Areas of Ondo State, Nigeria. These areas were selected for the study because of their suitability for fishing activities as they are close to rivers where fishes are always available for consumption. Data Sources and Collection: Data collected for the purpose of this study were gotten from primary source through the use of well structured questionnaires. As a result of low literacy rate of farmers, trained enumerators, who understood the local dialects, were used to administer the questionnaire on the artisanal fish marketers. Multistage sampling technique was employed in the selection of the respondents in the study area. In the first stage, purposive sampling technique was used to select two Local Government Areas (Ilaje and Ese-Odo LGAs) based on the predominance of fishing activities in these areas. The second stage featured random sampling technique to select five (5) fishing communities from each of the selected Local Government areas. The fishing communities selected are Igbokoda, Ayetoro, Orioke-Iwamimo, Araromi- seaside and Mahintedo from Ilaje, while Igbekebo, Ipoke, Agadagba Oboh, Igbotu and Kiribo are the fishing communities selected from Ese-Odo. The third stage also involved the random sampling technique to select 25 artisanal fish sellers from each of the ten selected communities totaling 250 respondents. 3
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