Economics of Fish Farming in Concrete Ponds, Private Ownership of Fish Farms in Developing Countries: The Case of Nigeria

Abstract

The setting up of concrete ponds fish farm in a full plot of land with N10,000,000 capital needed as cash on interest free loan basis payable in five (5) years period with the sole aim of making profit was projected. The management was based on polyculture of catfishes (Clarian gariepinus). Data for the study was collected through face to face interview and the use of checklist from the 22nd of May to 27th of July, 2019. Based on financial analysis an interest free loan of N10,000000 was required, payable within a period of 5years, a good return on investment was realized. In addition, the state government was encouraged to empower the populace to engage in aquaculture fish production system. Government fish farms that are no longer operational were recommended for privatization and or commercialization on revival for the provision of more employment, income generation and poverty reduction, especially among the internally displaced person (IDP) in Nigeria.