Socio-economic analysis of artisanal fish production in Lower Ogun River basin areas of Lagos State, Nigeria
The study was conducted in lower Ogun river basin areas of Lagos State to evaluate the socioeconomic status of artisanal fisher folks using primary data collected with the aid of a well structured questionnaire from 120 fisher folks randomly selected in four fishing communities. The data collected were analysed using descriptive and budgetary analysis. The results revealed that fishing in the study area was dominated by the males with a mean age of 39 years. The results further revealed that an average total cost of ₦115,406.26 was incurred per annum by fisher folks while total revenue of ₦185, 990.51 was realized with a gross margin of ₦96,227.84 and a profit of ₦70,584.25. The rate of return on investment of 0.61 implies that for every one naira invested in fish production by the fisher folks, a return of ₦1.61 and a profit of ₦0.61 was made. The study concluded that fish production was profitable in the study area.