Authors : Babatunde O. Ajiboye, Abigail G. Adeyonu, Olasunkanmi O. Bamiro, Ayotunde O. Owolabi and Ayoola J. Shoyombo
Abstract: This study investigates production and cost efficiency as well as economic efficiency of fish farming. The study is based on primary cross sectional data collected from 6 Local Government Area (LGAs) selected from the 6 states that make up the of South-Western zone of Nigeria, on a representative basis of one local government per state. The farmer’s economic efficiencies are estimated as the product of TE and AE. The production technology of the farmers is assumed to be specified by the Cobb-Douglas frontier production function. Findings from the results indicate that a unit increase in use of feed, high stock density, quantity of lime and organic fertilizer used will increase fish output by 3.37, 0.75, 0.06 and 0.69%, respectively. The study reveals that fish farming operation in the study area is yet to achieve the maximum possible efficiency level. The results indicate that involvement in fish farming under high level of productive efficiency will increase fish supply in Nigeria, thereby reducing fish importation with an attendant improvement in the value of Foreign reserve and by extension stability in the Foreign exchange value.
Babatunde O. Ajiboye, Abigail G. Adeyonu, Olasunkanmi O. Bamiro, Ayotunde O. Owolabi and Ayoola J. Shoyombo, 2019. Productive Efficiency of Fish Production as a Panacea for Economic Recession among Farming Household in South-West, Nigeria. Agricultural Journal, 14: 20-24.