Profit Function Approach In Catfish Production in Nigeria
Currently, domestic fish production is put at 551,700 metric tonnes as against the present national demand of about 1.5 million metric tonnes estimated for 2007. The shortfall is said to be bridged by the importation of 680,000 metric tonnes annually consuming about N 50 billion in foreign exchange that the only way of boosting fish production and thereby move the country towards self-sufficiency in fish production is by embarking on fish farming especially catfish farming.
This has prompted the Federal Government of Nigeria to package the Presidential
Initiative on fisheries and aquaculture development in 2003 to provide financial and technical assistance to government programmes and projects encouraging fish production. Similarly, the Anambra State government initiated and agricultural micro credit support scheme with fisheries basis in order to compliment the Federal Government effort.
Regardless these efforts of Government, fish production has remained low in the country as well as in Anambra State. This has been attributed to inadequate supplies from the local catfish farmers due to the use of poor quality catfish seeds, inadequate information, high cost of feeds, traditional techniques, small size of holdings, poor infrastructural facilities and low capital investment
Greater improvement in catfish production can be achieved with a proper analysis that will lead to knowledge of the level of profitability of catfish farming and constraints to production which constitute the basis for this study.