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The Impact of the Covid-19 Pandemic on the Fresh Catfish Trade in Local Government Areas in Nigeria: a Case Study

100%
Egware R. A., Alakiri A. A.
Journal of Agribusiness and Rural Development
|
2023
|
vol. 69
|
issue 3
305-313
EN
The outbreak of COVID-19 triggered economic and health crises in Nigeria. This paper evaluates the fresh catfish trade before, during, and after the COVID-19 pandemic in the Uvwie Local Government Area of Delta State, Nigeria. The study focused on the socioeconomic characteristics of fresh catfish traders, profitability, and the challenges of fresh catfish trading in the study area as distinctive objectives. Twenty-five percent (25%) of the registered fresh catfish traders active in the fresh catfish trade before, during, and after COVID-19 were selected from three towns in Uvwie for this study. Eighty-three (83) traders were from Ekpan, 46 from Effurun, and 42 from Ugboroke, which gave a sample size of 171. A structured questionnaire was used to obtain data from the traders. The gathered data were analyzed using descriptive statistics, budgetary models, and a five-point Likert scale. The returns on investment (ROI) were estimated to be 0.092, 0.091, and 0.084 before, during, and after the COVID-19 lockdown, respectively. Inadequate funds, the high cost of transportation, a lack of credit facilities, insufficient storage facilities, a lack of buyers, and price instability were identified as serious constraints. However, the cost of transportation was the most severe of the identified problems. Based on the analysis, it is recommended that fresh catfish traders organize themselves to form cooperatives and buy improved storage facilities which will assist them to adapt more effectively and overcome changing economic conditions or accidental occurrences such as the emergence of COVID-19. To motivate the traders, the government should try to improve bad roads and construct good and accessible roads where needed to reduce the cost of transportation.
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Determinants of Profitability of Fresh Catfish Marketing in Uvwie Local Government Area of Delta State, Nigeria

100%
Egware R. A., Alakiri A. A.
Journal of Agribusiness and Rural Development
|
2023
|
vol. 69
|
issue 3
269-277
EN
Catfish marketing plays a significant role in Nigeria’s economy in terms of GDP and job creation, though its potential has not been fully exploited. This investigation assessed the determinants of profitability of fresh catfish marketing in the Uvwie Local Government Area of Delta State, Nigeria. The study focused on profitability (costs and returns), variables affecting profitability, and marketing efficiency of catfish marketing in the study area as its specific objectives. A two-stage sampling technique was employed in selecting the sample size for the study. In Stage 1, three towns in the Uvwie Local Government Area of Delta state were selected. Stage 2 involved the simple random selection of 25% of each of the active registered fresh catfish marketers from the three towns selected. There were eighty-three (83) marketers from Ekpan, 46 from Effurun, and 42 from Ugboroke, which gave a sample size of 171. A well-structured questionnaire was used in order to obtain data from the marketers. This data was analyzed using the multiple linear regression model, budgetary models, and marketing efficiency model. Budgetary model results revealed that the average total revenue (TR) obtained was ₦74,484.44/45.3 per day, net income ₦5,800, gross margin ₦14,279.8, and ROI 0.084. Regression outcome on variables affecting the profitability of fresh catfish marketing noted that age was negatively significant at 5%, and educational level, marketing experience, selling price and sales volume were found to be positively significant at 5%, 10%, 1%, 1% and 1%, respectively, while household size was not significant. Based on the results of the analysis, it was recommended that marketers should organize themselves to form a cooperative society in order to gain easy access to non-governmental and governmental credit facilities. The government should make provisions for a catfish marketing budget to attract unemployed youths. The study also recommends that the factors that significantly affected the profitability of catfish marketing should not be left out in policy formulation.
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