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Cost Implications and Profitability of the Artisanal Fish Smoking Enterprise

Received: 10 May 2016     Accepted: 25 May 2016     Published: 13 July 2016
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Abstract

Descriptive statistics, content analysis and cost, return and profit functions where used to analyze the profitability of the artisanal fish smoking enterprise using fish directly captured from Oguta lake, Nigeria. Fresh fish was purchased from both fishermen and retailers and smoking was done in a completely local way to mimic the exact experience of the fish generally sold in the market. Results revealed that the most revenue is obtained when fresh fish purchased from wholesaler/ fishermen, are smoke dried and sold at urban market as it is estimated that 46.54% profit is made from fish purchased from wholesalers, processed and sold in the rural market and 88.22% profit made from fish purchased from wholesalers, processed and sold in the urban market while 5.01% and 26.45% profit is made from the sale of fish purchased from retailers, processed and sold in the rural and urban markets respectively. In general, there is profit in the fish smoking enterprise thus, a very good business to embark upon.

Published in Computational Biology and Bioinformatics (Volume 4, Issue 3)
DOI 10.11648/j.cbb.20160403.11
Page(s) 21-26
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2016. Published by Science Publishing Group

Keywords

Cost, Profit, Artisanal, Fish Smoking

References
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[3] Adekoya, B. B. and Miller, J. W. (2004).“Fish Cage Culture Potential in Nigeria”. An Overview. National Agriculture Focus. An Agricultural News Magazine Published by Foundation Consultants Limited, Abuja. 1 (5): Pp 10.
[4] Nations Newspaper, Nigeria 12/6/15 pg. 50.
[5] Okonta, A. A. and J. K. Ekelemu, (2005). A preliminary study of micro-organisms associated with fish spoilage in Asaba, Southern Nigeria. Proceedings of the 20th Annual Conference of the Fisheries Society of Nigeria, November 14-18, 2005, Port Harcourt, pp 557-560.
[6] Nyarko, H. D., Obodai, E. A., Boamponsem, L. K., Coomson, S. S., & Aniwe, Y. (2011). Microbial profile of smoked sardine (Sardinellaaurita) at smoking sites and market centres of Tema, Ghana-1. Archives of Applied Science Research, 3 (3), 443-453.
[7] Adeyemi, O. T., Osilesi, O. O., Onajobi, F., Adebawo, O., & Afolayan, A. J. (2013). Stability study of smoked fish, horse mackerel (Trachurus trachurus) by different methods and storage at room temperature. African Journal of Biochemistry Research, 7 (6), 98-106.
[8] George F. O. A., Ogbolu A. O., Olaoye O. J., Obasa S. O., Idowu A. A. and Odulate D. O., (2014). Fish Processing Technologies in Nigeria: A Case Study of Ibeju-Lekki Local Government Area, Lagos State. American Journal of Food Technology, 9: 302-310.
[9] Kirema-Mukasa C. T. and Reynolds J. E. (1991), Marketing and consumption of fish in Uganda, in FAO, Fisheries and Aquaculture Department, Project Reports: Uganda. p. 82.
[10] FAO, (1996). Fisheries and aquaculture in Sub-Saharan Africa: Situation and outlook in 1996. FAO Fisheries Circular No. 922, FAO, Rome, Italy, pp: 1-44.
[11] Suleiman, Aminu B. (2007). Economic analysis of artisanal fish marketing in Kebbi State of Nigeria. Thesis Submitted To School Of Postgraduate Studies, Ahmadu Bello University Zaria. (Unpublished).
[12] Andrew M. Lazur (1997). Small Scale, On-farm Fish Processing. A publication of Southern regional aquaculture center. Nunber 442.
[13] Abolagba, O. J. and Nuntah, J. N. (2011). Survey on cured fish processing, packaging, distribution and marketing in Edo and Delta states. International Research Journal of Biotechnology. 2 (5): 103-113.
[14] World Bank. (2010). The hidden harvests: the global contribution of capture fisheries. Washington DC, World Bank. 99 pp.
[15] Sérot, T., Baron, R., Knockaert, C. &Vallet, J. L. (2004). Effect of smoking processes on the contents of 10major phenolic compounds in smoked fillets of herring (Cuplea harengus). Food Chem., 85, 111–120.
[16] Fábio H. V. Hazin, D. Sc. (2013). Fisheries And Their Contribution To Sustainable Development: Sustainable Development: Small-Scale And Artisanal Fisheries. The Sixth Meeting of the United Nations Open- ended Informal Consultative Process on Oceans Oceans and the Law of the Sea.
[17] Joseph K. (2001). Nicaragua Country Profile. Fishery College, University of Tromsø.
[18] Economic engineering applied to the fishery industr: profitability of artisanal fisheries. Fishery and Aquaculture Economics and Policy Division ISBN: 9253037385, ISSN: 0429-9345.
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  • APA Style

    Nwazuo Ngozi Ihechiluru, Keke Ibeawuchi Romanus, Egbo Ikechukwu, Egeruoh Amarachi Stella. (2016). Cost Implications and Profitability of the Artisanal Fish Smoking Enterprise. Computational Biology and Bioinformatics, 4(3), 21-26. https://doi.org/10.11648/j.cbb.20160403.11

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    ACS Style

    Nwazuo Ngozi Ihechiluru; Keke Ibeawuchi Romanus; Egbo Ikechukwu; Egeruoh Amarachi Stella. Cost Implications and Profitability of the Artisanal Fish Smoking Enterprise. Comput. Biol. Bioinform. 2016, 4(3), 21-26. doi: 10.11648/j.cbb.20160403.11

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    AMA Style

    Nwazuo Ngozi Ihechiluru, Keke Ibeawuchi Romanus, Egbo Ikechukwu, Egeruoh Amarachi Stella. Cost Implications and Profitability of the Artisanal Fish Smoking Enterprise. Comput Biol Bioinform. 2016;4(3):21-26. doi: 10.11648/j.cbb.20160403.11

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  • @article{10.11648/j.cbb.20160403.11,
      author = {Nwazuo Ngozi Ihechiluru and Keke Ibeawuchi Romanus and Egbo Ikechukwu and Egeruoh Amarachi Stella},
      title = {Cost Implications and Profitability of the Artisanal Fish Smoking Enterprise},
      journal = {Computational Biology and Bioinformatics},
      volume = {4},
      number = {3},
      pages = {21-26},
      doi = {10.11648/j.cbb.20160403.11},
      url = {https://doi.org/10.11648/j.cbb.20160403.11},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.cbb.20160403.11},
      abstract = {Descriptive statistics, content analysis and cost, return and profit functions where used to analyze the profitability of the artisanal fish smoking enterprise using fish directly captured from Oguta lake, Nigeria. Fresh fish was purchased from both fishermen and retailers and smoking was done in a completely local way to mimic the exact experience of the fish generally sold in the market. Results revealed that the most revenue is obtained when fresh fish purchased from wholesaler/ fishermen, are smoke dried and sold at urban market as it is estimated that 46.54% profit is made from fish purchased from wholesalers, processed and sold in the rural market and 88.22% profit made from fish purchased from wholesalers, processed and sold in the urban market while 5.01% and 26.45% profit is made from the sale of fish purchased from retailers, processed and sold in the rural and urban markets respectively. In general, there is profit in the fish smoking enterprise thus, a very good business to embark upon.},
     year = {2016}
    }
    

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    T1  - Cost Implications and Profitability of the Artisanal Fish Smoking Enterprise
    AU  - Nwazuo Ngozi Ihechiluru
    AU  - Keke Ibeawuchi Romanus
    AU  - Egbo Ikechukwu
    AU  - Egeruoh Amarachi Stella
    Y1  - 2016/07/13
    PY  - 2016
    N1  - https://doi.org/10.11648/j.cbb.20160403.11
    DO  - 10.11648/j.cbb.20160403.11
    T2  - Computational Biology and Bioinformatics
    JF  - Computational Biology and Bioinformatics
    JO  - Computational Biology and Bioinformatics
    SP  - 21
    EP  - 26
    PB  - Science Publishing Group
    SN  - 2330-8281
    UR  - https://doi.org/10.11648/j.cbb.20160403.11
    AB  - Descriptive statistics, content analysis and cost, return and profit functions where used to analyze the profitability of the artisanal fish smoking enterprise using fish directly captured from Oguta lake, Nigeria. Fresh fish was purchased from both fishermen and retailers and smoking was done in a completely local way to mimic the exact experience of the fish generally sold in the market. Results revealed that the most revenue is obtained when fresh fish purchased from wholesaler/ fishermen, are smoke dried and sold at urban market as it is estimated that 46.54% profit is made from fish purchased from wholesalers, processed and sold in the rural market and 88.22% profit made from fish purchased from wholesalers, processed and sold in the urban market while 5.01% and 26.45% profit is made from the sale of fish purchased from retailers, processed and sold in the rural and urban markets respectively. In general, there is profit in the fish smoking enterprise thus, a very good business to embark upon.
    VL  - 4
    IS  - 3
    ER  - 

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Author Information
  • Department of Biology, School of Sciences, Alvan Ikoku Federal College of Education, Owerri, Imo State, Nigeria

  • Department of Fisheries and Hydrobiology Research Unit, School of Biological Sciences, Imo State University, Owerri, Nigeria

  • Department of Mathematics, School of Sciences, Alvan Ikoku Federal College of Education, Owerri, Imo State, Nigeria

  • Department of Biology, School of Sciences, Alvan Ikoku Federal College of Education, Owerri, Imo State, Nigeria

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