Privatization: a policy to transform and increase the production capacity of fish in Nigeria fish industries
2010
Alhassan, D.A. | Ahmed, Y.B. | Ugwu, F.C.
Over 200 hatcheries of fish exist in Nigeria with at least two hatcheries in each state of the federation but unfortunately over 50 percent are either non-functional or function far below their optimum production capacities. Also about 85 percent of the non-functional hatcheries belong to the government (-either federal, state, local government or institution). The associated problems with the non-functional hatcheries include: inadequate funding, poor maintenance of hatcheries facilities, high cost of feed inputs, in adequate infrastructure, differential growth and cannibalism in catfishes which result in poor fingerling harvest, low attitude and lack of commitment to government work. Privatization/ownership options are considered the best options for this paper and clues to solve the problems mentioned above through privatization are presented. Problems with privatization and private investment are also discussed. It was advised that in case the existing hatcheries are put in to full production, the national demand for fingerlings which is placed at 4.3 billion annually could be met with ease. Fingerlings production in the hatchery as the quickest revenue yielding aspect of fish farming (with high internal rate of returns and short pay back period) capable of attracting revenue within 2-3 mouths of a breeding exercise are emphasized.
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