Browsing by Author "Ayinde, O. E"

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    Economic Analysis of Nigerian Live Ornamental Fish Export
    (BADEGGI JOURNAL OF AGRICULTURAL RESEARCH AND ENVIRONMENT, 2020-08-19) Ambali, O. Y; Ayinde, O. E; Taofeekat Temitope Sulaimon
    Nigeria is undoubtedly endowed with mammoth species of ornamental fish that are of high premium and command a better price in the world market. Thus, this study examined the export of Nigerian live ornamental fish from economic stand point with the aims of evaluating the structural distribution of the commodity traded among the ornamental fish exporters, determining the profitability of ornamental fish export and examining the factors influencing ornamental fish trade at the firm level.The sampling frame for the study was the registered members of the Association of Ornamental fish Farmers and Exporters of Nigeria (AOFFEN). A random sampling technique was used to elicit data from the respondents in July 2017. Primary data were collected using well-structured questionnaires administered to 40 randomly selected respondents. Data were analysed using descriptive statistics, marketing margin analysis, return on investment, Lorenz curve, Gini coefficient and multiple regression analysis. Results of the analysis revealed that the estimated average marketing margin per box of ornamental fish export was $74.04 and the distribution of traded commodities among the fish exporters was oligopolistic with Gini coefficient of 0.75. Firm size, trading experience, number of countries traded with and number of commodities traded significantly (0<0.05) determined the level of export. From this study, it may be suggested that measures to create a more competitive market among live fish exporters should be put in place.