THE ECONOMIC IMPACT OF FISHING ON THE ILAJE PEOPLE: A CASE STUDY OF AYETORO COMMUNITY (2015-2025)

This study examines the economic impact of fishing on the Ilaje people, with particular reference to Ayetoro Community between 2015 and 2025. Fishing has remained the primary occupation and source of livelihood for the people of Ayetoro, contributing significantly to household income, employment generation, food security, and local economic development. The study investigates the extent to which fishing activities have influenced the socio-economic well-being of residents, while also assessing the challenges confronting the sector during the period under review. The research adopts a historical and descriptive approach, utilizing both primary and secondary sources of data. Information was gathered through interviews with fishermen, fish traders, community leaders, and relevant stakeholders, while published materials, government reports, and academic literature provided supplementary data. Findings reveal that fishing has played a vital role in sustaining the local economy by creating employment opportunities and supporting related businesses such as fish processing, transportation, and marketing. However, the industry has faced several challenges, including environmental degradation, declining fish stocks, inadequate modern fishing equipment, climate-related factors, and limited governmental support. The study concludes that despite these challenges, fishing remains a crucial economic activity in Ayetoro Community and continues to shape the livelihoods of the Ilaje people. It recommends increased investment in modern fishing technologies, improved environmental protection measures, access to credit facilities, and the formulation of policies aimed at promoting sustainable fisheries development. These measures would enhance productivity, improve living standards, and ensure the long-term viability of fishing as a source of economic growth in the community.