ECONOMICS OF CONCRETE POND CATFISH PRODUCTION IN OVIA NORTH EAST LOCAL GOVERNMENT AREA OF EDO STATE, NIGERIA

The catfish industry in Nigeria faces significant challenges including high production cost, low productivity, and limited profitability. Despite its potential, the industry has not fully explored the use of concrete pond for catfish production which could improve efficiency and reduce costs. This study investigated the socio-economic characteristics, profitability, and technical and allocative efficiency of concrete pond catfish production in the Ovia North East Local Government Area of Edo State, Nigeria, and identified key constraints faced by farmers. Data were collected from 113 concrete pond catfish farmers and analyzed using descriptive statistics, net profit analysis, and the Stochastic Frontier Analysis (SFA) model.