Investment prospects in inland capture fisheries -- revolving loan scheme to artisanal fishermen

Fishing inputs in the form of the netting materials, boats and outboard engines were issued to 20 fishermen on revolving loan basis at 2 centres - Shagunu. and Monai along the western bank of Kainji Lake, Nigeria. The agreement was that the recipients should sell all their catches to the Institute and surrender 20% as part payment of the loan, until they offset the loan after which the inputs would become theirs'. The scheme was monitored for 5 years during which time most recipients had completed payment. It was observed that adequate revenue could be made from the scheme provided there was effective supervision. A proposal has been made for large scale supply of fishing inputs to one hundred fishermen. The scheme is laudable as a means of improving the lot of the fishermen and implementing management proposals in water bodies through the recipients

Bibliographic Details

Main Authors:	Eyo, A.A., Ita, E.O.
Format:	conference_item biblioteca
Language:	English
Published:	1987
Subjects:	Management, Fisheries, Nigeria, artisanal fishing, financial management, fishery development, fishery management, investments, lake fisheries,
Online Access:	http://hdl.handle.net/1834/21185
Tags:	Add Tag No Tags, Be the first to tag this record!