AQUACULTURE AGRIBUSINESS CLUSTERS FORMATION AROUND NATURAL WATER SOURCES: IMPLICATIONS FOR ECONOMIC PROGRESS IN DELTA STATE, NIGERIA
Abstract
Objective: In the study, the primary, secondary and induced economic effects of aquaculture clusters operations around natural water sources were evaluated in Delta state, Nigeria.
Material and Methods: Primary data collected with questionnaire from purposively selected 150
cluster operators, were analyzed with descriptive and inferential statistics.
Results: The findings indicated that aquaculture agribusinesses that cluster around natural water
sources generated significant and positive primary, secondary and induced economic effects.The
income of principal operators of clustered aquaculture, the consumption expenditures of aquaculture inputs suppliers and taxes harvested from aquaculture agribusiness operators by government contributed significantly (p<0.05) to the total amount of money in circulation (economic
bouyancy).
Conclusion: The operators of agribusiness clusters earned more income than their counterparts
that operated in isolation in the hinterland, indicating the importance natural water source as a
requirement for aquaculture cluster location.The finding shows that agribusiness clusters indirectly impacted economic bouyancy through the income of laborers and input suppliers.Tax Taxes
paid by all agribusiness participants had an induced positive effect on the economy. Considering
the evidence of prospects for development derivable from aquaculture agribusiness clusters, it is
imperative to expand its frontier in Delta State, Nigeria.
Keywords
Aquaculture,Agribusiness Cluster,Natural Water Sources,Economic Progress
Kaynakça
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