Flood Insurance and Sustainable Aquaculture: The Case of Lapa-Gwari in Minna, Nigeria

International Journal of Agriculture & Environmental Science

© 2022 by SSRG - IJAES Journal

Volume 9 Issue 1

Year of Publication : 2022

Authors : Dukiya Jehoshaphat Jaiye

10.14445/23942568/IJAES-V9I1P105

How to Cite?

Dukiya Jehoshaphat Jaiye, "Flood Insurance and Sustainable Aquaculture: The Case of Lapa-Gwari in Minna, Nigeria," SSRG International Journal of Agriculture & Environmental Science, vol. 9,  no. 1, pp. 23-30, 2022. Crossref, https://doi.org/10.14445/23942568/IJAES-V9I1P105

Abstract:

Sustainable aquaculture may generally be defined as the aquaculture industry that can adapt to a planet with an ever increasing human population that uses non-renewable resources resiliently despite opposing external forces. The unemployment and Small Medium Enterprises (SMEs) push and the continuous demand for farmed fish pull have made many people venture into the aquaculture industry without sustainable fixed and running capital. This often leads to early liquidation of the business, most especially when disaster strikes. This study used a physical field survey and questionnaire to examine the flood disaster that affected over 150 fish farmers’ ponds in Minna, Nigeria. The result of the descriptive analysis revealed that about USD730 368.85 (NGN278, 416,610) was lost to the disaster without any insurance coverage or any governmental intervention for sustainability. It is, therefore, recommended that operators of aquaculture should, as a national policy, have insurance.

Keywords:

Aquaculture, Disaster loss, Flood insurance, Sustainability, and Vulnerability.

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