The need to provide information to prospective investors on the decision to invest led to this study on profitability
analysis of selected ventures in catfish aquaculture in Ondo State, Nigeria. A multi-stage sampling technique was
used to select 144 fish farmers rearing fingerlings, juveniles and table size (full) fish in the study area. The results of
the analysis of socio-economic characteristics showed that the mean age of the three groups of farmers was about
35.0 years, while about 88.0%was maleand about 83.0% was married.All the respondents had western education
while about 88.0% of farmers had tertiary education. Fish farming was a secondary occupation for about 61.0% of
farmers while the mean farming experience was 6.3 years. The result of Benefit-Cost Ratio (BCR) was 1.46 for
fingerlings, 1.29 for juveniles and 1.26 for full fish. Profitability and efficiency ratio of 0.85 and 1.85, 0.71 and 1.71,
and 0.55 and 1.55 were recorded for fingerlings, juveniles and full fish, respectively. Comparing these values
indicated that fingerlings production is the most profitable catfish enterprise in the study area. It is recommended that
governments at all levels explore the possibility of using the various ventures in catfish farming as a solution to the
worrisome unemployment problem in Nigeria.