The study investigates the poverty incidence using the Foster, Greer, and Thorbecke (FGT) index. A fishery
household survey was conducted in eight fishing settlements with a sample of 306 households in
2012/2013. The households were selected through multistage random sampling procedure. The monthly
mean per adult equivalent household expenditure of the household was US$56.72 (N9075.23) out of
which a poverty line of US$37.81 (N6050.15) was estimated. Results of FGT decomposition revealed that
poverty incidence for the study area is about 0.53. Poverty incidence, depth and severity increase with
increase family size of household heads. A stochastic dominance analysis validates the choice of poverty
line. Results of regression analysis revealed that the fishermen’s net income is significantly influenced by
3 independent variables. Government policy should be directed at educating the fishing households
through literacy campaign, access to universal basic education, and skill-enhance trainings, so as to be
able to adopt new innovations and techniques which will enhance improve standard of living and
apparently reduced poverty.