Abstract: The recurring decimal of rural and urban poverty in
Nigeria, resulting from lack of sustainable livelihood activities by
the people due to non-diversification of the economy, necessitated
this study. One hundred snail farmers were randomly selected in
Akure North and Akure South Local Government areas of Ondo
State, Southwest Nigeria where snail farming is widely practised.
Data collection was through questionnaires administration and onsite
observation of farms. Data obtained were subjected to
descriptive statistics, Student-s t-test and regression analysis. Cost
benefit ratio (CBR) and rate of return on investment (RORI) were
calculated in order to determine the poverty alleviation potentials of
snail farming in the study areas. Although snail farming was
profitable and viable, it was below poverty line. With time and more
knowledge in its farming activities, and with more people taking to
snail production, its poverty alleviation and reduction potentials will
increase.