1.1 BACKGROUND TO THE STUDY Commercial lobster farming is becoming very popular day by day and it’s a very profitable business (Beveridge, 1996). Among all the highly-priced marine crustacean, lobsters are larger in size. A mature lobster weights between 250 to 400 grams. Lobster farming with carp or other fish species is very profitable and easy. It is convenient to start lobster farming business by cultivating only lobsters in a pond or with other fish species like tilapia or clarias garepinus etc (Hill, 1999). However, this study will examine how lobster farming in Nigeria can be positioned for significant expansion and increased productivity. To ensure significant expansion of Nigerian lobster farming, the pond management for lobster farming should done well. The pond, where the lobster will be cultivated needs more oxygen than usual. Selected pond must have to be suitable enough for changing frequently. So, it will be better if the pond is selected near a river or canal. Doing this will ensure constant water supply. If any source of natural water like river or canal is not available, then there is need to setup a tube well for continuous water supply. Sandy soil is better for lobster farming. Ensure sufficient availability of the sun light. It would be better if there are no big trees near the shore of pond. The area or size of the pond may be any depending on the production type. But it would be better, if the pond is constructed over at least one acre of land. The depth of the pond must be between 1 to 1.5 miter (Jolly & Clonts, 1993).