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This study was carried out to examine the profitability, viability and constraints of smallscale catfish farming in Yenagoa Local Government Area of Bayelsa State. One hundredand twenty small scale catfish farmers were randomly sampled from twelve communitiespurposively selected from the study area. Data were collected with the aid of wellstructuredquestionnaire augmented with scheduled interview and discussion with therespondents. Data were analyzed using descriptive analytical tools such as tables,frequencies and percentages. The results of the analysis showed that 90% of the farmersare males; majority fell within the age bracket of 26-55 years. Most of them are fairlyeducated, majority are married (73.4%) with a mean household size of six persons. Thenet profit technique was used to estimate the profitability level of the enterprise andbenefit cost ratio was used to assess the viability of the venture, while ranking was usedto analyze the problems faced by the farmers. The analysis estimated an averageoperating cost of N267,029.67; an average total fixed cost (depreciation) of N29,689.24and an average net farm income of N577,367.42. This result showed that catfish farmingis a profitable enterprise. The benefit-cost ratio was 2.95 which implied that for everyone naira (N1) spent N2.95 was realised. High prices of fish feed and fingerlings,inadequate water supply, communal land ownership, inadequate extension services, lackof capital, diseases and pests were the top ranking constraints faced by catfish farmers.The study therefore suggests provision of conducive environment for sustainable cat fishproduction through provision of credit facilities, formulation and implementation ofproper policies on aquaculture by the government and relevant stakeholders.