Abstract: The study identified various socio-economic constraints militating against the poverty alleviation strategies of fisher folks in Lagos state, Nigeria. A total of 215 fisher folks were surveyed through simple random sampling and interview schedule was used to obtain information from them. The fisher folks were categorized into cooperators and non-cooperators to capture difference in the constraints level. The findings show the socio-economic constraints to poverty alleviation strategies are not only technical but also sociological, economic and political. Spearman rho correlation coefficient showed a significant relationship between poverty alleviation strategies and lack of technical expertise (r = 0.554, p<0.05) and inadequate raw materials for construction of simple gear (r = 0.05, p<0.05). Respondents poverty alleviation strategies were inversely but significant correlated for provision of credit facilities (r = -0.31, p<0.05), joint ownership and usage of facilities being often difficult (r = -0.61, p<0.05); lack of commitment and adequate cooperation in the part of fisher folks (r = -0.68, p<0.05). It was also inversely related to diversion, delay and high cost of input supply (r = -0.27, p<0.05) and inaccessibility of spare part of outboard engine (r = -0.16, p<0.05). However, respondents poverty alleviation strategies were not statically related with prioritization of resources (r = 0.09, p>0.05), political instability (r = 0.09, p>0.05) and unstable climate and tides (r = 0.06, p>0.05). It is concluded that there is need to stem up extension activities to the fisher folks to assist them remove the constraints that limit their production in effort to take them out of the poverty bracket.