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How To Start Catfish Farming in Nigeria/ Feasibility Report

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How To Start Catfish Farming in Nigeria

Catfish is among the most common fish in Nigeria. The production of catfish in Nigeria based on current studies, it showed that catfish production, distribution and marketing are way lower than its demand.

The sad thing it is a lot of Nigerians, especially those who have an interest in agricultural related businesses, don’t have the ideal of the potentials of catfish farming in Nigeria. That is the main reason why we’ll be discussing how to start the profitable business of Catfish Farming in Nigeria, and the hidden opportunities it has. The profitability of catfish farming in Nigeria is very high this is because many Nigerian don’t know how to start the business. What we
will are going to talk about in this post is all about catfish farming in Nigeria.

If you are also interested in starting a Poultry Farming Business you can get the Business Plan. Poultry Farming Business Plan in Nigeria

I know you would be asking yourself how much does it cost to start a fish farm because you have seen how those people who are doing it are making it big time. The amazing thing is that it is not that too expense we are going to talk that later on.

Many don’t really know how profitable catfish business is. Catfish business like i said before is very lucrative going into the business will be one of the best discussion you will ever make. But many people are always scare of going into business they don’t get an ideal about that where we come in we have done some research regrading catfish business in Nigeria, all you have to do is get our Catfish Business Plan In Nigeria there you will find everything you are looking for such as ORGANIZATION AND MANAGEMENT, FINANCIAL MANAGEMENT/ANALYSIS and many more

Catfish Farming in Nigeria: Overview

First of all, you would agree that catfish is among one of the most commonly eaten fishes in homes, hotels, bars, joints, relaxation spots, and etc. May be you are out and you hear the word “point and kill” don’t squeeze your face wondering what it means. At joints, you could walk up to the fish bowl and point to a live (fresh) catfish you
want killed and either used for Pepper-soup or just grilled and peppered.

Catfish business have made many Nigerian millionaire’s and lot of them didn’t really make deep research. The only thing that they are such about is that Catfish business can make they rich; and they went ahead and gave it their all, and now, their fish farming business is giving them millionaires of naira at the end of the year.

You can be different, as a Catfish farming enthusiast You can have an extra edge over your follow catfish competitions because you have the ’ Guide’ in the palm of your hands, which you can follow and check
back on the instructions, or make some personnel extra extensive research on how to go about your business.

Main aim of a business man is taking his business to a higher level than surrounding competition, and that’s what this summarized guide aims to help you with. We are going to tell you what will help you pass you follow competition on how to state Catfish business in Nigeria.

Important questions you ask before you go on to start Catfish farming business in Nigeria are: 1. How much capital can I afford to start the business? (Capital would determine your starting scale – Small Scale or Large Scale.)

2.How many Catfish farmers are in my vicinity? (Knowing this would inevitably help you attach yourself for practical training, if you want, and would also help you determine the competition in your farm area.)

3. What is the demand for Catfish in my area? (Demand is not equal everywhere.)

4. Can I have the time to oversee the farm or do I need to employ a fish farmer? (You need to know for proper budgeting.)

5. What is Catfish farming’s ROI (Return on Investment.)

Catfish Farming in Nigeria: Required Facilities

Just like any other farming business in any location, to a start a Catfish farming business in Nigeria you must have some important fishing equipment on ground before, you can comfortably set up your farm and without those thing you can’t start.

The things that are needed are list below

1. Piece of Land:

You would need a piece of land to start your catfish farming business, but it all depends on what you can afford. If you are starting small, the all you need is a small scale Catfish farming business, then you can use a space as small as 1.5 square metres by 1.5 square meters. Then, if you have some extra cash to spare, especially since you’re
starting small the more fishes you can rear; which also means the more returns you’re looking at, then you use half a plot of land or even a full plot.

2. Fish Ponds:

You can get a space or a land for yourself but construction of fish ponds, not very likely. You need to hire the service of a pond construction expert/engineer. It must be carefully set up and the plumbing works must be accurately connected. An error here might mean the beginning of the end of the business. You can use concrete or plastic ponds.

3. Overhead Tank:

The overhead tank is where the water reservoir for the fishes. The tank might have an independent borehole or it can share from your own domestic borehole (if it’s around your house). Using chemically treated water is not good for rearing healthy fishes.

4. Fingerlings:

There are lots of various recommended farms where you can get your fingerlings from. Through appropriate consultation with a farming experts or specialist in fingerlings, you can evaluate fingerlings. If possible, check from a few of the recommended farms before making a pick on stock of fingerlings as catfish fingerlings are of different
breeds, and it is very important that as a catfish farmer, you take your time to identify fast growing and disease resistant breeds of fingerlings to ensure profitability in a Catfish venture.

NOTE; If everything works out the way you plan at first try, it’ll definitely be thanks to the knowledge you have about the business. If doesn’t, you can always try again and give it another shot because nobody can take away the knowledge of the business in your head. Attach yourself to a Catfish farm and work (for free if they’re not
willing to pay). It is imperative you get trained for at least two to four months before setting up your farm

Catfish Farming in Nigeria: Feasibility Study The feasibility study included in this guide is for a farm capacity of
10,000 fingerlings and for a farm that is just starting. The Capital covers from pond construction (which is the common concrete type), fish feeding, production, to marketing. The farm has 10 ponds to contain 1,000 fingerlings cum Catfish each.

To construct one concrete fish pond measuring 3m X 2.5m X 1.4m (l/w/h). The materials and prices below are rough estimates of materials.

Blocks (N120,000), Sand (N28,000), Cement (N130,000), Gravel (N64,000) General Farm treatment (N50,000), Water supply (N58,000), Misc (N100,000) Fingerlings (1 is N30, so N30 X 10,000 = N300,000), Cost of feeding from day one to full maturity stage (N1,000,000), Workmanship (N150,000).

Total: N2,000,000

Note: The more the quantity you purchase, the better since you can get every one of the fishes out alive when they’re ready to be sold. In this case, 300 fishes died and the rest were sold at N800 each. The selling price also depends on location.

N800 X 9700 = N7,660,000

After six months of tendering and rearing, the gain was a whooping N5,760,000 after six months, which isn’t bad at all. The number one money consuming factor is the fish feeds, as you can see from the feasibility study.

The more the investment, the more you can expect as ROI.

Catfish Farming in Nigeria: Risks Involved Managing a fish farm is relatively more difficult than a goat or snail
farm or even poultry.

Losses resulting from mistakes or management slips is always more fatal in fish farms than in any other case.
Fish from fish farms are always priced higher than freshly caught fishes. So you might find it more difficult selling your fishes if there are many fishermen in your market.

Setting up a fish farm is very capital intensive. Much more than most other animals. Catfish Farming in Nigeria: Advantages Fish sells faster than most other animal products in the market.

Fish grows faster than most other animals; hence, the period of the ROI is shorter. Fishes are bought in bulk also by people making health and beauty products.

There’s a very steady demand for fishes in the market. The ROI from fish farming is very attractive and is enough
compensation for your time and money.

OTHER BUSINESS PLAN IN NIGERIA WITH RECENT UPDATE

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