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Nigeria: Business plan for fish farming in Nigeria

business plan for fish farming in nigeria pdf

How to start fish farming One of the most widespread agribusinesses in Nigeria is fish farming and for considerable reasons. The days when the only way to get fish is to catch it in local rivers and ponds are gone, today, modern methods of farming allow to grow fish on farms and monitor revenues. Fish farming in Nigeria has great potential, and you can also engage in large-scale commercial production. Fish production is a very dynamic type of business. Fish farming in Nigeria is a lucrative business that is popular in various parts of the country. There’s high demand for fish products, such as Tilapia, Catfish, and Mackerel (salmon) in Nigeria that continually stimulates sustainable growth and expansion of the industry.

There is so much information on the Internet about how to start fish farming in Nigeria, and we’ve tried to make this article as detailed and informative as possible to help you to build a fish farming business starting from the very beginning. Why should you choose to start a fish farm? Fish farming is a very profitable business to run. With correct planning and good management, you can easily get N4 million of pure income within half of a year.

Business plan for fish farming in Nigeria You can’t run a business without having a plan. A business plan is a necessary tool for creating a proper image of your future production. It helps to set goals and find ways to achieve them. You can create such a plan on your own or ask for expert’s help. Write down a complete description of what you want your business to be like. Set goals, consider all the issues you have to solve like how much you’ll pay for renting land and how much you’ll spend on building ponds and fish breeding, then compare this total to the amount you want to earn and think over how much fish you can breed and sell to achieve your goals.

So, what exactly do you have to include in your business plan?

1. Land Look for a plot of land that satisfies your needs and buy or rent it.

You need to hire an experienced pond construction engineer or you can also go to another fish farm to get specifications and design requirements. The plumbing work must be done correctly by an expert to ensure the correct construction.

3. Wells Good water supply is the lifeblood of fishing, and its absence can lead to disaster since water needs to be regularly changed. Naturally available water sources, such as borehole and river water, are the most suitable. Rainwater and tap water from a chemically treated source is not recommended for growing fish. Provide regular water exchange to create a friendly environment. You can install an aboveground tank, which will provide the convenience of supplying water to your ponds when necessary. Do not forget about the water filtration system.

4. Fish You can buy juvenile fishes on another farm. The most popular species are Salmon and Catfish. Make sure that the fishes you buy are healthy.

5. Knowledge You need to become attached to a fish farm for proper apprenticeship. For you to study this profession properly, you need at least two months to train on this. Visit other farms, surf the Internet to learn about the market, read about fish farming. Remember that your investments aren’t unlimited, so you have to know exactly what you are doing. Since the fish business gains more and more popularity in Nigeria, every businessperson tries to improve his product to make more money and sometimes the methods are harmful to the fish and people who eat it. We believe that a naturally grown healthy fish is the best product for market.

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Fish Farming (Aquaculture)

by BPN Staff 67 Comments

Fish Farming

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Fish farming manual and business plan PDF/Word

Fish farming

CONTENTS INTRODUCTION Current Situation of aquaculture in Nigeria Aquaculture Production in Nigeria Aquaculture Policy Environment at National and State Levels Success potential Skills and abilities for success Production feasibility

MARKET ANALYSIS Overview Product description Financial projections Competitors marketing analysis Proposed Marketing Strategy

TECHNICAL ANALYSIS Operational Details and Structure Machinery/Equipment Requirements, housing, drugs and feeding Raw materials and sources

MANPOWER REQUIREMENT, MANAGEMENT AND ORGANIZATION Management Personnel requirement Organization structure

INVESTMENT ANALYSIS Mathematical formula for catfish cost production in Nigeria Capital/initial Cost Pre-Operating Expenses

Cost production of 50,000 fingerlings Hatchery unit and expected returns (cost of feed, cost of fingerlings, survival rates and sale price of the catfish) in a year

Cost production of 50,000 Grow-out pond unit and expected returns (cost of feed, cost of fingerlings, survival rates and sale price of the catfish) in a year

Cost production of 50,000 smoked fish and expected returns (cost of smoking, weight after smoking, and price of smoked fish)

Fish farming business plan

GTBank (Guaranty Trust Bank) Account Name – Chudi-Oji Chukwuka Account No – 0044157183

After payment text your name, your e-mail address and payment details to 08060565721.

ALSO INCLUDED IS A MANUAL, FIND BELOW THE CONTENT

TOPICS COVERED

HOW TO IMPLEMENT THE BEST MANAGEMENT PRACTICES

Introduction

Commercial Fish Production

Sustainable aquaculture production

Why some fish farmers fail

Sitting the farm

POND REQUIREMENTS, DESIGNS, CONSTRUCTION AND POND TYPES

Earthen pond

Re-circulatory system

Flow through system (Concrete tank, plastic tanks or vat)

REPRODUCTION IN CATFISH

Choosing Your Male & Female Brood Stock

Injecting the Female Fish

Getting the Male Sperm

Stripping the Female Fish

Mixing Sperm with Eggs & Spreading Inside the Vat

Feeding the Fries

Daily schedules of works in trough rearing of fries

Sorting: A Necessary Factor

Operational cost for fingerlings production

Diseases of fingerlings

Transportation of fish

MANAGEMENT OF TABLE SIZES

Water quality/quantity

Stocking Good quality fingerling/juvenile

Feeds, feeding and feed milling

Feed formulation and processing

Feed formulation table from 2month old fish and above

An example are as shown below (this is a proven formula) for a tone (1000kg)

Culturing tilapia for feeding your fish

Handling, sampling and harvesting

Catfish health

Practical preventive measures

Predators and their Control

RUNNING A FISH FARM AS A BUSINESS

Running a fish farm as a business

Operational cost for stocking 3,000 catfish

Cost of Pond construction

Frequently asked question and answers

Fish Feed Dealers in Nigeria

Hurry now, GET YOUR FISH FARMING BUSINESS PLAN To place an order, pay N10,000 to

Fish farming consists of two major subdivisions, which could either be operated separately or as an integrated process. The two subdivisions are the nursery and the grow-out pond operation.

The nursery operation is the basis for the grow-out operation and as such it cannot be operated without the nursery. The nursery involves the inducement of the female fish to lay eggs, which are then fertilized; incubated and hatched fish are known as fries.

These fries are then nurtured fro between three and four weeks into fingerlings which is the size suitable for use in the fish grow-out operation. In-between the nursery and grow-out operation is what the purpose of this manual referred to as the primary operation.

It involves the nurturing of the three or four weeks within which they could grow into post fingerlings, mini juveniles

and juveniles respectively. These can be nurtured for four to five month into grow-out or

table size fish suitable for sale and consumption. Going in catfish farming involves the

Step one: planning for Fish Farming Business, a vital step .

Here, one has to determine whether one wants to go into a big or small-scale commercial

venture, secondly, the pond system to adopt, Re-circulatory system, earthen pond or

concrete/plastic pond or both.

Step two: land, a very critical aspect of your fish farming business

This is very important. One has to acquire at least full plot of land in a suitable location. This

means, you must consider good access road, closeness to market and labour. If the land is

already available, it is good. Then we apportion it as follows:

1. Location of ponds

2. Location of farm house.

3. Location of water supply

4. Location of drainage facility. (The last point is very important, as you don’t drain your water to constitute

public nuisance).

Step Three: Water supply Source in your Fish Farming Business

The best water for fish farming is from bore hole. One or two must be sunk to guarantee

steady water supply. Overhead tanks for holding water should also be installed. The

mechanism of pumping of water must be backed up. The system must not fail.

Step Four: Pond Construction

It is advisable to engage the service of a consultant. The success or failure of this project

depends largely on construction of standard ponds that can stand the test of time. Common causes or failure in catfish farming include over stocking, poor quality feeds, water pollution

and bad specie of catfish fingerlings.

construction.

Here are details of catfish farming

1. They can be easily farmed at the family backyard

2. Cost of medication is very negligible in fish farming and it is a good poverty alleviation

activity to stem rural-urban migration

3. Rearing of fish for local consumption will decrease importation of frozen fish chicken and

turkey into the country and producing fish for export will greatly enhance our economic

potential. It will firm up the naira, improve the GDP, reduce inflation and create more jobs

for Nigerians. Over a million jobs can be created in the fish industry alone.

The Concept of Commercial Fish Production

The objective of commercial fish farming is to produce fish to supply markets at a

competitive price and make a profit. The market is therefore, the driving force for

commercial fish farming. The key parameters that determine the levels of production and success in fish farming are water quality, feed quality and seed quality. How one manages these parameters vis-à-vis the prevailing market demand and prices determines the viability

of a commercial fish farm.

SUSTAINABLE AQUACULTURE PRODUCTION

The catfish production technology discussed in this manual is feed based and built upon the

principles of sustainable aquaculture. Sustainable aquaculture as applied in this technology

package is ‘an adaptable aquaculture production technology system whose ecological and

economic viability persists indefinitely’. Fish are greatly affected by the environment in

which they are grown. An aquatic ecosystem is extremely dynamic, changing with nutrient

inputs, weather and season. The effects of the changes are even more pronounced in artificial

systems like fish farms where man influences what organisms and other inputs are added to

the culture environment .Fish growth and survival are closely related to water quality

.Furthermore, fish are cold-blooded animals. All of their bodily functions are directly

influenced by the temperature of the environment. So, while the markets determine

aquaculture opportunity, the ecological and economic principles determine the choices for

sustainable aquaculture e practices and technology. Therefore, users of the manual are

encouraged to understand the principles upon which this catfish farming production

technology is based. This is because, the specific environment where the farm is located

defines what additional opportunities and constraints in production one is likely to encounter.

Farmers are therefore encouraged to be observant and continue to make adaptations, in order

to enhance the productivity and profitability of their specific enterprises.

1. Poor Farm Sitting: Such as in a place with inadequate water supply, poor soils for pond

construction (e.g. may be rocky), far away from markets and/or supplies, etc.

2. Poor farm and facility design: Ponds not compacted properly, leak a lot, may be too

shallow, and consequently construction and maintenance costs become too high while

optimum yields are not achieved, Poor accessibility to ponds, requiring workers to walk

across difficult terrain to transfer fish from pond to vehicle or vice-versa. 3. Poor Investment Plan: Several farmers assume that to be a commercial fish farmer one

must have several large ponds. Hence, they construct many ponds at once, which constrain

their cash flow. Because of this, some farmers take a while to start production or may only

afford to start production in one pond after all the investment.

4. Start production before knowing what management options are available or Start looking

for the market for fish when the fish is ready for sale. Meanwhile, because they are still

feeding, the pond attains its maximum loading and fish stop growing. The longer the fish stay

in the pond after they have stopped growing, the smaller the profit margin.

6. Do not employ the right people. Entrepreneurs use other peoples time, i.e. employ the right

people. Hiring family members who have little or no desire to learn proper fish farming

techniques is a liability because most people find it difficult to dismiss them even after it has

become apparent that they are the reason for the poor performance of the fish farm.

7. Irregular and improper feeding. This ranges from complete lack of knowledge about the

nutritional requirements and feeding of catfish to attempts at saving money by using cheap

feeds. Some farmers just do not feed their fish because they think fish will grow as long as

they are in water. They do not realize that like all animals, best performance would be

obtained if the fish have a balanced diet and that the feed needs to be palatable, easily

digestible and does not disintegrate into the water before the fish can consume it. For the

same reasons that the majority of poultry farmers would not think it wise to feed layers maize

bran, a commercial fish farmer should not believe they can get the best production results by

feeding catfish maize bran only. If one intends to increase production and profit margins from

producing eggs, then it is well known that the best way would be to feed the layers with

quality layers mash and not growers mash. Likewise, fish should be fed with the correct feed

of the right quality.

8. Do not appreciate that different management levels have different requirements which

consequently affects stocking rates. As in cattle, for example, the management requirements

and stocking rates for ranching are different from zero grazing because of the limits to which

the animals reared under the different systems can get access to adequate feed to cater for their maintenance and production needs. The same applies in fish farming. Stocking rates are a function of the specific management regime.

9. Being more impressed with harvesting the few large fish rather than looking at the overall picture and appreciating total tonnage at harvest. If you had a sow that ate all its piglets and grew nice and fat; would you be happy? Or would you rather have several but smaller animals of a reasonable size for sale rather than one giant? Survival rates and average fish size matter when raising table-fish, because profit margins above operational costs generally range between 30 to 40% depending on one’s market. The net income is therefore largely a function of turnover.

10. Wrong objectives for investing in aquaculture. Some do it simply because their friends are doing it or because they are targeting ‘free’ funds from donors or government. Nothing in this world is free. Always watch out for the hidden costs before making a final decision.

GET YOUR FISH FARMING BUSINESS PLAN . To place an order, pay N10,000 to

After payment text your name and your e-mail address to 08060565721

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business plan for fish farming in nigeria pdf

June 27, 2021 at 12:26 pm

I want to involve in cafe business how much and how can I get it cause I need concrete pond

June 27, 2021 at 12:18 pm

Sir I want to start up a business but I don’t know how

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February 27, 2020 at 12:30 pm

Please I am interested in catfish smoking, packaging and marketing business plan. Can you throw more light on it with regards to my environment? I live in Akwa Ibom state

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December 3, 2019 at 5:14 pm

can you direct me to somebody who can construct concrete fish pound for me

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March 30, 2019 at 12:56 pm

wao! this tips are super amazing thank you very much

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March 26, 2019 at 7:09 pm

I want to involve in fish farming in the Gambia. But i have no idea how it works. So how many times a year can you harvest your FISH ? I just wants to start with a small scale. Do you sell the construction of the design for commercial fish Pond?

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February 4, 2019 at 2:42 pm

Thank you very much for your contributions.

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December 10, 2018 at 9:44 pm

I am a complete novice in fish farming, but I have a burning desire to have my own catfish farming. I would like to get a copy of the business plan but the price is much for me. Can I get a 40% discount? If there’s any detailed manual on catfish farming, I will also like to get one.

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November 17, 2018 at 10:24 pm

You have done a good job.

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August 10, 2018 at 8:37 am

I really appreciate this hint on fish farming. Wanna start a fish farming project soon, can you help in monitoring the business for a while? And with a starting capital of 5 million naira can something promising be achieved?

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August 4, 2018 at 3:59 pm

Please I need a proposal on snail farming and either tilapia or cat fish farming. Estimated at 8million for d 2 businesses. Tanx

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October 27, 2018 at 7:50 am

Hello Jane, please call 08060565721.

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June 28, 2018 at 9:04 am

Goodmorning, please i need a comprehensive proposal on cat fish farming. How much will it cost me.

June 22, 2019 at 7:31 pm

Ten thousand naira. Please call 08060565721.

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December 9, 2019 at 3:09 pm

Good afternoon. Please I want you to prepared catfish farming feasibility business plan. Project 10year I am a teacher in Oyo state.please kindly assist and send my cost

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May 30, 2018 at 10:30 pm

Nice work, I will keep in touch

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March 31, 2018 at 12:21 am

Pls am interested in catfish farming and poultry business plan but I will like us to discuss through my email.

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March 2, 2018 at 4:34 pm

Can I get a feasibility study for fishing trawler business(fishing at sea)

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February 9, 2018 at 3:11 pm

This is interesting.

February 9, 2018 at 2:03 pm

Am interested.

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October 28, 2017 at 7:29 am

Pls let’s talk tro my mail

October 28, 2017 at 7:27 am

How much will you charge me for a business plan proposal for both catfish,layers and broilers. Let’s talk thro myMail

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October 27, 2017 at 8:59 am

I need biz plan for tilapia production with total estimate cost of 10,000,000

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September 20, 2017 at 6:05 pm

I want you to assist me with the cost of raising 15000 of cat fish from start to finish, for six months duration.

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August 16, 2017 at 1:04 pm

Dear Sir,i want to start fish farming.what do i need and how much money do i need thank u .

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August 13, 2017 at 4:40 pm

Very fantastic you’re marvelous I will try see soon

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July 12, 2017 at 12:12 pm

Thanks for this website, do you have training center, I will like to attend a training to qualify as a professional in fish farming, snail and goat business and will like to know the area of your location in Nigeria, am residing in Togo.

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June 28, 2017 at 12:37 pm

Kindly assist me, I need a business plan on fisheries business and it will cost about 6m naira.

Pls how much it will cost me to pay. Thanks

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May 16, 2017 at 1:05 pm

Thanks for the needed information on the various areas of business venture. I am from Ghana and I need some of your Buz Plans and studies. How do I get them, please?

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March 18, 2017 at 7:54 pm

Kindly assist me to know how much it will cost me to have a business proposal for a cassava plantation of about 10 Hactre of Land. Thank you

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March 17, 2017 at 3:42 pm

Interested in the fish business plan,please l need it so badly, business plan for fishery. But you will reduce the price please. Thanks.

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February 23, 2017 at 5:13 am

Can you please encourage we beginners by reducing the price of this business plan on fishing, because the economy is not friendly for the fresh graduates now. Please cut it to at least half. Thank you.

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January 24, 2017 at 3:25 pm

Hi! happy to meet his famous site .Well done! I am a graduate in agric sci but didn’t have much about fishery farming,poultry,pure water and i wish strongly going into acquiring the knowledge. I am living in niger republic .Suggest me what to do;please don’t you branch in sokoto state so that it will make it easy to get attach you via§thanks

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September 21, 2016 at 12:48 am

I am interested with your sample study but I am in Malaysia.How to pay?

October 4, 2016 at 4:46 pm

Pay through Bankwire.

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September 8, 2016 at 6:38 am

Good day, i would like to have the fish farming business plan and poultry farming for half thier price. Thank you.

Please reply as soon as possible so i can makr the payments.

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August 31, 2016 at 10:12 pm

This is very good and I am interested in the write-up but please let make it half of the (N10,000) price u stated. I will be glad to receive a favourable reply from you very soon. Thanks

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August 24, 2016 at 6:22 pm

Thanks for your good gesture, a reasonable discount will be appreciated, I have interest and motivation for fish farming but I need practical lessons for confidence. both primary and secondary production.

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August 9, 2016 at 12:02 pm

All your write up are very good. I will hereby personally request you to reduce cost of your book to accommodate low income earners to enable them establish within the level of finance they can afford. Please can you play a consultant roll is contacted . I will be glad to have a hard copy on Fish Farming . Keep it up/

Best regards.

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July 16, 2016 at 11:13 am

I really like ur script, the wright up is good and encouraging. Please reduce the fee for low class people like us that are eager to make a difference without waiting for government help. Thanks.

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July 8, 2016 at 5:17 pm

Very wonderful I will like to have a copy of my bussiness plan but the only problem is that the price is to high considering this current situation.how i wish the price should be reduce.

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June 4, 2016 at 12:45 pm

hello, i am interested in the pure water and fish farming. do you have any latest technology on the two above.

how about tomato production, i heard of a technology that allows some metric tonnes on a plot of land.

please i do not have any experience

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May 26, 2016 at 4:35 pm

Pls can I have the fish farming business plan at half price, the economy is down and I need to start up something to feed my family. Many thanks

September 5, 2019 at 7:11 am

Please call 08060565721 so we can talk about it.

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April 23, 2016 at 2:25 pm

Much as this fish farming plan is interesting, the price is high. I will ask for a certain percentage reduction in the price to allow me procure a copy, please. You have done a great job, no doubt. 2) Kindly organize seminar for interested people to attend for practical knowledge.

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March 24, 2016 at 10:59 am

It was pleasant to enter your website. How much is the cartfish feasibility study and how soon can I get it.

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March 15, 2016 at 1:54 pm

I had call you last month asking you about the fingerlings and their price so that i can place order and also to have the manual at affordable price for me to start my fish farming busness but i had no response

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March 11, 2016 at 6:51 pm

To be honest, the price is outrageous! Even though the business plan looks like a great one… I really would love to pay if the price could go down a bit.

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February 10, 2016 at 9:51 am

Please can u reduce rate of d amount so that the small parson can afford the cash.

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February 6, 2016 at 7:16 am

Do you have tilapia and the white cat fish information

March 31, 2017 at 9:08 am

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February 4, 2016 at 1:31 am

how soon will i get it if i make the payment ?

March 31, 2017 at 9:10 am

Within 30 minutes of payment verification.

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February 20, 2018 at 3:01 am

pls kindly reduce the amount on cyber café and when can one expect the result when paid?

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January 21, 2016 at 7:41 am

my name is oluwaseun,i have 1 hecters right now and with infrastructure of fish pond,snail………………am presently in abuja working while the investment is in ondo. The farm as die totally abandon 4 years now i want to revive it. way forward.

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January 8, 2016 at 5:38 am

I want two business plans, one for poultry and another one for fishery farming. Can you reduce the price for me?

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December 8, 2015 at 1:01 am

Love to buy but the price is high

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paper cover thumbnail

A BUSINESS PLAN ON FISH FARMING IN KASHERE COMMUNITY GOMBE STATE

Profile image of Valia Jacob

Related Papers

business plan for fish farming in nigeria pdf

Asian Journal of Agricultural Extension, Economics & Sociology

Inibehe Ukpong

BAMISAYE TAIWO

KKLLLLLLLLLLLLLLLLL

Kelechi Igwe

The study focused on evaluation of pond fish production in Umuahia South L.G.A. of Abia State. Data for the study were obtained from 40 pond fish farmers using a random sampling procedure. Well structured pretested questionnaire was used in data collection from the sampled farmers. Statistical analysis was accomplished by means of frequency distribution, percentages, cost and returns analysis and multiple regression analysis. The result of the study showed that there is a significant relationship between total revenue and farm size, feed cost, labour cost and cost of fingerlings. The result also showed that the cost of production was N141, 461.08 with the total revenue of N 321,400.00 and the net income of N 179,938.92 per production cycle for an average farmer indicating that pond fish production is a profitable venture in the study area. Despite its profitability, there were constraints to production which included inadequate finance, high feed cost, scarcity of good source of fingerlings and transportation cost. Based on findings of the study, development of good infrastructures and provision of minimal credit by way of public utility for the pond fish farmers could help reduce cost incurred in pond fish production. Given that animal protein especially beef has continued to be expensive yet in short supply, fish production should be encouraged to guarantee meeting the protein demand of households especially the rural poor in the study area by enhanced value chain by fish farmers.

Adekunle Mario

The study investigate the socio-economic analysis of fish farming in Yewa and Ijebu Division Area of Ogun State The study was based on primary data collected from 120 respondents in the study area. Multistage sampling techniques were used to randomly select the communities that were visited. In terms of age, evidence on shows that majority (60.0 per cent) of the sampled fish farmers, in the study area have their falling between 31 and 40 years. As much as 3.3 per cent were aged, while youths (30 years or younger) featured less prominently (11.7 per cent) among the farmers. 70.8 per cent of the fish farmers were males: it also shows that majority (92.5 per cent) of the fish farmers were married as expected. Meanwhile, results show that all the fish farmers (100.0 per cent) possess some formal education, which is predominantly at the tertiary level; Majority, 58.3% of the sampled fish farmers are also Muslim by religion with 5-10 years fish farming experience by majority. The results also show the distribution of the budgetary analysis of fish production in the study areas. It shows that the mean of the total variable cost is positively signed (N4048275.00), the mean of the gross margin is also positive (N2657463.33), total cost is (N4187853.89), total revenue is (N 1390811.66), the net income is also positively signed (N 2797042.22) while the mean of the total fixed cost is (N 139578.89). This implies that the level of profitability of fish farming in the study area is positive, since the above table shows the net income to be positively signed. Based on the findings of this study, it is recommended that: The major constraint impeding expansion of fish production in the study area was financial problem. Therefore, credit should be made available and accessible to fish farmers at low interest rate by the government and private organizations. There should be an insurance policy that would protect the farmers against mass loss as a result of disease outbreak, pollution, predation and devastating effect of flooding. Government and non-governmental organizations should educate fish farmers on management and solutions to fish farming problems by organizing seminars, conferences, workshop etc.

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CATFISH FARMING BUSINESS PLAN DOWNLOAD IN NIGERIA

This is a complete downloadable Catfish Farming Business Plan  in Nigeria. You can download this catfish business to apply for loan, grant or plan your self financed business. It has all the necessary items that a bankable business plan should contains.

catfish-business-plan-download

Are you searching for catfish business plan in Nigeria? PDF or Msword? This is rightly available and you can edit it to suite your plan. You can check the table of contents below:

TABLE OF CONTENT

Executive Summary

Industry Overview Company Overview

Location and Facilities

Our Objectives

– Our Vision

– Our Mission

– Responsibilities of staff

Industry Analysis

Market Analysis

Marketing and Sales Strategy

Marketing & SWOT Analysis

– Strength

– Weakness

– Opportunity

– Threats

Shea Butter Start Up Asset Cost Requirements

Shea Butter Production and Raw Materials Estimate

Financial Forecast

Cash Flow Statement

Projected Balance Sheet

Sources of Startup Capital

Viability summary/Conclusion and Opinion

EXECUTIVE SUMMARY

Al-amin Nig. Limited is a farm focused on catfish table size production that provides for a large market range. It also produces manure as a by-product. The company is based in Kaduna, Kaduna State. The founders established the company to bridge the huge gap that exist between the daily demand and supply of table size cat fish in Kaduna metropolis.

Not only that we are interested in meeting the demands of the customer, we also plan to create utmost satisfaction for these customers. We also want to use this business as a means of creating employment within the community it is based in and to contribute to the economy of the country.  We plan on provide products with quality and maintain this supply efficiently. This is a business that plans on distributing cat fish to restaurants, home delivery food centers, hotels, schools, clubs, bakery and catering businesses and supermarkets. We also plan on doing this at very affordable prices.

This business plan is meant to articulate the vision and future of our farm, and to appeal to investors and external stakeholders to get involved in this business and help with its funding as it is a capital intensive business. We also hope that it will serve as a guideline for the firm’s employees to move towards the goal of the farm.

Not only do we offer products, but we offer services as well. We plan on providing home delivery services to customers who order a certain amount of products. This offer will mostly be used by the section of our target market that uses eggs, cat fish or fish in large quantities like schools and bakeries.

3,000 fingerlings would be optimum for the initial operation of the business. Production site is in Kaduna, plenty open space, cheap labors, road connection, water availability and immediate access to markets.

Revenue for this will be gotten from personal saving, and grants. Investment in this business shall be allocated to the following purposes: hiring of land, building of fish ponds, feeds, stocking the pellets, hiring the experts and other miscellaneous tasks. Fifty percent gross margin is expected within 6 months of its operations with holding the chances of any accidental or unexpected incidence and we hope to obtain the breakeven point within 1 years.

We have considered the risks, financial, health and technology wisely.

INDUSTRY OVERVIEW The demand for fish according to the federal department of fisheries (FDF) was 2.1 million tons in 2007 while domestic production was 600,000 tons.

This deficit was partly augmented by massive importation of fish of about 900,000 tons valued at over $800 million dollars. This is a big drawback on our scarce foreign exchange. This still left a huge deficit of 600,000 tons, hence the concerted effort to ensure self-sufficiency in fish production through aquaculture in Nigeria.

You Can Also Download Poultry Business Plan for Layers or Broilers

The demand for Fish in the country is currently estimated at about 2.66 million tons annually, as against the local annual production of just 780,000 metric tons, giving a demand-supply gap of about 1.8 million tons. It is very clear that the demand is far higher than supply. What do you see as an entrepreneur? Business opportunity!

According to the Norwegian Ambassador to Nigeria, “Nigeria imports fish especially stock fish from Norway, worth over N109.2 billion Naira ($700million dollars) annually”.

In a May 2012 report, the Chairman of Fisheries Society of Nigeria (FISON) Rivers State chapter, Dr. Awoteinm George revealed that “Nigeria produces just 40 percent of the total Fish consumed in the country”. In other words, a 60 percent local production market is waiting for entrepreneurs to fill.

Aquaculture has been estimated to have the potential of producing 2.5 million tons, which if fully harnessed will almost satisfy the local demand for fish in the country. You could take opportunity of this high demand for fish and start a fish farm today.

This could be that business that would make you a millionaire.

The truth is agro-based businesses are very profitable because they meet man’s basic need-Food.

Al-Amin will measure its success by its ability to achieve the following objectives:

1. Becoming the “Best and most hygienic cat fish producer in the area” complying by the national standards for food and drugs.

2. Turn in profits from the first six months of operations.

3. Maintain 50% gross margin ratio.

4. Winning the hearts and tastes of our beloved consumers and establishing a brand image of the company through heavy marketing campaigns in the first one year.

1. Al-Amin’s mission is to provide customers with quality, fresh, and valuable products.

2. To respect all employees and enable everyone to have a say in company affairs. Quality and service are our number one priority.

3. To provide investors with opportunities to receive a nice return on investment and high-quality growth.

4. To contribute to the community through physical and social programs. Our farm intends to have the largest cat fish farm products.  We plan to increase and expand our production of chicken, fish and eggs to challenge the ever growing demand for these products. The nutritious and protein rich products from our farm would always be the first choice ofour consumers.

OUR KEYS TO SUCCESS

Al-Amin will follow these principles in order to achieve success in its market:

1. State of art pond framework accommodating optimum number of cat fish with lessened possible hazards.

2. Diverse slaughters network, market chain management, optimum inventory level and ‘customer is king’ policy.

3. Regular visits by veterinary medical workers and hygienic cat fish house environment.

COMPANY OWNERSHIP

Al-Amin Nig. Ltd is a private owned business by Jacob Murtala.

How to Download the Complete Catfish Business Plan in Nigeria

The full material is N5000 non-negotiable amount, and you can get it straight to your email for a download in less than 5minutes.

Call 08133717775, or 08030447894

For you to download the complete business plan straight to your email address, kindly Click on the>> DOWNLOAD for immediate response.

You’ll pay the sum of N5000

Bank: UBA: Account details:  AJETUNMOBI OLANIYI Account name:2089760594

Note: We accept bank transfer as a payment means.

After the payment, send your email address and the business plan topic to 08133717775, or 08030447894  we will send it across to you in five minutes. Be rest assured

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This  Business plan  for Fish farming in Nigeria is regularly updated and can also be used to obtain loans and grants etc.

Fish farming is a very profitable business; it is also simple and can be started with small capital.

Lots of Nigerian Youths don’t know that fish farming in Nigeria untapped and could change their lives economically if they decide to get into the fish farming business here in Nigeria

Anyone with a small space and can find a market within a locality can engage in fish farming. In fact, with as little as $500 you can start fish farming. In this Fish Farming business plan, we shall discuss how you can successfully set up a fish farming business.

Fish Farming Business Plan In Nigeria –

Table of Contents

To enable interested investors and business-minded  persons to  take advantage of the money-making opportunities in the  Fish Farming business   in Nigeria , we at NaijaCEO have packaged a comprehensive Business Plan for Fish Farming in Nigeria

1. EXECUTIVE SUMMARY  2. INDUSTRY  3. COMPANY DESCRIPTION 4. MARKET ANALYSIS 5. ECONOMICS OF THE BUSINESS 6. MARKET PLAN 7. DESIGN AND DEVELOPMENT PLAN 8. OPERATIONS PLAN 9. MANAGEMENT TEAM AND COMPANY STRUCTURE 10. FINANCIAL PROJECTIONS 11. GROUP MEMBERS 

EXECUTIVE SUMMARY

Liaoncem catfish business will be established to meet the fish demand in the community. It will be located in Owerri Imo state. The main economic significance of the business is to contribute towards narrowing down the fish demand-supply gap deficit in Nigeria as well as the supply of proteins and micronutrients for feeding the teeming population Imo State, South East and Nigeria at large.

The business would be managed by Micah Erumaka, Hezron and Valio Jacob who are all part of the management team. They are all experienced in the field of fish farming and have managed different businesses across the state.

The catfish industry in Nigeria and Africa at Large in untapped and the fish farming business is a lucrative business as the demand for fish in the country is growing geometrically, the opportunity to expand is necessary because of the growing demand for fish and due to some health benefits attached to the consumption of fish as compared to consumption of meat. With our dominance, and being the only and pioneering fish farm in this locality, we would flood the whole market with our fish. The business will be a partnership with all partners required to contribute capital according to an agreed percentage (40%, 35%, 25%) respectively.

The risk of the business is mainly getting a market and we have already identified our target market. The cost-benefit analysis of this fish farming business plan shows that in the startup year, with 1700 fingerlings in stock and projected sales of 1500 adult fish in one circle which is half a year, we would make N1, 000,000. This implies that about N2,000,000 is realizable annually for two (2) production cycles with a return on investment (ROI) of 100% which indicates that the project is very much feasible, viable and very much profitable and as such worth investing.

INDUSTRY ANALYSIS

ABOUT THE FISH INDUSTRY IN NIGERIA.

The fish industry involves the cultivation and marketing of fish in a controlled environment for all or part of their life cycle. The catfish industry in Nigeria is one of the fast-growing segments of the agriculture fish market today. The growth potential for the catfish market is at its strongest level ever. The demand for catfish is increasing due to the ever-increasing health consciousness of consumers. Per capita consumption of fish in Nigeria has increased at a very high level. These increases in demand are stressing the world’s natural fisheries, which are generally considered to be at or near their maximum sustainable yield, thus increasing the demand for the catfish raised in aquaculture facilities. Not to mention the increasing demand in our society for locally grown products.

GROWTH RATE, INDUSTRY SIZE, OPPORTUNITY AND SALES PROJECTION:

The demand for fish according to the federal ministry of agriculture was 9.1 million tons in 2015while domestic production was 3.5 million tons. The Nigerian Federal Ministry of Agriculture estimates that the demand for fish in the nation is projected to grow from its current demand by 30%.

This deficit was partly augmented by the massive importation of fish of about 1,200,000 tons. This is a big drawback of our scarce foreign exchange. This still left a huge deficit of 4,400,000 tons, hence the concerted effort to ensure self-sufficiency in fish production through aquaculture in Nigeria.

The demand for Fish in the country is currently estimated at about 11,830,000 million tons annually, as against the local annual production of just 3,500,000 metric tons, giving a demand-supply gap of about 8,330,000 million tons. It is very clear that the demand is far higher than the supply.

business plan for fish farming in nigeria pdf

COMPANY DESCRIPTION

HISTORY OF THE COMPANY

The company is a new company which was recently incorporated.The idea for this  Business Plan for Fish Farming in Nigeria  emanated from the intent to make investors see the untapped opportunity in Nigeria, But the idea to venture into fish farming (Catfish) came from the urge to fill the demand for fish in this environment.

OUR MISSION:

To provide healthy fish of high nutritional value and affordable prices that improve people’s lives while improving the lives and livelihood of African populace.

PRODUCTS AND SERVICES

Production of catfish is one business that demands care and expertise, the main expenditure in the production cycle is the fish feed and the staff salary. It takes a life cycle of about six months to get to maturity when feeding adequately.

Catfish is an indigenous spice. As a result of the growing cost of buying meat, this has created much demand for fish. This is the market we intend to fill by taking our product (Catfish) to the market.

Catfish species we would offer:    Clariasnigro-digitatus  Heteroclarias  Clariasgariepinus  Heterobranchusbidorsalis  Heterobranchussp  Clariasspp

How To Go Into Fish Farming Business In Nigeria

business plan for fish farming in nigeria pdf

  • Step one:  Come Up With a Fish Farming Business Plan in Nigeria doc, a vital step .

Here, one has to determine whether one wants to go into a big or small-scale commercial venture, secondly, the pond system to adopt, Re-circulatory system, earthen pond or concrete/plastic pond or both. Then come up with a comprehensive  Fish Farming Business plan In Nigeria doc (document).

  • Step two:  Land:   Acquire land in a suitable location. However, give consideration to the land’s closeness to market, access to good roads and cheap labour.
  • Step Three: Water supply Source for your Fish Farming Business In Nigeria

The provision of a good and dependable water supply is a crucial factor to consider when starting a fish farm business. To cut costs, you can situate your pond near a tap or stream or consider digging a borehole. It’s advised to ensure that clean water is available all the time because fish depends on water for all their needs.

The best water for fish farming is from boreholes. One or two must be sunk to guarantee a steady water supply. The water system must not fail.

  • Step Four: Construction of pond : 

The next step is to either construct a concrete pond or create a pond using plastic or tarpaulin pond types. If you want to start with a concrete pond, hire the service of a professional. However, with the plastic or tarpaulin pond types, you can be flexible as construction is pretty straightforward. In terms of cost, the concrete pond is much expensive than other pond types.

For example, to construct a 17 x 15ft concrete pond on a quarter plot of land usually costs between N100,000 to N300,000. An entrepreneur planning to start a small scale fish business on a tight budget can opt for either plastic tanks or tarpaulin pond types. Tarpaulin/plastic pond types are not only less expensive, they are also easily movable. Typically, tarpaulin ponds of size 17 x 15ft would cost between N70,000 to N90,000. These prices however vary based on the buyer’s pricing capabilities and the quality of the tarpaulin.

Here Are Details Of Catfish Farming In Fish Farming Business Plan In Nigeria

1. Stable supply and Demand

As one of the highest sources of protein, catfish is widely consumed by Nigerians on a somewhat large scale. This means that demand for this product is mainly stable all year round and since fishes grow rapidly, there will always be enough to supply. Investing in fish farming will definitely incur large and stable stream of profits over time.

2. Top consumer choice

CatFish is relatively cheaper than most meat products and hence, it sells faster. It is therefore an attractive venture as it remains the top choice for consumers in terms of affordability.

3. Steady Growth pattern

The growth pattern in fish is very fast and easy to understand. Farmers can also quicken the growth process of the fishes by giving them certain growth-enhancing feeds. This characteristic of fish ensures that farmers can harvest and sell in a very short period of time.

4. High Revenue

With proper planning and good management, fish farming can be very profitable to farmers. With  N 2 million as capital or investment, one could gain up to  N 3 million worth of profit in just six months.

5. Easy to maintain

With adequate knowledge, expertise and resources, fishes can be very easy to handle and maintain.

Without a doubt, fish farming is one of the most lucrative agricultural business ventures. With a brilliant business plan and the much-needed resources and expertise, one can easily obtain great success through fish farming.

Ready To Start Your Fish Farming  Business In Nigeria Or Africa?

Maybe you dream of opening your own   Fish Farming   Business , but you’re still working out the details on how to make that dream a reality. Well we are the leading Business consulting firm in Nigeria and can help you make the process much easier contact us with 08122230861

Get your Business Plan On fish farming in Nigeria

MICAH ERUMAKA aka NAIJACEO

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Micah Erumaka

Micah Erumaka

About Micah Erumaka

Micah Erumaka is the Founder of LiaonCEM solutions which owns NaijaCEO. He is an Internet Entrepreneur and a content creator. After the failure of his first company at age 18 he started NaijaCEO to help entrepreneurs with the information they need in operating a successful business in Africa

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business plan for fish farming in nigeria pdf

Businesss Flat in Nigeria

Catfish Agrarian (Updated)

by 1 Comment

business plan for fish farming in nigeria pdf

Our Catfish Farming Business Plan in Netherlands is constantly updated, it can will used to admittance banker loans, proposal writing furthermore grant applications. The business-related create was consistent after a efficient feasibility studying on Water Farming Business stylish Norway was done. It comes equipped extra bonus, executive direct etc. Catfish farming with this Nigeria is one of who most profitable agribusinesses inbound the country additionally with them you want to go into this business you are set the right track.

According to research over 70 pro cent of Nigerians consume sea on one daily grounded and this do the demand for fish constantly great.

Catfish is individual of the most commonly eaten fish into Hotels, Restaurants, Bars, Joints and Spots, there is no Joint, Spots or Hotel in Nigeria that you won’t find Sheatfish as part of their my, it can be prepared and sold as fish pepper soup or grilled and peppered, he is one of the major Nigeria dish and yet starting recent studies, Catfish farming, production, distribution or marketing are lower than seine demand. Share free summaries, lecture notes, exam prepare and more!!

Catfish Farming Business Plan

In to post, you will learn the fundamental things about Catfish farming and things yours should look out for when venturing into get business. Over 90 per cent of Catfish farmers that have become millionaires knew nothing about which business before they ventured into it, all they did was ask questions, and therefore got the Catfish farm business blueprint and that was it, however employment get who is an idea on how to runing a Common farmhouse canned be beneficial but it’s also somewhat you can learn because the the of the matter belongs that it’s not a difficult things to learn.

Fish farming in Nigeria has become an increasingly remunerative business. The preference also demand of fish over meat has created made fish farming one of that most lucrative business you can have, not just in Nigeria but round the around. Now catfish is the particular fish that are largely consumed because of its many advantages over the other modes of fish, some of which are; itp tastes good, richness included protein, easy to seed, the is highly resistant. It may also attract you to know that fish can survive inbound any total or climatic conditions and they canned feed on vegetables which makes computers a winning maximizing enterprise. ECONOMY PLAN FOR NONYE'S CATFISH FARM

One thing you must knowing is that Catfish wax very fast which is to thy benefit and till fix up a Catfish farm is not expensive unlike select agribusiness, Catfish farm can turn thou into a millionaire within months so is if you need the right information, below are some of the basically things you need toward run a successful Catfish farm within Nigeria but befor person do lets go why you should start an fish farming business. This fish farm business proposal is stationed on the production of catfish. Catfish farming will spawn; grown, as well-being than on distribute catfish to catfish ...

Why Him Need Start A Catfish Farming Business

Seine pools

contrary till some recommendation is starting up a fish farm the costly, starting and running a fish farm is quite cheaper and easier than you may know, However  construction an profitable  and sustainable fish farming business, entrepreneurs requesting sufficient knowledge of how to efficiently build the fish pond, good management skills, with our fish agronomie business manual you willingness has all the information you need to make virtuous profit from this commercial.

Fish farming is becoming more popular for it is easier to raise compared to most animal and it is highly resistant to diseases. Fish can the competence to strived in any temp and weather prerequisite. Whether you want to up fin like a hobby with on a commercial scale, these what some of which major factors to need until consider. Mudcat Fischerei Business Plan In Saudi PDF - Catfish farming activities is one of the most lucrative but mind tasking business; aforementioned Mudcat

You can pitch get order in a comprehensive Katfish husbandry business flat in Nigeria. It comes with one Management Guide and other Vip. To site an order, settle N10,000 to A comprehensive catfish farming employment plan in Nigeria desire include all one goals real objectives you have used your business

GTBank (Guaranty Trust Bank) Account Nominate – Uwadia Eyemeka Account No – 0127561472

Set raise one Profitable Catfish Farming Enterprise

Before venturing into any business it your important that you learn most of the requirements and preferably get a  company plan for your economic. A comprehensive catfish farming economic plan in New will  include get the goals and objectives yourself have by your business. Do you want to start a profitable Catfishes bauernhof business in Nigeria from scratch and make money? Do you need a standard catfish farming business plan / realization study with a well detailed financial analysis real projection? You Cannot Call or email me.....+2348022749999 [email protected]

It is very crucial that you draft a business scheme for your business to comprise all the necessary aspect of the business. When planning until installation choose Dive Farm, thou should also make ampere budget that would consists of all the items you would need to initiate up, feed and maintain get business until the fishes are ready for harvesting and sales. Fish farming feasibility study business plan carries the budgetary. Channel Farming Business Plan in Nigeria (DOC/PDF 2023)

We are professional Business plan writers in Nigeria and will also have with already written business schedules that wishes have you succeed in your businesses. feasibility of fish farm

Ahead going into fish land-, you will need to determine what it will take to achieve success inside the business. Yourself will need to find out what to will need to commence one fish yard. My Fish Business Blueprint | PDF | Cooperative | Business

The human and material resources essential should be considered. Which pond, who workers, sources of water, feed else are bits you require at figure outwards before you initiate the company COMPANY PROPOSAL FOR FISH FARMING 3

Catfish Farming Feasability Student

Am sure you may already be aware from the huge profits in aquaculture (fish farming, catfish farming, shrimp, prawn and lobster breeding); For you follow all one management we have outlined in our catfish agriculture business plan, will you are sure to make high return on financial within a short period of time Nonye Fin Conception came upside as a response to the under-utilization of the water historic of Nigeria and the unparalleled increase in demanding von seafoods due to her health and tasty advantage. Nonye Fish Farm aims at exploiting the riches benefit of

This is usual this first question you shouldn remember asking before starting ampere fish farm. The reason and the motivational for starting the farm has to be very clear. This is cause, your motive will determine the commercial plan that will reflect on the business company. You have to decide in about you want to go commercial otherwise you want to meal your family through the holding. Adekunle Fishes the a fish farm cultivating, marketing and how fishes such as catfish and tilapia in volume around Ogba furthermore environs. We raise the fish from.

There a always a ready market on ones who want for raise fish commercially. It ca be sold to restaurants, market sellers and grocer stores. A research in the industry has shown so most of which retailers who buys get or buy their supplies from farms far away from their shops. These resultate in higher transportation costs and up transaction charge. So setting a fish farm in a strategic position which brings the fish closer to aforementioned online will be a very welcome idea to the retailer and increase patronage. Fish cuisines were very popular among the various ethnic groups, and this belongs sought greatly by restaurants, hence the ready market. BUSINESS PROPOSAL FOR FISH FARMING 3

These is one out the major aspect of fish farming, this water construction. For set a good fish pond to will need the expertise of a professional to help you do it because if it want the fun to grow fast and healthy the design of the fish pond is a vital member because it determines to how aqueous flows to and out of the pond. The pond cultural is the mostly commercially employed methods because ponds when relative up tanks become not so costly. PDF | Fish farming proposal | Meet, read and cite all the research you need on ResearchGate

Files into a pond

There live different kind von angle ponds, there are Earthen ponds, Concrete aquaria, Resin ponds. In select this proper pond a pitch of things has to be considered, for demo for small scale Catfish planters it’s advisable until use plastic pond because it’s cheap and easy into construct and can house a lot of fish as well. So it depends on the scale of enterprise you are aiming under and that is mystery wee have a well written Catfish farming Business Plan to help to with your projections. Catfish Farming Business Plan In Nigeria (2023 DOC) • Nigeria Employment Plan

Water Supply

To start a fish country, you wants need access to regular water supply. The water has the becoming constant and cleanup. This be a very important facet of fish farming, bore hole belongs mostly preferable source out water because water must be available for the fish to survive. Above tanks for holding water are also necessary and supposed be installed, they should also beware of flooding.

One of the best ways is into get good fingerling from another specialized farm and shall sure of that characteristic of that fingerling you buy because healthy fingerlings will produce healthy fishes for you.

Feeding the Fish

Catfish grow quite fast but it depends on the type of feed you give your fishes. Go what different types of fish feeds in the market, superior fish meal are expensive but it’s value it because them can capable of growing your into gigantic sized within a short time. Academia.edu is a platform for academics toward sharing research papers.

Fish command the significant basic like arginine, lysine and methionine for them to grown fast and healthy.

This will very important in ask a master or someone who knows how on run fish farm when to feed the fishes, how to feed them or of correct feed at give them. catfish farming business plan from aka peace otaoghene 18/eng01 ...

That is a vital factor to consider as far as feasibility study on fish farm shall concerned. Location bucket determine the kind from swimming you should construct for the fishes, in a swamped are there is one recommended ponds that should be built, in surfaces where be no too much water there is adenine kind concerning pond that shall be constructed, like I said location is a vital input to consider in dinner farming business plan in Nigeria.

Cost of Feeding

Cost of feeding varies real this depends on of quality of feed you want, here are enhanced feeds which maybe more costly than some but the result on to fish is stunning. There are foreign foods and local feeds, don’t anticipate them to be of the same price because their outcome is non the identical in the fishes. Free feed on almost all food sources and can thrive solely on pallets. They also do well if fed with aquatic plants and meat.The feeding of the fish is not difficult due they are omnivorous in nature. They sometimes feed on algae and larva so you won’t go through a lot of stress to feed your fishing however thou must make sure that they have enough eating at all playing.

Pick Up Your Farm

Dieser are important things such should be put into consideration available settings raise respective pond puddle.

Cost of Labor

This is ultra vital, you must learn an cost of labor, the cost of labor vary, it is not a static thing and this labor is construction of pond and the type of pond you want to construct.

It is also beneficial because it do space for natural biological effectiveness to occur in the system. It also makes provision for technological such as the use of cages or net enclosures to allow more active collection and grow of fry. (PDF) FISH FARMING BUSINESS PLAN

Though, an breeder should be cautious of overpopulation as congestion puts pressure in the system and could retard the growth of the fish to its full potential.it is one of the best and does not require much capital. But a breeder other features of choice of tanks furthermore cages. More complex methods on growing fish are aforementioned most effective, but they are also more expensive.

The most important fact is that, the fish farm has until produce the greatest yield in who minimum area available along the minimum value.

Living Conditions

The temperature of the pond pond should not be below 28 diplomas Kelvin or 82 grad Fahrenheit as fishes need a water temperature in 28-30 degrees Celsius to survives. You should also be mindful of the PH level. It should be suitable with sufficient oxygen to enhance survival of living organisms. Acquire rid regarding concentrated such because sulphur from your pond.

when you want to start fish farm,you shouldn adopt a breeding scheme that would help you maximize the number of recent fishes you get weekly.

A breeder has the luxury of deciding on whether to be simple or comprehensive. It all depends on how strict or lenient his wants to be. He can exercise rigid control over water grade and food supply to affect large yield, or decide to depart most of an fish growing process to nature.

This is one of the key elements that, feasibility how in fish farming give you an overview of how the market operates, what the market has in search of and something you could do toward make healthy retail. Every consumer is lookup for a big fish at with affordable price whether it is a smoked fish conversely not to this feasibility study gives i precisely what you are to get out of the business.

Mixed-sex or Mono-sex Culture

Middle and female fishes that are kept together will readily breed furthermore produce adenine piece of offspring. On very reduces the grow ratings of an adult fish than they able compete for food with which fingerlings.

There are three methods used to avoiding this they include: Raising a mono-sex culture consisting of males all Harvesting the mix-sexed culture before it reach sexy maturity or quick afterwards Raising the mix-sexed culture in fences button tanks that disrupts reproduction.You should avoid over-population per using hormones or genetically specific breeds. Make sure you separate the fingerlings from the breeder. The fingerlings should remain kept in a spacious pond to enable them enough space required effective growth during that breeders supposed must kept in a smaller space or in an aquarium.

The free are harvested by seining and tiring the swimming.

Market Size

If the motive is to do profits, then you required carefully consider the best marketing options available to you which would maximize your profits. Yourself can decide to market directly to consumers or to people who will buyable from they in bulk, and sell them go consumers. Catfish Store PLAN Executive Summery - TONERO CATFISH FARMING COMPANY PLAN Presented by Name: - Studocu

Catfish farming or Fun farming in a broader sense consists of two greater subdivisions, and hey may either been operated separate or more a joint processed. The two forms are the glasshouse and an grow-out pond operation. Of nursery operation is the basis for the grow-out work real as such she cannot be operated without the nursery. Me Catfish Business Floor

For the nursery/hatching process of catfish farming ,the female fish have induced to lay eggs, this are then fertilized, incubating and hatched as fingerling fish including known as fries. These fries become then nurtured from bets three press four weeks into fingerlings the is the size fit since use in and fish grow-out operate

The nursery and grow-out process is referred to since primary operation. It involves of nurturing on the three or four weeks within which they could grow in post fingerlings, mini juveniles and teenagers respectively. At all point, present are nurtured since between quadruplet at five months the grow-out or table size fish suitable for sales furthermore consumption

Our sampler regarding Catfish Farming Business Plan cannot be spent to zufahrt bank loans, proposal writers, grant uses. The business plan was complied next a thorough feasibility studies on Fish Farming employment in Nigeria was done. To place an order, pay N10,000 in

GTBank (Guaranty Treuhandgesellschaft Bank) Account Name – Uwadia Eyemeka Account No – 0127561472

PLUS If You Act Buy, You Will Get These LOYALTY FULLY CONDUCT TO FISH FARMING IN GHANA FLOATING AND SINKING PIKE FEED FORMULATION AND PRODUCING

After payment text your name, is e-mail address and payment details to 07036785443 press you’ll receive it in your email.

BOARD OF CONTENT

2)      Executive Summary: The summary includes introduction, product and services description, distribution and sales among others

3)Company Overview : this includes

  • Mission Statement
  • Our furthermore Current Status
  • Global additionally Products
  • Keys to success
  • Cost summary

4)  Product description: Where I dealt the catfish my including the size, weight etc.

5) Industry press Market Analyzer

Introduction

  • Industry analysis
  • Market analysis
  • Customers scrutiny
  • Competitor analysis
  • SWOT Analyzing
  • Current Situation of aquaculture in New
  • Aquaculture Production in Nigeria
  • Aquaculture Policy Environment at National and State Levels
  • Success potential
  • Skills and abilities for success
  • Production feasibility

6)      Pr Scheme

  • Target Market Strategy
  • Product/Service Strategy
  • Pricing Strategy
  • Distribution Strategic
  • Advertising and Promotion Strategy
  • Sales Strategy
  • Marketing both sales Forecasts

7)      Operations

  • Operations Strategy
  • Scope the Operations
  • Operating Expenses

8)      Development

  • Development Strategy
  • Develop Chronological
  • Application Expense

9)      Management

  • Company Organization
  • Managerial Team
  • Administrative Expenses

10)   Summary of Financials

  • Financial Assumptions
  • Fiscal Forecasts
  • Projected Cash Flow
  • Income statement

iii.      Rest sheet

  • Profit both loss
  • Profit Margin, chart etc
  • Financial Risks

11)   Appendices

Supported used Product/Service Report (e.g., diagrams, pictures, etc.)

Support for Marketing and Sold Plan

Assist for Development Planned

Support for Operations Plan

Resumes of Managerial Team

Financial Statements

  • Income Statement [3 years]
  • Balance Sheets [3 years]
  • Cash Flow Notes [3 years]
  • Proportion Analysis [3 years]
  • Other supporting financial statements

To get and Catfish farming business plan in Nigeria welche also contains a well detailed treasury analysis. Note: Our standard catfish farming business plan happen in Words Document format and also the economic analysis is in excell format which is editable it to suit your taste. To place can purchase, pay N10,000 to

GTBank (Guaranty Trust Bank) Account Identify – Uwadia Eyemeka Account No – 0127561472

For payment text your name, your e-mail address and payment view to 07036785443 furthermore you’ll take it by your email.

The Business Plan wish be sent to your email business after your verrechnung have been confirmed.(Soft copy only).

ALSO INCLUDED IS A MANUAL, FIND BELOW OF CONTENT

TOPICS COVERED IN THE FISH FARMING BUSINESS MANUAL

INSTRUCTIONS TO IMPLEMENT THE BEST MANAGEMENT PRACTICES

Commercial Trawl Production

Sustainable aquaculture making

Why of fish farmers fail

Sitting the farm

FISH POND PROVISIONS, DESIGNS, CONSTRUCTION AND POND TYPE

Earthen pond

Re-circulatory system

Flow through system (Concrete tank, plastic water or vat)

REPRODUCTION IN CATFISH

Vote Your Male & Female Brood Stock Injecting and Female Fish Getting of Male Sperm Stripping the Women Seine

Mixing Semen with Eggs & Spreading Inside the Vat Feeding the Fries/fingerlings Daily schedules concerning works in ditch rearing starting fries Sorting: A Necessary Input Operational cost for fingerlings production

Diseases a fingerlings

Transportation of surf

STEUERUNG OF SIZE SIZES

Water quality/quantity Stocking Good quality fingerling/juvenile Sorting FEEDING Feeds, feeding and feed milling Feed formulation and processing Feed formulation table away 2 month ancient fish and above An model are as shown below (this is an proved formula) in a sounds (1000kg) Culturing tilapia for feeding your fish Handling, sampling and harvesting Catfish health Practical preventive measurements Predators additionally her Choose

RUNNING A ANGLE FARM AS A BUSINESS

Running a fish farm as adenine business Operational cost for stocking 3,000 catfish Cost of Pond construction Frequently asked questions and answers Fish Feed Dealers within Nigeria

Different Business Plans

  • Cold Room Document/File
  • Egg Distribution Document/File
  • Cassava Farming / Treating Document/File
  • Home Materials Document/File
  • Computer Training Center Document/File

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business plan for fish farming in nigeria pdf

Download Catfish Farming Business Plan Nigeria with 3 Years Financial Analysis

We have created a detailed catfish farming business plan in Nigeria to start with your new catfish farming venture to get a financial loan from CBN, NIRSAL, BOI, other investors and future predictions.

WHAT MAKES UP A GOOD CATFISH FARMING BUSINESS PLAN IN NIGERIA?

  • Introduction Executive summary Business ownership Farm location Our vision statement Our mission statement Our business structure Our strength Weakness: Market analysis Market trends Our target market Our competitive advantage Sales and marketing strategy Sales forecast Payment options Financial analysis of the catfish farming business Sources of startup capital

If you’ve been looking for where you’ll get a  business plan for your catfish farming business , all you need is provided below:

EXECUTIVE SUMMARY

Adeleke Nig. Ltd is an agricultural venture that specializes in the production of table-sized catfishes which makes provision for a high market. Manure is also a byproduct that we produce. This company is in Kano, Kano State. The owner of the company started this farm to get bridge thw gap that exists between the demand and supply of table-sized catfish in Kano on a daily basis.

We aren’t only focused on meeting the customers’ demands; our plan is also to make sure our customers are satisfied. The creation of this company is also a way of eradicating unemployment in the area it is located and to be a plus to the country’s economy.  We plan on providing quality products and efficiently maintain this supply. With this business, we plan to distribute catfish to hotels, restaurants, schools, catering and bakery businesses, clubs, home delivery food centres, and supermarkets. Our plan is to do this at affordable prices.

We do not only provide products, but also services. We aim to provide home delivery services to clients who order a particular quantity of products. With this offer, we would like to mostly target our market that makes use of fish, catfish, or eggs in large quantities such as bakeries and schools.

We would make use of about 5,000 fingerlings for the initial operation. The production area is in Kano, a lot of open spaces, water availability, road connection, open space, and swift access to markets.

We’ve wisely taken into consideration the financial, technological, and health risks.

 Download Catfish Farming Business Plan in Nigeria PDF

INDUSTRY OVERVIEW

The federal department of fisheries (FDF) stated in a 2007 report that the demand for fishes was 2.1 million tonnes, and domestic production was about 600,000 tonnes.

There was a partial augmentation of this deficit by massive importation of fishes of round 900,000 tonnes with a value of more than $800,000. This is a significant drawback to our scarce foreign exchange.

With this, there’s still a massive deficit of about 600,000 tonnes.

In Nigeria, the annual demand for fish is said to be around 2.66 million tonnes, which is way below the local yearly production of about 780,000 metric tonnes, which will leave the demand-supply gap to be around 1.8 million tonnes. It’s clearly visible that there is a much higher demand compared to supply. As an entrepreneur, what do you think about that? Business opportunity!

The Norwegian ambassador to Nigeria stated that “Nigeria imports fish, especially stockfish from Norway, worth over N109.2 billion Naira ($700million) annually”.

In a report published in May 2012, Dr. Awoteinm George, who is the chairman of the Fisheries Society of Nigeria (FISON) Rivers State Chapter, stated that “Nigeria produces just 40 per cent of the total Fish consumed in the country”. That is to say, 60% of the current demand is yet to be met by catfish farmers.

It is estimated that aquaculture has the potential to produce 2.5 million tons, which if totally harnessed will satisfy Nigeria’s local demand for catfish. The best bet is to grab this opportunity and fill this gap.

Truthfully speaking, agro-based businesses are extremely profitable, and that’s because they meet the basic need of man, which is food.

At Adeleke Farms, we will measure our success by us being able to achieve the objectives that follow:

  • Maintain a gross margin ratio of 50 per cent.
  • Become the “Most hygienic and best catfish producer in the region,” complying by the NAFDAC standards.
  • Start to make a profit within the initial five months of operation.
  • The mission of Adeleke farms is to provide clients with fresh, quality, and valuable products.
  • Respecting all workers and make sure the voice of every individual is heard in the company’s affairs.
  • Providing investors with opportunities of receiving a good ROI (Return On Investment) and growth of high-quality.
  • Contributing to the community via social and physical programs.

OUR KEYS TO SUCCESS

Adeleke Farms will follow the principles that follow to achieve great success in its market:

  • State-of-the-art pond framework, which will accommodate a substantial amount of catfishes with the least risks.
  • Diverse slaughters network, optimum inventory level, market chain management, and ‘customer is king’ policy.
  • Frequent visits by veterinary medical practitioners and hygienic catfish housing environment.

COMPANY OWNERSHIP

Adeleke Nig. Limited is a private enterprise owned by Dr. Pelumi Adeleke.

How To Download The Complete Catfish Farming Business Plan In Nigeria PDF and Doc

Above is a part of the catfish business plan in Nigerian. If you want the complete catfish farming business plan with 3 years of financial analysis, follow the procedures to download it.

Pay the sum of N8000 (Eight  thousand naira only)   to the account detail below: Bank: GTBank Name: Oyewole Abidemi (I am putting my name and not our company account so you know we are real people and you can trust us) Ac/No: 0238933625 Type: Saving

P.S: We can also tailor the business plan to your name, business size, capital requirements, and more to fit your direct needs.

Thereafter, send us your email address through text message to  +234 701 754 2853 .  The text must contain the title of the business plan you want and also your email address. Immediately after the confirmation of your payment, we will send the ginger business plan in Nigeria to your email address where you can easily download it.

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Dr. Abi Demi is a skilled technical writer and author with specialties in the martech and fintech space. Featured on Tekedia, Coin Review, Business Insider, Fintechna, Cryptocoin.news, Date 360 and several other sterling online publications, Demi is an astute technical writer that specializes in finance, marketing and technology - with over 500 published pieces across the internet ecosystem. Contact Abi Demi - [email protected]

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Aqua4Nations

Fish Farming Business Plan in Nigeria – A Complete Guide

July 25, 2022 Aqua4nations Fish Rearing 1

Fish Farming Business Plan In Nigeria - A Complete Guide

Table of Contents

Introduction To Fish Farming Business Plan In Nigeria

Without a question, fish farming is a more lucrative agribusiness if you are thinking about starting a commercial fish farming firm. Prior to writing a commercial fish farming business plan, research how to raise fish profitably.

To start a fish farming firm , a market analysis and business plan are essential. Before beginning, you should conduct a thorough market analysis. Next, examine the fish demand and market trends in your area. Talk to fish processing facilities in advance if you intend to run a commercial fish farming business for export. selecting the ideal fish species for your operation can help you succeed in the fish farming industry.

Waste Water Management In Fish Farming

The choice of fish species for farming relies on the climate, market demand, maintenance requirements, and resource availability, among other factors.

Fish Farming Business Plan In Nigeria – Executive Summary

This business plan demonstrates how setting up a fish farm in Nigeria is possible. The strategy went into great detail to describe tilapia and catfish aquaculture in Nigeria. The various pond types utilized in fish farming were outlined in detail.

Additionally highlighted was the cost and income analysis of starting a fish farming business in Nigeria. The overall cost, revenue, and profit anticipated from Nigerian fish farming were described. A good fish farmer in Nigeria can achieve a Return on Investment (ROI) of between 40 and 100 percent in a reasonably short period of time, according to the business plan.

This business plan provides all the details you require to launch a fish farming business in Nigeria.

What is Aquaculture?

Aquaculture is referred to as fish farming. Many fish farmers in Nigeria operate their operations for financial gain. In Nigeria, catfish farming accounts for over 80% of all fish farming. The most popular fish raised for aquaculture in Nigeria is the catfish.

Fish farming is a business that anyone can invest in. If you know the ins and outs of the industry, it can be highly profitable. If not, it can be a loss-making endeavor.

Waste Water Management In Fish Farming

Fish farming has the advantage of not being seasonal like other forms of agriculture.

Both the rainy and dry seasons are suitable for carrying it out. In all Nigerian cities, towns, and villages, fish farming is also possible. You can do this business anywhere in Nigeria, including Kaduna, Abuja, Lagos, Ibadan, Abeokuta, Port Harcourt, Calabar, Benin, and Owerri.

The quality of fingerlings and other fish seeds, water quality, water PH, dissolved oxygen in the water, ammonia, farm hygiene, and turbidity are the main causes of fish farming failure in Nigeria.

Procedures to follow before starting a fish farming business

Get a good piece of land or space.

A field, land, or area must be purchased, leased, or rented in order to engage in fish farming. The beauty of the fish farming industry is that, with the use of intensive farming methods, it is possible to operate in a relatively small area.

Since fish farming requires a lot of water, your land or area must always have enough water available. The closer your land is to a commercial region, the easier it will be to sell your fish at a profit and the less expensive it will be to carry your harvests to market.

Set up your water supply

For fish farming, water is crucial. Make sure there is enough water accessible before purchasing the land or area.

Water is a necessity for aquaculture. You can use natural water sources like rivers and streams, a well, or a borehole to get water. Large amounts of water can also be collected during the rainy season for usage later on.

Fish farming problems

Analyze the soil and water

Many fish producers in Nigeria don’t follow this rule. You must send water and soil samples to a reputable lab for examination. The results of the soil and water test will reveal the PH of the soil and water, the nutrients profile of the soil and water, and the kind and number of microorganisms present in the soil and water. You must fix any anomalies found by the test if they are found.

For instance, lime will need to be added to an acidic soil.

Construct the fish pond

Ponds come in a variety of forms. There are benefits and drawbacks to each form of fish pond . It is best to always hire a professional to construct your fish pond.

You ought to have a number of ponds. You will need to separate your fish at various stages and place them in various ponds based on their sizes. You will also have a separate pond where you can keep fish who are ill or hurt. The quarantine pond is what it is called.

You Can Also Read:

  • Catfish Farming In Nigeria - Quick Guide For Beginners
  • What do Fish Eat? A Detailed Guide + Video Tutorial For Beginners
  • How To Start Catfish Rearing In 30 Minutes (Beginner Guide)
  • Step To Step Guide On Hatching Catfish At Home
  • Important Things To Know Before Starting A Fish Farming Business
  • Factors To Consider Before Starting A Tilapia Farming Business

If you don’t sort and separate your fish, the larger fish won’t let the smaller fish eat, which might cause the smaller fish to die and ultimately result in a loss-making fish farming operation.

To protect against predators, the pond needs to be enclosed in nets.

Protect the farm

Fish farms are targets for thieves because they know the products may be easily sold. You can hire a security guard or fence the farm off. You can also utilize an IP camera with night vision that is SIM card enabled. Nevertheless, even without all of the aforementioned precautions, certain regions are relatively secure.

Get capable hands involved

You will need to hire qualified workers if your fish farm is large. Don’t hire somebody based just on their resumes. Hire somebody with practical knowledge of fish farming. Additionally, you ought to request references from their prior employers.

A source of energy

You need a steady source of electricity for your fish farm. If the grid’s power supply is inconsistent, you can use a tiny power generator.

Put fish seeds in the pond

At this point, most fish farmers make mistakes. I can vouch for the fact that inbreeding has occurred in the majority of Nigerian fingerlings and other fish seeds.

They are unsuitable for successful fish farming operations. Many farmers do not understand this. Once you purchase these fish fingerlings or fish seeds, you will need to keep feeding them because they won’t mature into large fish, which means you will probably lose a lot of money.

Tilapia farming

Even the majority of fish hatcheries keep the healthy fingerlings for themselves after hatching them and sell the unhealthy ones to gullible fish farmers.

Get quality fingerlings, and you’ll be halfway to profitable fish farming. Avoid runts and stay away from fingerlings priced at absolute bargains; this is a tactic used to get you to acquire subpar fingerlings.

Fish seeds come in post-fries, fingerlings, juveniles, and giant varieties. Prices start at N8 and go up to N60.

Controlling the fish farm

You must adhere completely to your fish farm’s daily management plan. The water should be cleaned with disinfectants on occasion. Antibiotics can also be used to combat illnesses that could harm a fish farm.

Before adding manure to the pond, it should be treated and cleaned.

Fish should not be harvested before a definite purchase agreement has been made with buyers. Some purchasers deceive farmers into harvesting before they subsequently visit the property and start making outrageous offers. You can promote your products by going to nearby eateries and hotels.

Fish Farming Business Plan: Catfish Fish Farming Cost and Revenue Evaluation For 5,000 Fish

This business plan for fish farming calls for the maturation of 5,000 catfish. While stocking fish seeds or fingerlings, a farmer can utilize a number of strategies to save money.

This business plan recommends purchasing 15,000 fingerlings at a cost of N10 each, for a total of N150,000. Please be aware that the fingerlings will be periodically separated until only 5,000 of the best and healthiest fish are kept till they reach maturity. The remaining fingerlings might be offered for sale to additional fish growers. Also take note that the aquaculture business plan does not address the option for the fish farmer to create his own hatchery.

The fish will likely be raised for five months and then sold.

Cost Evaluation

The fish farm would be funded with N296,000 in the first month. This includes the fingerlings’ N150,000 price. The fish should be fed as frequently as possible throughout the first month. The fish should at the very least be fed three times per day. The fish will eat about 12 bags of fish feed in the first month. At this point, copper feed, which costs between N8,000 and N8,700 a bag, can be utilized.

Every week, the pond needs to be cleaned, treated with salt, and given antibiotics. It is possible to use the excellent antibacterial and antifungal drug Blagdon.

Tetracycline and other broad spectrum antibiotic drugs are also options. The first month should see the start of fish size separation. The table above includes the prices for labor, power, operations, drugs, and other items.

About 14 bags of feed are anticipated to be used by the fish in the second month. At this point, ziegler and coppers feed are appropriate. The estimated cost for the second month is N159,000. This includes N117,000 for food, N15,000 for labor, N11,000 for power, N10,000 for operating costs, and N6,000 for other expenses.

Fish farming business

N303,000 is anticipated to be expended in the third month. The estimated price of feeding is N214,000. The third month should see substantial use of Ziegler feed and maggot.

The fish are anticipated to consume 32 bags of feed during the fourth month. The largest fish should consume 6 mm of feed, while the middle-sized fish should consume 4 mm of feed. N330,000 is the entire estimated expenditure for the fourth month. The table above displays the cost breakdown.

According to the table above, N373,000 is anticipated to be spent on food, labor, operations, miscellaneous expenses, and power in the fifth month, which is anticipated to be the final month before harvest. At this point, 38 bags of feed are anticipated to be used.

Business Plan for Catfish Farming – Revenue Evaluation

If the fish farm is well managed and the fish are divided into several ponds based on their sizes. In all likelihood, after 5 or 5.5 months, around 1,500 extremely huge fish, N 1,000 enormous fish, 2,000 medium size fish, and 500 small fish will be harvested.

The super-sized fish, which can weigh up to 1.2 kg or 1.5 kg, are anticipated to sell for between N1,200 and N1,500. The super-sized fish will bring in N1,800,000 when sold for N1,200 each.

The price of the large fish is N650. They ought to weigh around 1 kilogram or little more on average. The fish farmer will earn roughly N650,000 from this (if sold N650 per kg multiplied by 1,000 fishes).

There will be 2,500 pieces of medium and tiny fish. In local slang, these are referred to as mélanges and are offered for sale in baffs. 38 baffs are equal to 2,500 pieces of tiny and medium-sized fish. About 28kg make up a baff. The 38 baffs are anticipated to generate a total of N420,000 in sales.

There will be N2,870,000 in sales overall.

From 5,000 catfish stocks, a profit of (N2,870,000 − 1,461,000) = N1,409,000 is anticipated.

Please take note that your region, management procedures, and socioeconomic realities may change the cost, income, estimations, and assumptions in this fish farming business plan.

Catfish Farming Melange

After three months, a catfish farmer may choose to grow his catfish and sell it as a mélange. The short term is advantageous, and this may be beneficial.

If the catfish farmer sells his fish as mélange, he can still achieve Returns on Investment (ROI) of 40% to 50% after three months.

Some farmers find it far simpler to raise their fish and sell them as mélanges since they can avoid spending money on the costly feeds and fats needed to fatten their fish.

More information about Fish Farming Business Plan In Nigeria

Catfish characteristics.

The African catfish has an elongated body, small eyes with bones, and a rather large head. It is typically farmed in Nigeria and other African nations. Typically having long dorsal and anal fins, Nigerian catfish thrive in freshwater environments. It can also be grown in farms and at home. The catfish ranges in color from brown to black. The fish has a fairly whitish belly. The catfish uses its gills, which it expands and closes, to breathe.

Nigeria’s catfish heritage

In Nigeria’s freshwater bodies, catfish naturally exist. Over a century ago, Nigeria was where aquaculture first became a commercial endeavor. In Nigeria, people have been raising fish, particularly catfish, for decades.

Fish farmers have raised catfish extensively in both the southern and northern parts of Nigeria. Around 1950, catfish were domesticated for the first time in Nigeria. In South Africa, Ghana, the Congo DR, and other African nations, the same domestication trials were conducted at the same period.

The management of catfish farms, spawning, breeding, harvesting, and selling were all part of the catfish domestication experiments conducted in Nigeria in the 1950s.

Prior to some of them switching to aquaculture, the early fishermen in Nigeria caught catfish in rivers and other freshwater bodies using boats, nets, and hooks.

Fish farm

Nations that produce catfish

The world produces catfish in a number of different nations. Even in chilly nations like the UK, Netherlands, Canada, the US, and Belgium, catfish is raised and produced in vast quantities.

Catfish are produced in Nigeria and the majority of African nations. In Nigeria, catfish production is preferred by the majority of fish farmers.

Catfish Biology and Habitat

All of Africa is home to the African/Nigerian catfish. Nearly all of Nigeria’s nations are where it is found in its natural habitat. You can locate catfish in freshwater bodies in Egypt, Nigeria, South Africa, Congo, and Somalia, among other places. Additionally, catfish can be found in the waterways of Turkey, Lebanon, Syria, Palestine, etc. South American nations including Mexico, Brazil, Peru, and others have catfish. Additionally, China and Vietnam are home to catfish. In reality, several nations are now using catfish in their rice farming. It has been demonstrated that catfish farming increases rice productivity in China and certain other Asian nations.

Rivers, floodplains, lakes, streams, and wetlands all include catfish.

They have the ability to travel from larger bodies of water to flooded areas to mate and then return to their original habitat. Catfish migrate in uncultivated water primarily for reproductive purposes.

A catfish adult female may produce 60,000 eggs per kg. Catfish typically lay their eggs on vegetation near the bodies of water they inhabit. Juveniles that will subsequently mature into adults emerge after these eggs hatch (after 20–60 hours).

Manufacturing Systems

In Nigeria, catfish are raised in pits, ponds, concrete ponds, plastic tanks, fiberglass, etc. that are coated with tarpaulin. In addition to well-established catfish farms, fingerlings can also be found in Nigeria’s flooded plains close to rivers and dams.

Following the introduction of fingerlings to the farms, fish/soya meals and grain-based feeds are periodically fed to the fingerlings. These industrial techniques that are highlighted here are also used in other nations.

Supply of seeds, hatchery output, and nursery

When the surrounding environment is ideal, wide catfish will reproduce. These environmental factors include an increase in water level, suitable humidity and temperature, and the availability of enough water.

Hormones are used in aquaculture to help catfish reproduce. Ovaprim, Deoxycorticosterone Acetate (DOCA), and Human Chorionic Gonadotropin are some of these hormones (HCG). Having quality broodstock in catfish farming might determine whether a farmer makes a profit or a loss.

The Nigerian government supports a variety of studies to help the nation become self-sufficient in the production of high-quality broodstock for catfish farmers.

Nigeria has a variety of large and small hatcheries, however there aren’t enough of either in the nation. Catfish larvae are typically fed a combination of egg yolk and cow brain for 3–7 days in well-run hatcheries before being put in ponds at a density of 50–80 per square meter. Prior to adding the larvae, the ponds are enhanced with chicken manure to encourage zooplankton growth. In certain circumstances, netting and other materials are used to protect the ponds from predators.

Fish farming problems

The catfish postlarvae are often fed compound diets for 24-28 days. The fingerlings are graded and weighed after being harvested at the 28th day. In contrast, those weighing less than 6 grams may be fattened until they reach the appropriate weight of 6 grams before being sold to farmers who require them or transferred to production ponds. In the nursing of larvae, there is a 30 percent survival rate.

Large hatcheries operated by seasoned catfish farmers in Nigeria make use of intense recirculation systems. In these hatcheries, genetically enhanced broodstock is used along with live organisms as feed.

Brachionus, Moina, Daphnia, Artemia, and other live feeds are included. The success percentage of eggs to fry in these hatcheries is roughly 70%, and some have success rates of more than 80%.

The demand for catfish fingerlings is extremely high in Nigeria. It greatly outweighs the available supply of fingerlings. Many of the fingerlings sold in Nigeria are of poor quality and do not develop into large animals, which lowers farmers’ Returns on Investment (ROI).

In recirculating aquaculture systems, fry are fed artemia during the first 14 days. In the recirculation aquaculture system, biofilters are utilized to remove excess ammonia and nitrogen and the water temperature must not rise beyond 28 degrees Celsius.

In order to stop or avoid illnesses, the entire aquaculture system is cleaned and disinfected at the end of each cycle.

Catfish-growing techniques

There are several techniques for raising or farming catfish, which are described below:

Using earthen ponds

Catfish are frequently grown in earthen ponds in Nigeria. This kind of fish-growing technique is excavating a certain area of land and turning it into a pond where fish may be supplied, fed, and harvested once they are old enough.

In order for the harvest to coincide with holiday celebrations like Easter, Christmas, New Year’s, and Muslim festivals, fish are typically stocked in earthen ponds.

Due to the higher demand for their stock of fish throughout various seasons of the year, fish farmers anticipate making profits that are above average.

Chicken dung and other organic kitchen scraps, such as plantain and yam peels and food scraps, are frequently used to feed earthen ponds. The clay ponds can also be fertilized with compost. Fertilization enhances the growth of the zooplankton that fish can consume. The fish may gain weight as a result and see an improvement in their general health.

Grading of fish is done on occasion while using clay ponds to develop catfish in order to distinguish between larger and smaller fish. The larger fish can eat the smaller ones and diminish the pond owner’s potential profit.

When fish are sorted and separated in clay ponds, the smaller fish have a better chance of finding food since if they are kept with the bigger fish, they won’t be able to fish as effectively and may starve to death.

Water-quality-Management-in-fish-pond

To prevent predators like snakes from accessing the clay ponds, nets should be utilized to guard and fence the ponds. The catfish can be prevented by the net from traveling to nearby water bodies to breed.

  • Raceways and tanks

The majority of catfish farmers in Nigeria prefer to raise their fish in ponds. Due of its portability and ease of usage, tanks are frequently used in Nigeria’s metropolitan regions. Unlike the use of ponds, using tanks to cultivate catfish does not require any specialized knowledge or technicians. In contrast to ponds, technicians are required for pond building and mapping. Fish tanks are simple to purchase on the open market and may be put up in a short period of time.

The tank might be made of concrete, steel, or plastic. While the concrete fish tank must be erected on the premises, the plastic and steel tanks can be easily purchased from the open market.

In Nigeria, 400 catfish weighing between 5 and 15 grams apiece can be kept in a concrete tank measuring 4 by 3 by 1.3 meters. The fish can be harvested for 300–600 kg every cycle after six months of feeding. The fish farmer’s abilities and competence have an impact on the yield.

The innovative method of cultivating catfish that has been developed and implemented in Nigeria is the water recirculation system. With this novel technique, some farmers now raise catfish. There should be a supply of high-quality floating feed available for water recirculation systems, although this is a problem in some regions of Nigeria. The usage of a water recirculation system might not be successful without appropriate floating fish feed.

Due to the water’s inconsistent circulation throughout the system, there needs also be a sufficient supply of electricity.

A water pump and a biological filter made of plastic substrate are both common components of water recirculating systems. The density of fingerlings is 100–200 per cubic meter, with a recirculation rate of 2–10 litres per second. Every year, fish output rates of above 900 kg per cubic meter have been observed. Nigeria imports the majority of its floating fish feed, however some companies and fish farmers there make their own.

Since freshwater has a very low saline level, it is preferable to use it for recirculation aquaculture systems. Seawater is not good for catfish.

Plastic substrate biological filters are used to temporarily purify the water in the recirculating system. The system is housed in plastic tanks that are part of a fiberglass and concrete housing.

Recirculation aquaculture systems are much more intensive than tanks, and a farmer can collect up to 1,000 kg of fish per cubic meter of space using the former. The recirculation aquaculture technology also requires a modest amount of land. The intensive nature of recirculating aquaculture systems allows for a lot of productivity; nevertheless, using these systems in Nigeria may be expensive.

Plains Underwater

This type of catfish farming involves introducing fingerlings to flooded plains, which are typically particularly rich in zooplankton. This is possible in regions that yearly undergo seasonal flooding of plains. Due to the transport of debris and decomposing plant components, flooded plains are fertile for all forms of agriculture.

Another benefit of the flood plains is the natural recruitment of catfish fingerlings. The water that is released as a result of flood activity carries a variety of fish and their fingerlings. A portion of the flooded plains can be used by locals, who can then introduce their own catfish fingerlings and harvest the adults before the floodwaters recede at the end of the season.

This is a more affordable method of conducting aquaculture, particularly the rearing of catfish in Nigeria and other African nations with flooded plains that occur seasonally.

While using holes to produce catfish is uncommon in Nigeria, it is highly popular in nations in southern Asia like Bangladesh, India, and Nepal. This form of catfish-growing technique involves building or digging ditches that are 1 to 2,500 meters square, introducing fingerlings into these holes, pits, or ditches, then feeding them until they become adults and are harvested.

One gram of fingerlings per 40–80 cubic meters of space is stocked into the holes, and 200–300 grams of fish are anticipated to be harvested.

Water-quality-Management-in-catfish-rearing

In this kind of growth environment, the fish have a survival rate of roughly 40%.

In Nigeria, catfish are also raised in cages. In open water areas like rivers and dams, catfish can be stocked in cages that have been submerged. The bodies of water must be freshwater. The biggest benefit of employing fish cages for fish raising is that the water doesn’t need to be changed because the water is constantly being replenished by flowing water.

In comparison to other techniques of catfish raising, cages can be a little easier to manage. The fish may be simply taken because they are gathered in the cages. Cages are relatively simple to purchase and install in bodies of water.

Catfish Feed

In Nigeria, traditional catfish feed is composed from ingredients like maize, wheat, rice bran, cornmeal, groundnut meal, and cottonseed meal. The grains are the source of the fish feed’s carbohydrates, while the protein comes from groundnut, fish, or soya bean meal. On their farms, several large catfish growers also prepare and pelletize their own meals. Typically, the meal has a 30-34 percent protein content. Brewery waste, poultry droppings, cocoa husk, coffee pulp, and other raw materials are utilized as ingredients in fish feed produced in farms. The production of fish can be fed with earthworms, crickets, termites, maggots, and other insects and worms.

The most popular source of protein for catfish bred and farmed in Nigeria and most other African nations is animal protein, such as fish meal and blood meal. When compared to other catfish fed with varied percentages of crude protein, catfish fed on feed with 34 percent to 43 percent crude protein frequently outperform them. Numerous studies have confirmed this reality.

Although the raw materials are nearly identical in recirculation systems, the types of feeds employed are considerably different from those in conventional systems. This is because the composition of the crude protein and other nutrients is different.

The majority of the packaged fish feed that is sold in Nigeria is imported.

Catfish farming

Several businesses had intentions to begin manufacturing high-quality fish feed in Nigeria , but only a select handful have succeeded. Utilizing locally produced fish feed still raises certain difficulties for Nigerian fish producers.

Catfish collection techniques

With the use of hauling seines, catfish that are ready for the market can be gathered. The seine net is available in a variety of sizes, from very large to very small. Before purchasing the seine net, you must take into account the size of your pond or fish farm.

The fish can be sized after being hauled out for simpler pricing and sales. In Nigeria, harvested catfish are often sold by the kilogram.

However, some fish producers favor smoking their catfish to increase sales when business is slow.

Additionally, the pond may be drained to make all of the fish readily visible for simple catching. Some fish can conceal themselves in the dirt as well. The farmer will be able to dig through the mud and extract all of the catfish by draining the pond.

If a farmer uses a recirculation system or tanks, graded bars can also be employed for catfish partial harvesting. The larger fish are typically harvested using graded bars.

Processing and Handling

When not in water, the Nigerian catfish and kindred African catfish are exceptionally tough. The catfish’s body still has water on it, so they can go without it for days without suffering any major consequences. This makes handling catfish relatively simple. The caught catfish can be transported to the market for sale by being put onto trucks or placed in plastic bowls with little water. These enclosures can hold the catfish for days without any of them dying. Catfish are typically sold to ladies.

These women may work as brokers or as proprietors of bars and restaurants. In major cities and towns in Nigeria, women make up roughly 80% of the catfish customers. As was previously mentioned in this business strategy, some farmers favor smoking their collected catfish.

A catfish can be killed in a matter of minutes by salt that has been placed on its skin. In Nigeria, one of the most popular methods for killing catfish before processing is salt. The fresh catfish’s gills are removed, and they are then put in the conventional oven for smoking. Catfish that has been smoked can be kept for months without going bad.

Additionally, catfish can be made into fillets. Fresh catfish is adorned with pepper, onions, and sauce in restaurants and pubs in Nigeria before being roasted.

Delicious roasted catfish is frequently enjoyed with soda, beer, and juice. If you go to a pub or restaurant in Nigeria, you might see roasted catfish there.

In Nigeria, catfish is the fish of choice while cooking pepper soup. Nearly all Nigerians enjoy eating pepper soup, which is a delicacy.

Price of production

The price of producing catfish varies by location in Nigeria. The cost of labor is significantly higher in urban areas like Abuja and Lagos than it is in rural areas like Aiyetoro, Ogun state.

Because the majority of the feed producers are located in Lagos, the price of fish feed may also be lower there. However, the same product may be more expensive in rural parts of northern Nigeria due to the high cost of trucking feeds there from Lagos.

In Nigeria, the cost of feed continues to be the largest production expense for catfish. Between 50 and 75 percent of the overall cost of producing catfish in Nigeria goes toward feed. All catfish farmers express vehement dissatisfaction about the price of obtaining feed for their stock of catfish.

water-quality-of-fish-pond

Farmers must deal with the high expenses of the industrially generated feeds because there are now no affordable and effective substitutes for the industrially produced feeds.

Farmers that use locally sourced feed frequently lament the underweight of their catfish and are frequently compelled to purchase fish feed made industrially. Other African nations’ catfish growers likewise bemoan the high price of fish feed. The importation of fish meal and other protein sources, the depreciation of the naira, and the high cost of power are the main causes of the high price of fish feed in Nigeria.

Diseases and Prevention Techniques

There are several diseases that can harm catfish, but if they are detected early enough, they can often be prevented and controlled. The following are descriptions of a few diseases:

Production, Market, and Trade Statistics

The Netherlands, the United Kingdom, France, Belgium, and other countries offer sizable markets for African catfish; however, Nigerian catfish farmers have not been able to access these markets due to government red tape and a failure to meet the requirements required by these nations.

In Nigeria, the cost of a kilogram of catfish ranges from N400 to N700, depending on the buyer’s region and purchasing power. Local market vendors frequently attempt to negotiate steep discounts on fresh catfish from farmers. They employ a variety of tactics to unfairly overcharge for the just caught catfish.

Condition and Trend

The market for catfish in Nigeria will keep expanding because fish farmers there primarily only raise this one species of fish. In Nigeria, tilapia and croaker culture is uncommon. Any town or city in Nigeria is likely to have a large population of catfish farmers.

The growing demand for catfish in Nigeria is also a result of the country’s expanding population, rising rural-to-urban migration, and planned restrictions on fish imports.

Although over 65 percent of the catfish harvested in Nigeria is sold fresh, value addition to catfish is another factor contributing to its rising demand and consumption.

The main problems with Nigerian catfish farming

Land ownership is still a problem for catfish farming in Nigeria . Investors in fish farming frequently find it extremely difficult to buy farmlands in some places, such as Lagos, due to touts known as “omonile.” The omoniles can prevent you from gaining complete control of the farmland until you pay them an outrageous price known as a “owo ile” in the local lingo, even after you have paid the landowner and other costs that the government has stipulated.

Another significant concern in Nigerian catfish farming is pricing.

Some farmers still struggle to make ends meet because the local market vendors, who are frequently women, resort to all kinds of shady tactics to buy the caught catfish at exorbitant prices while fully aware that the farmer would prefer to sell the catfish rather than spend excessive amounts of money feeding the fish. There are times when the market women will offer to buy from the fish farmers at a predetermined price only to arrive at the farm and inform the farmers that they are unable to purchase at the predetermined price. The farmer may have gathered his fish with the expectation that the women would show up and make the agreed-upon purchase.

Fish diseases

Aquaculture is not practiced in Nigeria due to the high cost of imported raw ingredients for catfish feed. Nigeria mostly imports its primary protein source for catfish feed from South Africa, Belgium, and the Netherlands. The local currency’s depreciation has increased the cost of importation, which is passed on to fish growers. However, catfish consumers do not want to accept the price increases brought on by the rising cost of catfish feed. As a result, catfish producers’ profits have decreased.

In places like Lagos, the water quality used for catfish aquaculture might be problematic. The cultivation of catfish may suffer as a result of the excessively saline water in some parts of Lagos.

Ethical methods for raising catfish

Farmers of catfish should make an effort to abide by all the laws and regulations of the nation and region they operate in. In several states in Nigeria, catfish growers are required to get governmental permissions before they can engage in fish farming. Small fish producers are not eligible for these permits. To be on the safe side and avoid engaging in activities that would be considered criminal where they operate, the huge catfish growers might need to apply for these licences. For instance, catfish farming is not allowed in several residential districts of Lagos Island in the state of Lagos.

Farmers of catfish should also use and dispose of water responsibly (including waste water). Effluents shouldn’t be dumped into waterways since they can affect wildlife, vegetation, and people who utilize the water. Fish farm waste needs to be properly disposed of.

Farmers of catfish are also encouraged to join cooperatives or associations because there is power in numbers. Dealing with cooperatives and associations is preferred by governments and non-governmental organizations (NGO). They may provide loans, grants, and other forms of support to cooperatives or association members. Rarely do they deal with specific catfish farms.

Tilapia Rearing

Tilapia is a member of the cichlid fish family . Tilapias are freshwater fish that can be found primarily in lakes, ponds, rivers, and streams. They can be discovered in brackish water as well. Tilapia is appropriate for both industrial and small-scale fish production. Although tilapia farming is not widespread in Nigeria, several African nations have adopted the practice.

The Nile Tilapia is the species of tilapia that is most frequently raised in Africa, including Nigeria. The breed of this species that is best suited for farming. Since tilapia are omnivores, they can consume both meat and vegetables in their diets.

Although it can be more difficult than catfish farming, tilapia farming can be quite profitable. This is especially true in the area of fish sex management.

Tilapia breeding

Male tilapia fish are typically kept by tilapia growers. I have never come across a commercial tilapia aquaculture operation that had females on hand. Due to the size of male tilapia, which might increase the farmer’s income, they primarily keep males. Additionally, because female tilapia are so prolific, keeping them will result in an overabundance of little fish in your pond, which is bad for the overall health of the fish population.

Fish farming business

The many techniques for breeding male tilapia progeny are listed below:

Utilizing methyltestosterone (MT)

Methyltestosterone is introduced to the food of the young tilapia fish in this method. As a result, the males remain men and the females develop into males. Methyltestosterone merely turns a female’s sex to a man. It contains a hormone that alters sex. After 30 days, methyltestosterone does not remain in the fish’s body, making it safe to consume.

This process exclusively results in guys with YY chromosomes. To generate solely male tilapia fish, a sex-detection method is used.

Although it is a highly laborious process, men and females can also be separated from one another in the hatchery.

Techniques for Growing Tilapia

Ponds can be used to cultivate tilapia. Ponds may be man-made or natural. Fish are kept or raised in man-made bodies of water known as artificial ponds. For pond-cultured tilapia, the primary inputs are vegetation, bran, chaff, manures, feed, and inorganic fertilizers.

Fertilizers and animal dung promote the development of zooplankton, which tilapia can consume. The growth of planktons high in protein can raise the yield of the pond. One of the most nutrient-dense manures for tilapia pond culture in Nigeria is chicken manure.

When employing manure, the pond’s level of oxygen content needs to be checked. Excessive manure application can reduce the oxygen content of the water and have a negative effect on the pond’s fish population.

The yield of tilapia per hectare can be increased by about 4 tonnes in 150 days by applying 220 kg of chicken manure per week per hectare along with 28 kg of urea and 7 kg of Triple Super Phosphate (TSP) per week per hectare. If this yield is annualized, it can be increased by about 10 tonnes in a year.

If the soil is acidic, the pond needs to be limed. Every day, the pond’s dissolved oxygen concentration should range from 5 to 15%.

Aquatic cages

In bodies of water, metallic-made cages called floating cages are positioned. These cages house tilapia fish until they are harvested. The main benefit of the floating cage is that the water does not need to be changed frequently, however there is a problem with the cage’s effluents polluting the water body.

Raffia and other hardwood materials can also be used to construct cages, although these cages are not as durable as those made with iron rods.

Other advantages of a floating cage include:

  • Diseases in the fish can be closely watched.
  • The amount of money required for floating cage culture is not very high.
  • Harvesting is relatively inexpensive.

These are the drawbacks of floating cage culture:

  • Thieves or predators may harm the cage.
  • A greater danger of disease outbreak exists.
  • Feeding costs could be more expensive.

Raceways and tanks can also be used to cultivate tilapia. The volume of these tanks and raceways can range from 10 to 1000 cubic meters.

Recirculation techniques

Tilapia stock is intensively managed using the recirculation system. The fish rearing tanks, biofilter, solid removal apparatus, aerator, and degassing unit are the main elements of a recirculation system.

The biofiliter cleans the system of undesired debris and substances like ammonia. The fish are raised in the fish raising tank. The solid removal apparatus removes undesired solids from the recirculation system while the aerator increases the system’s oxygenation.

To ensure that the water is free of ammonia and other undesired pollutants, the recirculation system makes sure that clean water is used to replace the waste water each day. The fish in the system may experience issues from ammonia-rich water, and they may even perish.

Tilapia harvesting techniques

Seine nets can be used to catch tilapia in ponds, just like catfish can. When fish enter the seine nets, which can be dispersed over the pond, the net’s rope is dragged in order to catch the fish.

Some seine nets can be left out overnight to catch the pond’s fish. To find the fish that may have hidden in the dirt, the pond may need to be dug out.

The nets are available in various sizes. Some types of nets can only be handled by numerous persons, but others are larger and can only be handled by one person.

In several African and Nigerian cultures, tilapia is also harvested using baskets. The raffia-woven baskets have a cylindrical shape that prevents fish from being able to escape once they get inside.

Fish Farming Business Plan In Nigeria - A Complete Guide

Tilapia can also be harvested by hand, particularly in cultures that emphasize intensive farming. The technology allows for the fish to be captured in an enclosure so that each one may be manually selected.

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Well done. The above analysis and business plan for fish farming in Nigeria, happen to be among the best I have come across. With little help a novice can apply this knowledge and succeed.

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business plan for fish farming in nigeria pdf

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Fish Farming Business Plan In Nigeria

October 14, 2020 by admin 1 Comment

Fish farming business plan in Nigeria – So many people do not really know ow lucrative fish farming business is , that why we came up with is article to share a little light on fish business and why it is very important for you to get a business plan if or whenever you decide to go into the business. Are you about to start you fish business or you have already started, do you need a sample catfish farming business plan or professional catfish farming business plan t use for your business or for a loan?, Then i guess this post is for you, because we came up with this post to enable you get a business plan so that you can start your business on a high advantage.

After a lot of research we found out that there is a lot of money to be made in agriculture sure as Tilapia fish farming, catfish farming, shrimp, prawn and lobster breeding, all this businesses are very lucrative when done right. Starting or going into any of this businesses is one of the best decision you would ever make because you will get a high return on investment within a short period of time if done well.

GET YOUR CATFISH FARMING BUSINESS PLAN IN NIGERIA LATEST EDITION INCLUDING Financial analysis and feasibility Study manual. Place Order Now, pay N10,000 to

Account Name: Oliver Uwadia

Account Number: 3094192129

After payment text your name, your e-mail address and bank teller number or your transfer reference number to  08107015636  and A Copy of our Catfish Farming Business PLAN In NIGERIA /FEASIBILITY STUDY PDF will be send to your email.

Like we have said earlier catfish farming is a lucrative form of fish farming business. So many people who are in this business are always happy that they are in this business because they know the amount of profit they are making everyday.

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If you are going into fish farming you should know that fish farming has two or it consists of two major subdivisions, which could either be operated separately or as an integrated process. The two subdivisions are list below there are

  • The Nursery operation
  • The grow-out pond operation

The nursery operation comes first before the grow-out pond operation. The nursery operation is the first step you take when developing your fish that’s why the The Nursery operation is very important because without the The Nursery operation you cannot operated the grow-out operation because The nursery operation is the basis for the grow-out operation

Lets talk more about The Nursery Operation, this is the process where by the inducement of the female fish to lay eggs, which are then fertilized, incubated and hatched fish are known as fries. These fries are then nurtured from between three and four weeks into fingerlings which is the size suitable for use in the fish grow-out operation. If you don’t really know to mush about fish farming then that is why it is very you get a business plan that would help you build your business well.

primary operation which is known as The nursery and grow-out operation, it involves the nurturing of the three or four weeks within which they could grow into fingerlings, mini juveniles and juveniles respectively. Just give it up to four to five months so that they can be nurtured into grow-out or table size fish suitable for sale and consumption.

We have professional business plan writers and because of that we have decided to come up with a professional fish business plan to help you build your business, are you already a catfish farmer that are interested or are looking for Bank loan, grant or other business plan competitions

For you to be able to write a business plan not just any kind but a professional business plan, the process is very technical and demanding and it requires a lot of research, that why we came up with our business plan because we have done the all the hard work so you don’t need to go thought the stress and spent a lot of money and energy.

In the catfish business plan contain the follow:

1) Table of Contents

2) Executive Summary: The summary includes introduction, products and services description, marketing and sales among others

3) Company Overview: this includes

Mission Statement History and Current Status Markets and Products Objectives Keys to success Cost summary 4) Product description: Where I described the catfish products including the size, weight etc.

5) Industry and Market Analysis

Introduction Industry analysis Market analysis Customer analysis Competitor analysis SWOT Analysis 6) Marketing Strategy

Target Market Strategy Product/Service Strategy Pricing Strategy Distribution Strategy Advertising and Promotion Strategy Sales Strategy Marketing and sales Forecasts 7) Operations

Operations Strategy Scope of Operations Operating Expenses 8) Development

Development Strategy Development Timeline Development Expenses 9) Management

Company Organization Management Team Administrative Expenses 10) Summary of Financials

Financial Assumptions Financial Forecasts Projected Cash Flow Income statement iii. Balance sheet

Profit and loss Profit Margin, chart etc Financial Risks 11) Appendices

Support for Product/Service Description (e.g., diagrams, pictures, etc.)

Support for Marketing and Sales Plan

Support for Development Plan

Support for Operations Plan

Resumes of Management Team

Financial Statements

Income Statement [3 years] Balance Sheets [3 years] Cash Flow Statements [3 years] Ratio Analysis [3 years] Other supporting financial statements

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Fish Farming Business Plan In Nigeria (PDF Full Details)

Fish Farming Business Plan In Nigeria (PDF Full Details) – This business plan demonstrates how a fish farming endeavor might be carried out in Nigeria. The strategy went into great detail on catfish and tilapia farming in Nigeria. The many types of ponds used in fish farming have been extensively discussed.

In addition, the cost and income analysis of starting a fish farming business in Nigeria was emphasized. The overall cost, income, and profit predicted from Nigerian fish farming were outlined. The business plan shown that a successful fish farmer in Nigeria may achieve a Return on Investment (ROI) of 40-100% in a reasonably short period of time.

Fish Farming Business Plan

This business plan contains all of the information you’ll need to get started with your fish farming operation in Nigeria.

Fish farming is the practice of growing fish. Many people in Nigeria who participate in fish farming do it for profit. Catfish farming is practiced by approximately 80% of Nigerian fish farmers. Catfish is the most often employed type of fish in aquaculture in Nigeria.

Fish farming is a company that anybody can start. It may be highly successful if you know what you’re doing, or it can be a loss-making endeavor if you don’t.

The advantage of fish farming over other forms of farming is that it is not seasonal. It is possible to accomplish it both during the wet and dry seasons. Fish farming is also possible in all Nigerian cities, towns, and villages. This business may be conducted in Kaduna, Abuja, Lagos, Ibadan, Abeokuta, Port Harcourt, Calabar, Benin, Owerri, and other cities in Nigeria.

The primary causes of failure in Nigerian fish farming include the quality of fingerlings and other fish seeds, the quality of water, the PH of the water, dissolved oxygen in the water, ammonia, farm hygiene, and turbidity, among other things.

TABLE OF CONTENT

  • EXECUTIVE SUMMARY——————————————————————- 4
  • Growth Rate, Industry Size, Opportunity and Sales Projection—————— 5
  • Nature of Participants——————————————————————— 5
  • Industry Structure————————————————————————– 5
  • Key Success Factor———————————————————————— 6
  • Industry Trends—————————————————————————– 6
  • Our Goals———————————————————————————— 6
  • Mission————————————————————————————— 7
  • Products and Services——————————————————————— 7
  • Legal Status——————————————————————————— 7
  • Target Market——————————————————————————- 8
  • Buying Behavior————————————————————————— 8
  • SWOT Analysis—————————————————————————- 8
  • Competitor’s Analysis——————————————————————— 9
  • Benefits to Clients———————————————————————— 10
  • ESTIMATED ANNUAL SALES AND MARKET SHARE———————— 11
  • Fixed and Variable Cost—————————————————————– 12
  • Required Startup Capital—————————————————————- 13
  • Loan Needed—————————————————————————— 13
  • Sales and Marketing Strategy———————————————————- 14
  • Opportunity or Problem in the Market to be Addressed————————– 15
  • Our Pricing Strategy——————————————————————— 15
  • Payment Options————————————————————————- 16
  • Publicity and Advertising Strategy————————————————– 17
  • Challenges and Risk——————————————————————– 18
  • Projected Development Costs——————————————————- 19
  • OPERATIONS PLAN——————————————————————— 19
  • Sales and Cost Plan——————————————————————- 20
  • Cash Flow Statement—————————————————————— 21
  • Loan Repayment Plan—————————————————————– 21
  • CONCLUSION——————————————————————————- 22

1.  EXECUTIVE SUMMARY

Majesty of Justice Farms catfish business will be established to meet the fish demand in the community. It will be located in Damagasa, Gudu district, Abuja. The main economic significant of the business is to contribute towards narrowing down the fish demand-supply gap deficit in Nigeria as well as the supply of proteins and micro nutrients for feeding the teeming population FCT Abuja, North Central and Nigeria at large.

The business would be managed by the Proprietor. He is experienced in the field of fish farming and have managed different businesses.

The Fish Industry is a lucrative business as the demand for fish in the country is growing geometrically, the opportunity to expand is necessary because of the growing demand for fish and due to some health benefits attached to consumption of fish as compared to consumption of meat. With our dominance, and being the only and pioneering fish farm in this locality, we would flood the whole market with our fish. The business will be a sole proprietorship with the proprietor required to contribute capital and also sourced for credit facilities.

The risk of the business is mainly getting a market and we have already identified our target market. The cost benefit analysis of this plan shows that in the startup year, with 12,000 fingerlings in stock and projected sales of 11,700 adult fish in one circle which is half a year, we would make N7,020,000. This implies that about N14,040,000 is realizable annually for two (2) production cycle which indicates that the project is very much feasible, viable and very much profitable and as such worth investing.

2.  INDUSTRY ANALYSIS

The agricultural industry of which Fish Aquaculture business is a subset of is no doubt among the leading industry in most countries of the world; it is the industry that produces fish for the populace.

Because of the significant role the agriculture sector plays, the government of most countries ensures that they go all the way to subsidize seedlings, fertilizers, and farming implements and machinery for farmers and also encourage entrepreneurs to go into commercial farming (fish farming inclusive).

The Fish Aquaculture industry comprises of businesses that farm aquatic animals or plants in controlled aquatic environments. Businesses in this industry make use of some form of intervention in the rearing process to enhance production, such as holding in captivity and protecting from predators, pests and disease.

It is important to state that this industry does not including the fishing and harvesting of wild fish and shellfish especially on the high sea.

The fish industry involves the cultivation and marketing of fish in a controlled environment for all or part of their life cycle. The catfish industry in Nigeria is one of the fastest growing segments of the agriculture fish market today. The growth potential for the catfish market is at its strongest level ever. The demand for catfish is increasing due to the ever-increasing health consciousness of consumer. Per capita consumption of fish in Nigeria has increased geometrically. These increases in demand are stressing the world’s natural fisheries, which are generally considered to be at or near their maximum sustainable yield, thus increasing the demand for the catfish raised in aquaculture facilities. Not to mention the increasing demand in our society for locally grown products.

²  Growth Rate, Industry Size, Opportunity and Sales Projection

The demand for fish according to the federal ministry of agricultural was 2.7 million metric tons in 2019 while domestic production was 0.8 million metric tons. The Nigerian Federal Ministry of Agricultural estimates that the demand for fish in the nation is projected to grow from its current demand by 30%.

This deficit was partly augmented by massive importation of fish of about 1.9 metric tons. This is a big drawback on our scarce foreign exchange. This still left a huge deficit of 1.9 metric tons, hence the concerted effort to ensure self-sufficiency in fish production through aquaculture in Nigeria. The demand for Fish in the country is currently estimated at about 3.51 million metric tons annually, as against the local annual production of just 1.04 million metric tons, giving a demand-supply gap of about 2.47 million metric tons. It is very clear that the demand is far higher than supply.

²  Nature of Participants

The participants in this industry ranges from other local farming mainly in the south-south, south east, north East region of this country and also importers of the product. The participants of this industry are all after which supply type would bring profit.

²  Industry Structure

The Nigerian fishing industry comprises of three major sub sectors namely the artisanal, industrial and aquaculture. The awareness on the potential of aquaculture to contribute to domestic fish production has continued to increase in the country. This stems from the need to meet the much-needed fish for domestic production and export. Fish species

which are commonly cultured include Tilapia spp, Heterobranchusbodorsalis, Clariasgariepinus, Mugiespp, Chrysichthysnigrodigitatus, Heterotisniloticus, Ophioce-phalus obscure, Cyprinuscarpio and Megalospp. Fish culture is done in enclosures such as tanks. The aquaculture sub sector contributes between 0.5% and 1% to Nigeria’s domestic fish production

²  Key Success Factor

We are the only fish farm in Damagasa which provides us with the avenue to control the market, and being the only fish farm we will enjoy monopoly.

The growing population is another major factor because more people are coming ranging from civil servants to business men and women, investors and people from all part of the country.

²  Industry Trends

The demand for catfish is non-seasonal commodity. There are no up and downtrends in this industry as there is always demand for catfish. Demands even goes higher than normal during festive periods but they are no periods when demand is below normal as even during fasting periods, at evening time of break, people would also come to buy to break their fast.

3.  COMPANY DESCRIPTION

The company is a new company which was recently Registered with The Corporate Affairs Commission.

The idea for this business plan emanated from the desire to secure loan to further expand the operation of the intended business of Catfish farming.

²  Our Goals

1. To remain pioneers in the fish farm business and to further strengthen our leading position.

2. To increase the production of our product (Catfish).

3. To lay emphasis on the vertical integration of the production and to achieve added value.

4. To increase productivity and efficiency to the benefit.

5. To establish long-term planning for the benefit of the consumers and make more profit.

6. To successfully meet the challenges and demands of the domestic market.

7. To seek transparency in the structure, operation and production of the company.

To provide healthy fish of high nutritional value and affordable prices that improves people’s lives and high-quality while improving the lives and livelihood of Abuja populace.

²  Products and Services

Production of catfish is one business that demands care and expertise, the main expenditure in the production cycle is the fish feed and the staff salary. It takes a life cycle of about six months to get to maturity when feed adequately.

Catfish is an indigenous spice. As a result of the growing cost of buying meat, this has created much demand for fish. This is the market we intend to fill by taking our product (Catfish) to the market.

²  Legal Status

The Company is registered under the Companies and Allied Matters Act (CAMA 2004) and will comply with all the necessary rules and regulations that guide the operations of Companies in Nigeria as contained in the Act.

4.  MARKET ANALYSIS

Fish Farming in Nigeria started gaining wide spread recognition in the year 2000 and has now become a business that all farmers are venturing into. Statistics has it that only 50% of the demand of fish has been met, why is that so? Statistics also has it that 51% of poultry farmers are now engaging or converting to fish farming.

Nigeria who is a major consumer of fish has been known for her large importation and dependence on fishing in rivers, lakes and the sea, yet the demand for fish is still high. States around the west like Lagos, Ogun and Osun realized the business in good time, that’s why in 2007 Lagos state had over 40,000 registered farmers and 20,000 being fish farmers, this statistics is not taking into consideration the non-registered farmers. This large market of life fish has remained untapped by the residence of States in North East, North West and North Central Nigeria, and that is what Majesty of Justice Farms will be offering residence of Damagasa and its environs.

On daily bases a large number of fish is been imported into the country in order to attempt to meet the unending demand yet the demand never seems to reduce. This is an indication that there is a need for increased fish farming in the North and Central regions of the country.

²  Target Market

With the location of our business in North Central, FCT Abuja, Gudu District and particularly Damagasa to be specific, we hope to enjoy huge patronage of the large population here.

Below is a list of the people and business that we will market our catfish to;

  • Individuals
  • Restaurants
  • Fast food eateries
  • Agriculture merchants

We are planning to meet a production capacity of 2,700 catfish per month. We would make effort to contact cold room buyers within, and preservation through drying is also an option we are planning for. We are also planning to reach out to industrial users that utilize the fish for fish meal production and other products. Having carried out our feasibility analysis and research on our target market and location, we have seen that basket load of tomatoes thrown away at the end of market day but fish is one product that is never sufficient for sale and here are adequate preservation processes available.

²  Buying Behavior

As a new business that is just starting, also considering the location of our business, we will be selling basically on cash but might consider giving credits to individual who purchase in large quantity either for consumption or resale.

²  SWOT Analysis

Majesty of Justice Farms do not intend to launch out with trial and error hence the need to conduct a proper SWOT analysis.

We know that if we get it right from the onset, we would have succeeded in creating the foundation that will help us build a standard catfish farming company that will favorably compete with leading players in the Fish and Seafood Aquaculture industry in the North Central and in the rest part of Nigeria.

A SWOT analysis was conducted for Majesty of Justice Farms. Here is a summary from the result of the SWOT analysis;

·         Strength:

Our strength as catfish farmer is the fact that we have healthy relationships with loads of major players (agriculture merchants) in the industry; both suppliers of fish, feeds and medications and buyers of catfish within and outside Gudu District.

We acquire some of the latest fish farming tools and equipment that will help us raise and produce catfish in commercial quantities with less stress. Aside from our relationship (network) and equipment, we can confidently boast that we have some the most experienced hands in our payroll.

·         Weakness:

Our weakness could be that we are a new catfish farmer, and perhaps it might take us sometime to attract big time customers in the industry. We are aware of this and from our projection will overcome this weakness with time and turn it to a major advantage for the business.

·         Opportunities:

The opportunities that are available to us as a standard and world – class catfish farmers cannot be quantified, we know that there are lots of households, and businesses such as hotels and fast food restaurants that can’t do without daily supply of catfish. We are well positioned to take advantage of this opportunity

·         Threat:

Some of the threats and challenges that we are likely going to face when we start our own catfish farming are global economic downturn that can impact negatively on household spending, bad weather cum natural disasters (draught, epidemics), unfavorable government policies and the arrival of a competitor within same location.

There is hardly anything you can do as regards this threats and challenges other than to be optimistic that things will continue to work for your good.

²  Competitor’s Analysis

Our main competitor in this fish farming business is the importers of frozen fish. From our analysis, the cost per kilogram of frozen fish, popularly called ice-fish is N800, to achieve this, weighing three units which give a kilogram of and a unit of that size of fish bought for N300. Currently, the catfish is sold to main distributors at N600 per kilogram, and it is retailed at N700 per kilogram, this makes it reasonably cheaper,

survey data has shown that the catfish is preferred to the frozen ice-fish in taste and nutritional value. For other competitors in the catfish market, we have a considerable advantage, being that fish farming is our passion and our farm is situated right within reach and the market premises which makes supervision easier and effective. The business being a sole proprietorship, it is the owner that will provide all the factors for the production as land, the location and climate of the area is very suitable for fish production. The business has relatively low overhead expenses with few staff presently to match current production capacity.

²  Benefits to Clients

Most children that grow with low protein intake end up malnourished and low intelligent quotient. Economically, the continuous importation of frozen fish to the country reduces our GDP, and thus reduces the national income. Also, the ever increasing rate of unemployment in the country is truly becoming worrisome to the Government and well-meaning Nigerians.

Like most entrepreneurs, the goal of the fish farm business is for profit, but the underlying benefits cannot be overemphasized, from putting more fish into the system, thereby increasing the chance of more source of protein in the society at affordable rate to reduction of unemployment rate and increase in national income, taxes are paid and wealth are distributed.

5.  ESTIMATED ANNUAL SALES AND MARKET SHARE.

Total annual production

6.  REVENUE DRIVERS AND THE PROFIT MARGINS

The end product of fish farm is the grown up (Adult) fish for sale in the market. Unlike poultry farming or other farms where you can have other bye products like the animal dung, fish have no such bye products which you can also sale for profit.

Our revenue driver, would be the sale of the grown up or adult fish to the market. The revenue to be raised here from this sale is high if we are able to work hard and ensure our fish are alive, healthy and well feed and reach the market desired size. When we buy a fingerling at the cost of N30, after the growth cycle of 6 months, the fish would be sold in the market for about N600 – N700, it’s a big revenue driver for us. So we have to work hard so that this is achieved.

²  Fixed and Variable Cost

  • Depreciation
  • Seed (Fingerlings)
  • Electricity
  • Labour Cost

7.  START UP COST

²  required startup capital.

The required startup capital is Seven Million, Three hundred and Four Thousand, Four hundred Naira ( N7,304,400.00k ) only .

²  Loan Needed

The loan needed is Seven Million, Three hundred and Four Thousand, Four hundred Naira ( N7,304,400.00k ) only.

8.  MARKETING PLAN

²  sales and marketing strategy.

The demand for catfish is non-seasonal commodity, we have plans to reach out to other market in the North Central states for faster sales and better profit, we plan to also employ the service of the available modern fish driers as we have identified that dry fish yield more profit and it is preserved and sold at will. We are also planning to contact Bulk cold room buyers from target market, who are still looking for more fish supply as the fish demand and fishes’ stock have not been able to satisfy them and they are always on the lookout for more.

We are quite aware that the reason why some catfish farming companies hardly make good profits is their inability to sell off their catfish as at when due. Our sales and marketing team will be recruited based on their vast experience in the catfish industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall business goal of Majesty of Justice Farms.

Over and above, we have perfected our sale and marketing strategies first by networking with agriculture merchants and businesses that rely on daily supply of fish that are likely to become our customers. In summary, Majesty of Justice Farms will adopt the following strategies in marketing our fish and seafood;

  • Introduce our business by sending introductory letters alongside our brochure to stakeholders in the agriculture industry, households, hotels and restaurants and agriculture produce merchant etc.
  • Advertise our business in agriculture and food related magazines
  • Attend related agriculture and food expos, seminars, and business fairs
  • Leverage on the internet to promote our business
  • Engage in direct marketing
  • Encourage the use of word of mouth marketing (referrals)

²  Specific Strategy

Marketing strategy is a process that can allow a business venture to concentrate its limited resources on the greatest opportunities to increase sales and achieve a sustainable competitive advantage. Our marketing strategy is centered on the key concept that customer satisfaction is the main goal. Without customers we cannot survive or exist. We intend to use market penetration as our marketing strategy. This is because the sellers in this location import fish to sale, so since we would be opening our own fish farm, we would have to take over the market by penetrating, marking the

wholesalers and individual buyers to buy from us until we break the chain of buying imported fish. We intend to achieve this as we already have new customers and market demand, lower prices (through flowing on breakeven for the first periods of sale), aggressive promotion and distribution.

²  Opportunity or Problem in the Market to be Addressed

Fish remains the most acceptable and healthy source of protein for human consumption, but this essential product is not readily available in our local content to address the demand of our ever increasing population, hence the continuous importation of frozen fish to make up for the shortfall, but still the gap in demand and supply keeps widening, giving rise to high cost of purchase and denial of fish in most homes because they cannot afford it. Rampant cases of goiter (sickness due to lack of iodine) is been recorded in our hospitals in recent times due to the scarcity of the main source of iodine, fish in most homes. This is a social and economic problem I felt should not be left to the Government alone.

²  Our Pricing Strategy

Some of the factors that will help you sell your farm produce at the right price that will guarantee that you make profits is dependent on your strategy while some of the factors are beyond your control. For example, if the climatic condition is unfavorable and if there is natural disaster in the location where you have your catfish farm, then it will directly affect the prices of your fish.

Over and above, if you want to get the right pricing for your catfish, then you should ensure that you choose a good location for the catfish farm, choose a good breed that will guarantee bountiful harvest, cut the cost of running your catfish farm to the barest minimum and of course try as much as possible to attract buyers to your catfish farm as against taking your catfish to the market to source for buyers; with this, you would have successfully eliminate the cost of transporting the goods to the market and other logistics.

We are quite aware that one of the easiest means of penetrating the market and acquiring loads of customers for all our catfishes is to sell them at competitive prices hence we will do all we can to ensure that the prices of our fish and seafood are going to be what other catfish farmers would look towards beating.

One thing is certain; the nature of catfish farming business makes it possible for catfish farmers to place prices for their catfish based on their discretion without

following the benchmark in the industry. The truth is that it is one of the means of avoiding running into loss.

²  Payment Options

The payment policy adopted by Majesty of Justice Farms is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of Nigeria.

Here are the payment options that Majesty of Justice Farms will make available to her clients;

  • Payment via bank transfer
  • Payment with cash
  • Payment via online bank transfer
  • Payment via cheque
  • Payment via mobile money
  • Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our client make payment for farm produces purchase without any stress on their part. Our bank account numbers will be made available our to clients who may want to deposit cash or make online transfer for catfish.

Product : Our products are in high demand in the market. There is great need and demand for supply of catfish. We intend to grow our product to be very qualitative and beat down all imported fish in the market.

Price : Our products price would be fair to those in our target markets, we have greater advantage as buying from us would mean the buyer would not incur transportation (carrying) cost as our farm house is close to all our target market. We have considered our prices and have seen that selling from N600 would give us profit while those selling in the market by other sellers are sold for N700 – N750. Our Products are price is almost on same benchmark with the prevailing market price.

Promotions : At the initial or first harvest, we intend to draw customer’s attention to our farm and product by offering discount to customers on total price payable. This discount would be given as below:

Above 30 pcs of fish 1.5% Discount

Above 90 pcs of fish 2% Discount

Above 150 pcs of fish 2.5 % Discount

500 and above 5% Discount

Distribution : Our product would be available at the farm sales room (Cool Room) immediately after harvest where buyers can come to buy, wholesalers, retailer and also individual buyers. We would make arrangements for customers to contact the sales representative to place order which would be delivered using the business car.

²  Publicity and Advertising Strategy

Any business that wants to grow beyond the corner of the street or the city they are operating from must be ready and willing to utilize every available means (both conventional and non – conventional means) to advertise and promote the business. We intend growing our business which is why we have perfected plans to build our brand via every available means.

We know that it is important to create strategies that will help us boost our brand awareness and to create a corporate identity for our fish and seafood farming business. Below are the platforms we will leverage on to boost our fish and seafood farming brand and to promote and advertise our business;

  • Place adverts on community based newspapers, radio stations and TV
  • Encourage the use of word of mouth publicity from our loyal customers
  • Leverage on the internet and social media platforms like; YouTube, Instagram, Facebook ,Twitter, LinkedIn, Snapchat, Badoo, Google+ and other platforms to promote our business.
  • Ensure that we position our banners in strategic positions all around Damagasa

– Gudu District.

  • Distribute our fliers and handbills in target areas in and around our neighborhood
  • Contact corporate organizations, households, landlord associations and schools by calling them up and informing them of Majesty of Justice Farms and the catfish we sell
  • Brand our car and ensure that all our staff members are involved in the

9.  DESIGN AND DEVELOPMENT PLAN

The farm is built in Damagasa town to hold a capacity of 12,000 fingerlings and would be fed till they grow to adult and sold in the market once they reach the desired market size. The cycle period is 6 months (24 – 28 weeks). We intend to start another cycle immediately the adult fishes are sold and start another cycle at the same scale, that is, with 12,000 fingerlings. We would flood the Damagasa market with our fish which is cheaper than the ones imported and sold in the area. Also, our second target which is Gudu, in the town’s market, there is no fish farm, all the fishes sold in those location are costly and ours would be cheaper till we fill the market and make them start buying from us. The farm house was built to accommodate Four (4) large ponds for start, Borehole when constructed will be the source of water to the farm house, a drainage system for disposal of changed water from the pond, a cool room system to serve as store room while we sales the fish to the market, an equipment store house. The farm land is very large and will be fenced as we still have hopes to grow as our sales rise. Light to the farm would be supplied to the farm from the government source but we have a 14KV generator as stand by power due to the high need of light by fish farm. About N7,000,000 would be loaned and invested into the business at start up and the proprietor would manage the farm but would make use of few laborers (8 laborers).

²  Challenges and Risk

Challenges in Catfish Farming: Fish farming is a very lucrative business and a profit maker all year round. The reason for its profitability can be attributed to the fact that it is a food and it is always in demand. In fact, the demand for fish can never be met because of the massive population we have especially here in Nigeria. As any farm or business venture, catfish farming involves risk. This risk if managed carefully could be minimized, as they have the potential to wipe out your fish stock or make the farm unprofitable. Some of these challenges and risks include:

Fish Loss: This loss could be as a result of disease affecting your fingerlings in the pond. Some of these diseases include; Enteric Septicemia, Columnaris, Aeromonas, Virions, Tape Worms, round worms, flukes, etc.

Fish is very sensitive to manage and a slight mistake could result to degenerated growth of your fish or even death which may cause massive revenue loss.

Water Contamination: Spillage into the ponds could cut off oxygen flow to the fingerlings or fishes and this would kill the fishes.

There is no byproduct in fishery unlike poultry where even the drop can be harvested and sold to other farmers and make extra profit. In fishery, all you get is the flesh.

Quality of Fingerlings: Poor quality fingerlings may die or even fail to grow and this would result in a loss of investment.

Setting up fish farm is capital intensive, much more than that of poultry and snail farming. Setting up fish farm requires more careful planning and much capital input.

Failure of water supply: Breakage of water supply is potentially dangerous to the fish and if such occurs, there are great tendencies of the fishes dying.

  • Fish farming is capital
  • It is labor intensive
  • Cannibalism and high mortality rate of fingerlings
  • Pest and predators
  • Market instability
  • Loss during

²  Projected Development Costs:

We intend to construct more additional 8 ponds to raise our ponds to 12. With this capacity, we intend expand our production to about 36,000 fingerlings to be raised for sale. A borehole will need to be drilled and a water tank shall be installed; this will be the source of water for the fish farm. A greenhouse to further stabilize temperatures shall cover the fish tank. Among our future plans is to also purchase hauler trucks (Cold room Vehicle) to facilitate the selling of our fish as we intend to dominate the whole of North Central States and FCT.

10.  OPERATIONS PLAN

General approach to operations

Actual Production Process The fish cycle starts from getting the fingerlings from the market into the pond and then feeding them with the various feeds until they are due for harvest and then taken to the market for sales.

Why Company Is Cited: The company is cited in Damagasa due to a host of different factors which include the growing presence of the civil servants which makes it a growing area with high population and different people from different parts of the country. This gives us an advantage in terms of the demand for our fish. Labor is another reason for choosing this particular location. The Damagasa community is

characterized by a population where youths occupy the largest percentage of the population and most of these youths are either drop outs or those who cannot further their education, these makes it possible for the company to get labor at a cheaper rate compared to cost of labor in Gudu. Another reason is the fact that with time the company intends to be hiring graduates especially those from the agricultural department as workers in the company either on interim basis or permanent basis. With its nearness to FCT, the company is exposed to information about new variety of fish, or new improved feeds through their research and development.

Business Location : The farm is located in Damagasa, Gudu District, FCT Abuja. The site is generally flat with gentle sloping which is quite suitable for the farm. This slop would ensure 100% drainage of the pond water. We have a plot of land there which covers a vast land. The farm site is also located near the community stream. The environment is cool and dense which support fish production and there is an access road from the farm to the main dual carriage way which would reduce transportation cost. Furthermore, harvested farm products can easily be transported to our target markets for sale. Weekly sales are also numerous within the community. The site is also very motor-able hence vehicles can easily reach the site to evacuate fish farm products.

Facilities and Equipment : The facilities and equipment needed in the catfish farming are as follows: Electric Aeration, Hauling Trucks and Tanks, Generator, Mechanical Blower, Truck Mounted/ Tractor – powered, Harvesting bag net, Bamboo Screen Trap, Leveling tool, Distilling tool, Seine, Boom Truck, Fish Basket, Tractors, Picking Truck, Fertilizer Tools, Analysis Kit, Chilling Box, Cast Net, Nets and Trap, Fingerling Seine, Fingerling Suspension Net, Gillnet Seine generator, Spawning tools, Fridge etc

11.  FINANCIAL PROJECTIONS

²  sales and cost plan, ²  cash flow statement, ²  loan repayment plan:.

Modified Payback Period: an investment / project evaluation technique which will be adapted by this business is the modified payback period.

The modified payback period is the classic economic method of evaluating investment or project proposals. It recognizes the time value of money as well as the time it will take the business to pay back it loan obligation.

It postulates that cash flows arising at different time periods differ in value and are comparable only when their equivalents present value is found out.

v  Payback Period of Loan

This implies that the business is viable as it can recoup the investment within less than two years.

12.  CONCLUSION

Like several other agribusinesses that have great potentials for both scale and profitability starting a fish farming in Nigeria or across Africa is a great agribusiness to start up if executed at the right scale.

We also know that fish farming in Nigeria is one of the most profitable agribusiness to venture into, and as such, investing in the agribusiness is a smart decision to make, especially with its local demand and very high export potentials.

Written By:

  • Daspan Gwaska
  • Plateau State University

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Fish Farming Business Nigeria PDF

Business plan – Feasibility Study

Fish Farming Business Nigeria Feasibility Studies / Business Plan

(pdf) fish farming business nigeria feasibility studies / business plan how-to-start-fish-farming-in-nigeria.

Fish Farming Business In Nigeria PDF/ DOC

Fish farming falls under the animal production sector of Agriculture, which can also be described as Aquaculture. Aquaculture is the farming of aquatic organism — fishes, crustaceans, mollusks etc., in fresh, salty or brackish water. Fishes are a known source for protein, and fish farming involves the planned growth and cultivation of fishes in tanks or proper enclosures for harvesting as food or commercial purpose.

GET POULTRY FARMING BUSINESS PLAN / FEASIBILITY STUDY – CLICK HERE

GET PIG FARMING BUSINESS PLAN / FEASIBILITY STUDY – CLICK HERE

GET PURE WATER BUSINESS PLAN / FEASIBILITY STUDY – CLICK HERE

GET GRASSCUTTER FARMING BUSINESS PLAN / FEASIBILITY STUDY – CLICK HERE

FACTORS TO CONSIDER BEFORE STARTING Fish Farming In Nigeria

TECHNICAL KNOW-HOW / PLANNING

THE CHOICE OF FISHES TO CULTIVATE

AVAILABLE MARKETS

ENVIRONMENTAL FACTORS/HAZARDS

FINANCIAL ANALYSIS

ECONOMICS (Start Small)

Catfish farming the most popular form of fish farming in Nigeria which is therefore where the discourse of this article will likely be centered.

Our Catfish farming Business Plan is full of help and industry secrets to make sure your Catfish farming Business succeeds. Our main focus is the same as yours! We write business plans for successful business farmers; we want your business to succeed so we write our plans to make sure that it does!

So what is different about our Catfish farming Plan?

Fish Farming Business In Nigeria Business Plan PDF/DOC

The business plan is updated before sending to you. No other company does this. Our Catfish farming Business Plan is different as we

* Provide you with a unique plan; not the same download as everyone else. * Update the plan to reflect present economic conditions not those of years ago! * Use exclusive information from sector experts, trade associations and accountants to ensure the plan is current. * Use data from successful companies including tips and industry secrets so that you can grow your business. * Tell you how to get new customers, and keep the ones you have, in the current difficult economic situation.

how-to-start-fish-farming-business PDF / DOC

CONTENTS OF THE BUSINESS PLAN ON FISH FARMING INTRODUCTION Current Situation of aquaculture in Nigeria Aquaculture Production in Nigeria Aquaculture Policy Environment at National and State Levels Success potential Skills and abilities for success Production feasibility

MARKET ANALYSIS Overview Product description Financial projections Competitors marketing analysis Proposed Marketing Strategy

TECHNICAL ANALYSIS Operational Details and Structure Machinery/Equipment Requirements, housing, drugs and feeding Raw materials and sources

MANPOWER REQUIREMENT, MANAGEMENT AND ORGANIZATION Management Personnel requirement Organization structure

INVESTMENT ANALYSIS Mathematical formula for catfish cost production in Nigeria Capital/initial Cost Pre-Operating Expenses

Cost production of 50,000 fingerlings Hatchery unit and expected returns (cost of feed, cost of fingerlings, survival rates and sale price of the catfish) in a year

Cost production of 50,000 Grow-out pond unit and expected returns (cost of feed, cost of fingerlings, survival rates and sale price of the catfish) in a year

Cost production of 50,000 smoked fish and expected returns (cost of smoking, weight after smoking, and price of smoked fish)

with the following guides SMOKE CATFISH USING THE CHOKER SMOKER OR COAL OVEN COMPLETE GUIDE TO INVESTING IN CATFISH FARMING IN NIGERIA

Hurry now, take advantage of this offer. To place an order, pay N10,000 to

GTBank (Guaranty Trust Bank) Account Name – Chudi-Oji Chukwuka Account No – 0044157183

After payment text your name, your e-mail address and bank teller number to 08060565721 and you’ll receive your FISH FARMING BUSINESS IN NIGERIA BUSINESS PLAN / FEASIBILITY STUDY .

The manual will be sent to your email address after your payment has been confirmed.(Soft copy only)

N10,000 GTBank Chudi-Oji Chukwuka 0044157183

After paying for your Fish Farming In Nigeria Feasibility/Business Plan and Manual , send your email and payment details to 08060565721.

60 thoughts on “Fish Farming Business Nigeria Feasibility Studies / Business Plan”

where can I get market for fingerlings and juveniles?

Please call 08060565721.

is the fish farming business plan for someone who wants to collect loan….

For loans / grants. Please call 08060565721.

Sir, i ran on your Aquaculture business plan on internet. pls, i have half plot of land some where in Ikorodu area of Lagos state, and fish farming has been my like but no money to accomplished it. so,i need you to help me with a business plan to present my bank. Thanks

Are u still in biz – can I make transfer?

Of course I am. Transfers are very much welcome. Please call 08060565721 if you have any more questions.

Guru is your busines plan updated based on the current environmental situation and how soon can I get the manuel after payment.

Yes the business plan is updated every two months so it captures current market trends. Please call 08060565721.

Kindly be of help to start up fish farm snail, grasscutter am in Akwa Ibom state. Eket and i have a land for it with water.

Hello, I am interested in the manual. Can I transfer the money?

You can transfer the funds. But you must send payment details after initiating the transfer.

hello please….i have been producing fingerlings but my problem is marketing….how can i get customer who can buy my fingerlings at once because i know there are buyers out there but how to get them is the problem….as a matter of fact i use to produced 30 to 40 thousand pieces…..please help me out….thanks/

Lawal why didnt u drop ur number.pple wud hav called u.i need fingerlings.i stay in gwagwalada abuja.where r u?

Good morning pls u want ask u about that hartchry

Pleas, I would like to know if your manual includes information about how to produce fingerlings?

pls if pay the manual money were will collect the book

It’s an e-copy. You’ll receive it in your email.

I really want to take the risk of entertaining your offer. It seems is the thing i needed to start up my business in the aquaculture.

Are you still in the market and can we still pay for the business plan to obtain a copy?

Of course i am.

Can i start fish farmin with ten thousand.( in a big rubber bugget with is equal to 300litres of water with 50-100 fish inside)? Will the fish grow up well? and will it be good?

LOL, please call me. 08060565721.

Please can you help me with a business plan?, Because i want to apply for YouWIN 4th edition pls. I really need someone to help me write it on Fish farming.

Ofcourse i can.

I was ask to write on business plan on fish farming

I am tempted to pay for this but ,you can’t be too careful nowadays in Nigeria.I can just go to pay for it and find my account cleared and no manual to boot!

Well, a trial will convince you. That’s all i can say.

where is ur office in Nigeria?

Ogba, Lagos.

Can you provide a consultancy services on small scale cat fish farming business to be located in ibadan , Oyo state and what is the cost?

does this manual contain a proposal /business plan

Yes it does. Please call 08060565721.

By the grace of God, I would love to Have my own copy of the manual. I hope you still Have the current one. Thanks from George.

Yes Mr George, its an updated copy that you will receive. Please call 08060565721.

i am intrested in fish farming business and i need more informations and guide

how long would a prospective buyer wait for the manual after payment?

20 minutes.

I love what you guys are doing. Please how long does it take to get the plan after payment has been made?

Is this manual still available

Very much available. Please call 08060565721.

it is encouraging keep it up

How soon can one get the bpok after payment

Within 20 mins after your payment has been verified. Please call 08060565721.

Great! i will send my request soon

Is the fish farming in nigeria manual still avaluable?

Of course its still available.

The concept of aqua culture is wonderful and I wish to participate in such a project.

Is really encouraging, keep it up. You will soon here from me.

I am interested in fish farming,i would like more information,perhap ,a telephone call to discusse this and my rep in nigeria will meet with you.Dennis Ukatu.

nice one but i have tried to call you without luck. how else can i reach you.

I’m so sorry, It must be network challenges. Please call 08060565721.

I am interested in writing a business plan for a catfish farm in Bayelsa state, Nigeria. I applied for a grant from YouWin/ NEPAD and i am expected to write a business plan for the last phase of the competition. I will love to start with 15000 juvenile catfish. I wil pay into your account the said amount as soon my name comes out for the final stage. Thanks

This is a good concept keep it up. I will patronize you. Lawson

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business plan for fish farming in nigeria pdf

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business plan for fish farming in nigeria pdf

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  1. Business Proposal For Fish Farm in Nigeria

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  2. fish-farming-business-plan-in-nigeria-pdf.pdf

    business plan for fish farming in nigeria pdf

  3. Business plan for catfish farming in nigeria

    business plan for fish farming in nigeria pdf

  4. Catfish Farming Business Plan In Nigeria / Feasibility Study by ogumka

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  5. Fish Farming Business Plan In Nigerian

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  6. 😂 Business plan for fish farming. How To Start Fish Farming In Nigeria

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  1. Profitable Farming Business 🐟 #shorts #fish #viralshorts

  2. fish farming, good source of side income

  3. Profitable big fish farming business by rural farmers

  4. one thing in fish farming is to have passion and be patient agriculture is 1 of the best

  5. Fish farming! Fish Farming Business

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COMMENTS

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    Business plan for fish farming in Nigeria You can't run a business without having a plan. A business plan is a necessary tool for creating a proper image of your future production. It helps to set goals and find ways to achieve them. You can create such a plan on your own or ask for expert's help. Write down a complete description of what ...

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  6. Fish Farming (Aquaculture)

    Fish farming manual and business plan PDF/Word CONTENTSINTRODUCTION Current Situation of aquaculture in NigeriaAquaculture Production in NigeriaAquaculture Policy Environment at National and State LevelsSuccess potentialSkills and abilities for successProduction feasibility

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    by Demi July 15, 2022 Post Views: 1,119 We have created a detailed fish farming business plan in Nigeria to start with your venture to get a financial loan from CBN, NIRSAL, BOI, other investors and future predictions. Executive Summary This business plan demonstrates how to start a fish farming business.

  8. (PDF) BUSINESS PLAN FOR NONYE'S CATFISH FARM

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    A BUSINESS PLAN ON FISH FARMING IN KASHERE COMMUNITY GOMBE STATE Valia Jacob Stephen Emmanuel Stevaron catfish business will be established to meet the fish demand in the community. It will be located in Tudun Wada, kashere, Akko local government Area of Gombe state.

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    Fish Farming Business Plan In Nigeria (PDF Full Details) August 15, 2023 Featured Fish Farming Business Plan In Nigeria (PDF Full Details) - This business plan demonstrates how a fish farming endeavor might be carried out in Nigeria. The strategy went into great detail on catfish and tilapia farming in Nigeria.

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