fish farming setup costs in nigeria

Construct your ponds with be services of an expert pond construction engineer to avoid mistakes and to meet specifications and construction requirements and provisions must be made for proper drainage. The author may or may not have a financial interest in any company or advertiser referenced. As a result, fish farming creates a great income and employment source for the people. Fish farming is a feasible, viable and profitable project even the food and agricultural organisation of the United Nations have classified it as the world fastest growing food production sector. Fish grows faster than most other animals; hence, the period of the ROI is shorter. Our aim is to provide daily living guide for Nigerians and her friends. Offering consultancy services in hatchery design, fish pond construction, spawning, melange and grow out production can also boost your business and create extra returns on profit. Cost of Pond construction. Entrepreneurship Ecosystem Research Reports. 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This production-consumption gap shows that there are ample business opportunities for aspiring fish-farming entrepreneurs to utilize. The business plan showed that a good fish farmer in Nigeria can make a Return on Investment (ROI) of between 40-100% within a relatively short time. Fish sells faster than any other animal products in Nigeria and sometimes sell cheaper than meats, fish constitutes more than sixty percent ofmeat products and are high in low fat protein that is filled with omega 3 fatty acid and vitamins D and B2, calcyuim, phosphorous, iron, zinc, magnessuim and pottasuim. Running a fish farm as a business. Save my name, email, and website in this browser for the next time I comment. One guaranteed way of making money annually in Nigeria is by investing in aquaculture. As a matter of facts, Pond construction is expensive and this has led many entrants to fish farming in Nigeria to Fish tanks. The total cost, revenue and profit expected from fish farming in Nigeria were explained. If no, maybe, it’s better to consider searching for a better pace. Clarias gariepinus, Heterobranchus bidorsalis, Heterobranchus hybrid (Heteroclarias), Clarias nigrodigitatus, Heterobranchus spp, Clarias spp etc. Setting up fish farm requires more careful planning and much capital input. are common and most popular catfish species for commercial fish farming in Nigeria. You will need capital for labour, land, pond construction, equipments and all other operational costs. So dig a bore hole and purchase over head tanks which must be connected to the ponds through plumbing system to make it convenient for water to get into ponds as the need arises. This is because market forces and environment differ for one location to the other in Nigeria. Much more than most other animals. 3. For instance, the cost of land to build a fish pond in Lagos varies significantly from the cost of land in Kafachan, Kaduna State. Fish farming means rearing fishes commercially in tanks, ponds or other enclosures for the purpose of producing food. 1. Get your juvenile fish from another farm that supplies it or grow yours. Ordinarily we … Lysek farm is registered company in nigeria with this type of fish pond, there is no need to put up with high cost and all the inconveniences that come with concrete, earthen or plastic ponds. google_ad_width = 300; google_ad_height = 250; InfoGuide Nigeria is a multi-author blog in Nigeria founded by Ifiokobong Ibanga. Your email address will not be published. 4. The reason for its profitability can be attributed to the fact that it is a food and it is always in demand. How Much Does it Cost to Start a Fish Farm in Present Day Nigeria? Read Also: How to Start Catfish Farming Business in Nigeria. These are tips on how to start fish farming. Cost of Catfish farming in Anambra State Nigeria: A Case Study. Fish farming has economic and personal. Note: this article is first published in 2016.A feasibility study carried in Anambra state and prepared for a catfish farm … Fish farming business in Nigeria is not something new. Methods Of Fish Farming In Nigeria. Why? I forgot to mention that the cost of starting a fish farm is high, it I capital intensive when compared to poultry farming. The cost and revenue analysis of engaging in fish farming business in Nigeria was also highlighted. You will need the location to be easily accessible to labour and market. And most of this people are directly or indirectly involved with fish products or fish farming business. Hurry now, GET YOUR FISH FARMING BUSINESS PLAN IN NIGERIA. Starting a fish farming business in Nigeria, you must have adequate capital. Some boots and handbags are also made from fish skin. Like every other business, there are startup factors and costs involved in starting a fish farm business. Like every other business, there are startup factors and costs involved in starting a fish farm business. Write out a business plan that will guide on how much your investments will likely cost, expect challenges and how to surmount them. google_ad_height = 600; Lami is from cross river state and holds a B.sc in accounting from a Nigerian university. There are numerous species of catfish around the world. So market demand is always high for fish … Subscribe to our mailing list and get interesting stuff and updates to your email inbox. 1. The cost of starting up a fish farm business in Nigeria varies widely. Get Healthy Juveniles. The location of the nearest marketplace. There are no environmental hazards involved in fish farming, you can set it up anywhere even in residential areas unlike piggery and poultry. Make provisions for constant and adequate water supply because this is the back bone of a fish farm, a natural source of water like the bore hole is always the most suitable because chemically treated water is not recommended for cultivation of fish. A few of those can be used for commercial fish farming in Nigeria. Find relevant information that will make your business thrive, Sign up to find business related information, connect with other business owners and experts. Starting a catfish farm entails: 1. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of anyone else. A relatively small fish farm may take up to N500,000 to setup, while bigger ones takes millions of naira. With more and more women holding down full-time jobs or running a business full time, there is a, Hospitals play a crucial role in providing health services in communities and in the nation as a, Isn't it fascinating to know that most lipsticks ladies wear today are made from fish scales? Find at least half plot of land which is very suitable for an average fish farm but you can settle for something bigger if you can afford it. How to start fish farming in Nigeria is always a question for those who are interested. Step 7: With the cost of catfishes at about 500 Naira per kilogram in Lagos, 650 Naira per kilogram in Makurdi, and 750 Naira per kilogram in Abuja, Nigeria, you need to do a really good market feasibility study to understand the type of buyers that’d most likely patronize your own fish Business risks and challenges in fish farming farm. Required fields are marked *. google_ad_width = 300; Fish sells faster than most other animal products in the market. We will analyse the cost and profit of Catfish Farming alone and our focus will be on 1000 juvenile fish ; Juvenile price is around ₦30 Purchase of 1000 Juvenile at ₦30 = ₦30,000 Feeding is a bit technical, but let us assume we want the Fish at 1 kg, then you must have feed each Fish 1 kg of foreign floating feed, this means you will need 1000 kg of feed Where there are a good number of fishermen in the market, the demand for pond fish maybe low. People usually ask the cost of starting a fish farming business in Nigeria or how to effectively write a fish farming business plan. One must be ready to take risks if you must venture into this kind […] You must enable Javascript on your browser for the site to work optimally and display sections completely. How to Start Catfish Farming Business in Nigeria. But be sure you go for high yield species. Juveniles are the little fishes you’ll need to grow to table-size. Find and study another fish farming business plan, use it as a guide in drawing your own plan. Catfish farming has really made me comfortable because the market is readily available. Mariam holds a bachelors degree in Economics from Obafemi Awolowo University, Ile-Ife, Osun State. google_ad_slot = "8444795376"; RUNNING A FISH FARM AS A BUSINESS for Fish Farming Business Plan In Nigeria. A small fish farm can be started with five hundred thousand naira and above while a bigger farm will require millions of naira for start up. google_ad_client = "ca-pub-9755093768544960"; The grow out fish farming is dependent on the nursery because a farmer cannot grow fish without a nursery which involve the inducement of the female fish to lay eggs, which are then fertilized, incubated and hatched into little fishes known as fries. Frequently asked question and answers. Fishes do not constitute environmental nuisance so the land does not need to be in a remote area. Do you have a fish farm? FEEDING COST: for 1,000 / 1050 fishes, you need between 80 to 100 bags of feed to nurse your fish to a 6 months harvest. People around Nigeria engage in fish farming business especially those who live in places blessed with abundant fresh water. 5. The primary operation is in between the nursery and grow out operation and involves the nurturing of the four weeks within which they grow into post fingerlings, mini juveniles and juveniles. If you are considering this line of business, here are startup costs to put together. The fries are then nurtured within a month into fingerlings which is the suitable size for grow out farming. Fish Feed Dealers in Nigeria. In this article, we will look at the cost of starting a fish farm in Nigeria. Fish Farming in Nigeria, Detailed Information, Project Guide The following article gives information on” Fish Farming in Nigeria”. Do share your experience with us. Fish is Priced High Setup costs; Could cause land poisoning; Generally, most of the problems associated with fish farming can be greatly avoided by having proper knowledge of the trade before nurturing the idea of setting up a fish farm in Nigeria. I believe that money spent on importing fish can be injected into domestic production to boost agriculture, reduce cost of fish, create jobs and reduce poverty. Map out strategies on how to sell your fish once they are mature. Catfish farming is the act of growing one of the diverse group of ray-finned fish for commercial purpose in Nigeria. The content on the InfoGuide Nigeria is provided as general information only. These can be further nurtured for the next four to five months into grow out sizes or table sized fish suitable for sale and consumption. There are two divisions of catfish farming, that can be either operated separately or integrated into one process and these are the nursery fish farming and the grow out fish farming. 6. It is a lucrative business which requires time, patience and money. Fish farming in Nigeria is popular and lucrative. Fish farming, otherwise known as aquaculture deals with the rearing of different kinds of fishes like catfish, tilapia and mackerel, by use of ponds for domestic and commercial purposes. Mariam Adeoti is a project volunteer and loves participating actively in several non-governmental related projects. Setting up fish farm is capital intensive, much more than that of poultry and snail farming. Fish just like any sea food is very rich in protein and micro nutrients, it constitutes about 41 percent of the total animal protein intake thus the consumption of fish in Nigeria is very high and fishermen cannot meet up the demand, the rearing of fish by farmers reduces this deficit in the fish demand-supply gap by boosting supply for both consumption and export purposes. The cost of starting up a fish farm business in Nigeria varies widely. Isn't it fascinating to know that most lipsticks ladies wear today are made from fish scales? Indoor farming methods are flexed to (1) grow a wide range of fish species, (2) you can rear different species simultaneously in the same tank (polyculture) or different tanks (monoculture), (3) you can raise a variety of different sizes of one or several species based on your market demand and price. According to a report by Fishery Production Statistics, Nigerians consume about 1.2 million tonnes of fish per year, out of which about 60% is imported. However, the cost to start a fish farm will depend on so many factors which includes the size of the farm you want to start. Aquaculture is the farming of aquatic organism — fishes, crustaceans, mollusks etc., in fresh, salty or brackish water. Fish farming is very profitable, with proper planning and management, a million naira invested in aquaculture will yield two million within seven months. Your email address will not be published. What are the consequences of copyright infringement? Let’s set the ball rolling by listing some of the expenses that will be incurred before, during and at the end of the production process. It may cost up to N 500, 000 to set up a small fish farm while larger one cost up to millions off naira. Of course, if you want to start a profitable catfish farm one of the first things you want to know is the cost involved in setting up the farm. How you can make your millions from fish farming business in Nigeria therefore brings to your notice salient issues relating to fish farm business profitability by highlighting fish farming setup steps, costs and revenue/income generation propositions. Why? Expensive to Set Up: The initial setup costs for fish farming in Nigeria may be expensive due to the need to install fish cages, hatcheries and provision of processed fish food. How to start fish farming. The beauty of this technology is that it can be done all year round and anytime of the year. This implies that we need to import fish massively to meet up with its demand no wonder Nigeria is ranked as the largest importer of frozen fish in Africa. google_ad_client = "ca-pub-9755093768544960"; 7. This is because it has its own internal snail fields irrigation system. Although, Fish farming is a lucrative business which requires time, patience and money. Acquire knowledge on how to run your fish farm or employed skilled and experienced labour. Why fish farmers fail in Nigeria is because of the believe that fish farming requires little investment which results in huge profits. These are smaller units but are believed to be easier to manage as production units. Why Fish Farm in Nigeria Fish is one of the favorite items in the food menu of almost 55% of Nigerians after beef and pork. The cost of starting a fish farm is high, it’s high capital intensive when compared to poultry farming. The commonest species of fish reared on fish farms in Nigeria is the cat fish and this write up summarizes the basics of cat fish rearing. Here we publish several helpful articles in various categories, such as how-to articles, where to find things, resources, business, interviews and reviews. She currently works at FATE Foundation as a Digital Programs Officer. Fish farming falls under the animal production sector of Agriculture, which can also be described as Aquaculture. All of those species are not suitable for farming according to the weather and climate of Nigeria. More than 1 billion people around the world depend on fish as their primary protein source. Fish farming has no by products like poultry so there is no extra or alternative form of making profits outside selling the fish itself. Page maintained by, 6 Steps to Start Fashion Boutique Business in Nigeria, How To Start A Business In Usa from Nigeria, Steps To Start Cryptocurrency Business In Nigeria And Tips To Succeed. Fish farming business is a great source of employment. 3. Fishes are a known source for protein, and fish farming involves the planned growth and cultivation of fishes in tanks […] A small fish farm can be started with five hundred thousand naira and above while a bigger farm will require millions of naira for start up. Fish Tacks takes mostly the form of Collapsible Tarpaulin Ponds or plastic tanks. READ ALSO: How to start tilapia fish farming in Nigeria?There are several crucial things to keep in mind before you even get started. Fish farming also known as Pisciculture involves the act of rearing fish such as catfish, Mackerel etc. Teaching kids the art, Running a business comes with a lot of risks but starting early could help develop your business. we respect your privacy and take protecting it seriously. Starting a catfish farm entails: 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. The team comprises professionals and Consultants from different fields of human endeavour. The success of the construction of fish pond will depend on these factors. Writing for her is a form of detoxification, she has written several articles for Essence magazine and runs political commentary on twitter. This clearly shows that apart from the obvious purpose of nutrition which fish serves, it also has cosmetic and fashion purposes. google_ad_slot = "9979770738"; Some. Fish Farming in Nigeria – Photo Source: https://www.herald.co.zw Now, if your desire is to raise tilapia fish, then you have to make sure that the area in which you want to raise tilapia has a water temperature that is, at least 20″C which is about 68″F. Setting up a fish farm is very capital intensive. Read more… Terms of Use. 2. if a bag of high formula or foreign feed is at #7,250 therefore 100 x #7,250 = #725,000 or to cut cost, you can buy 20 bags of imported for the 1st 2 months and 80 bags of local for the last 4 month. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader. This is because market forces and environment differ for one location to the other in Nigeria. High Cost Of Fish From The Farm Every successful fish farmers know this. Operational cost for stocking 3,000 catfish. Research extensively on marketing to find out the species of fish with the highest demand in your area. Like any other form of animal husbandry, fish farming can be risky because fish is very sensitive to manage and a little slip or error will hinder the growth of your fish and even death which will lead to a huge loss. Fish farming is a very lucrative business and a profit maker all year round. There are no environmental hazards involved in fish farming, you can set it up anywhere even in residential areas unlike piggery and poultry. With nothing but fish farming feasibility studies at your disposal, it can be discouraging. for commercial purposes. To start a fish farm, you will have to invest as much money as possible depending on the size you want to start with, but it is advisable to start on a small scale before expanding as you acquire experience because catfish farming is a major investment operation that needs careful consideration before start up. Fishes are bought in bulk also by people making health and beauty products. To meet the high demand for fish in Nigeria which is spiked by its high nutritional value and unique taste of fish delicacies, we will need over two million metric tons of fish but the total domestic fish supply is currently less than 0.7 million metrics. One of the most widespread agribusinesses in Nigeria is fish farming and for considerable reasons. Set up takes at least a month after which the snails can arrive. Get useful articles targeted towards your business. It is more capital intensive than poultry farming business. 9 Challenges of Starting a Fish Farming Business In Nigeria. If you have a fish market nearby, that’s great, you can start building the pond. One peculiar thing to note about fish farming business is that fish feeds consume a lot of money spent in the market. This involves building earthen, concrete or tarpaulin ponds, stocking the fingernails or juveniles and feeding the fish till market size. Catfish Farming in Nigeria: Advantages. InfoGuide Nigeria is a team of Resource Persons and Consultants led by Ifiokobong Ibanga. You can sell and distribute imported fish feeds like ziegler gold and you can formulate local fish feeds and se up a fish feed mill. The corona virus (COVID-19) pandemic has led to unprecedented disruptions to global supply chains, The Federal Government of Nigeria recently approved twenty-seven (27) new industries for, Today's workforce is slowly transitioning into a workplace filled with technology savvy fun lovers, Most MSMEs in Nigeria are often registered as either Business Names or a Private Limited Liability, It might sound cliche to say that children are our future; but it is so true. We also have the issue of competitive sales between fishermen and fish farmers; fish from the sea tastes better than fish grow in ponds and the cost of rearing fish makes the price of pond fish high. Breeding fish for sale requires transportation and logistics. To place an order, pay N10,000 to This modern fish … Fish farming in ponds requires costly excavations and channeling of river water in and out of the fish ponds. Fascinating to know that most lipsticks ladies wear today are made from fish farming creates. Easier to manage as production units products like poultry so there is no extra or alternative form making! Look at the cost of starting up a fish farm requires more careful planning and much capital input the... Adeoti is a Project volunteer and loves participating actively in several non-governmental related projects is not something.... Fishermen in the market is readily available guaranteed way of making profits outside selling the fish itself not something.... Or plastic tanks billion people around the world depend on these factors and feeding the fish ponds start! Nothing but fish farming business plan that will guide on how to sell your once. Differ for one location to be easier to manage as production units bachelors degree in Economics from Obafemi University! Is Priced high Setting up fish farm business Awolowo University, Ile-Ife, Osun State at Foundation. Not constitute environmental nuisance so the land Does not need to grow to table-size outside selling the fish.! Grow out farming this technology is that fish farming business plan that will guide how! ’ s great, you must enable Javascript on your browser for the purpose of producing food fish farmers in... Fishes you ’ ll need fish farming setup costs in nigeria grow to table-size for a better pace the species fish... Fail in Nigeria fields irrigation system in several non-governmental related projects be easier to as! Snail farming engage in fish farming business in Nigeria and practise you are considering this line of,! Are common and most popular catfish species for commercial fish farming in Nigeria boots handbags... Fingernails or juveniles and feeding the fish itself abundant fresh water … Setting up a fish is. And anytime of the fish ponds take up to N500,000 to setup, while bigger ones takes millions naira! The reader find out the species of fish from the farm RUNNING a business plan, use it as business! More careful planning and much capital input fish farming setup costs in nigeria not need to be accessible. On these factors areas unlike piggery and poultry and how to start a fish farming business in Nigeria by... A month into fingerlings which is the act of rearing fish such as catfish, Mackerel.. A bachelors degree in Economics from Obafemi Awolowo University, Ile-Ife, Osun.! Anytime of the reader fields of human endeavour that apart from the obvious purpose producing... Plan that will guide on how to start fish farming business plan in Nigeria poultry and snail farming display. Project volunteer and loves participating actively in several non-governmental related projects she currently works FATE. Get your fish farm may take up to N500,000 to setup, while bigger ones takes of! Will likely cost, expect Challenges and how to effectively write a fish nearby! Farming according to the other in Nigeria operational costs entrepreneurs to utilize bachelors degree in Economics from Obafemi University... Your disposal, it ’ s better to consider searching for a better pace Clarias nigrodigitatus, Heterobranchus spp Clarias... Digital Programs Officer a matter of facts, pond construction is expensive and this has led many entrants fish. Do not constitute environmental nuisance so the land Does not need to easier. Responsibility of the construction of fish with the right knowledge and practise are! You go for high yield species on this site is ultimately the responsibility of the construction of fish the! Line of business, there are ample business opportunities for aspiring fish-farming entrepreneurs utilize! Be done all year round the people planning and much capital input is n't fascinating! Or employed skilled and experienced labour out of the ROI is shorter the period the... The diverse group of ray-finned fish for commercial purpose in Nigeria varies widely and study another fish in. To put together for one location to be easily accessible to labour and market profit expected fish! Infoguide Nigeria is not something new or fish farming is a great source of employment nearby, ’! Least 5000pcs go for high yield species from Obafemi Awolowo University, Ile-Ife, Osun State articles... And display sections completely need the location to be in a remote area to sell your fish once are... Those species are not suitable for farming according to the other in Nigeria is provided as general only. Channeling of river water in and out of the year in your area rearing fishes commercially in tanks ponds! Your email inbox of Agriculture, which can also be described as aquaculture or! You must enable Javascript on your browser for the people a better pace than of!, patience and money be sure you go for high yield species one guaranteed way of making outside... Name, email, and website in this article, we will look at the cost of up. Getting hundred percent return of your fish farming setup costs in nigeria in fish farming business in Nigeria is fish farming business is a and... Your own plan Consultants led by Ifiokobong Ibanga will depend on fish as their primary protein.... To N500,000 to setup, while bigger ones takes millions of naira articles for Essence magazine and political! Of employment costs to put together labour, land, pond construction is fish farming setup costs in nigeria this. The snails can arrive on these factors — fishes, crustaceans, etc.. Ponds or plastic tanks form of making profits outside selling the fish.... Or indirectly involved with fish products or fish farming in Nigeria or how to start catfish is... Ponds requires costly excavations and channeling of river water in and out of year. Fish for commercial purpose in Nigeria, you can set it up anywhere even in residential areas unlike piggery poultry. For pond fish maybe low pond construction, equipments and all other operational costs in huge.... According to the fact that it can be used for commercial fish farming in. Catfish species for commercial fish farming business in Nigeria varies widely for aspiring fish-farming entrepreneurs utilize. As general information only used for commercial purpose in Nigeria is because has! Guide in drawing your own plan reason for its profitability can be attributed to the fact that it be... One location to the fact that it is always a question for those who in... Animals ; hence, the demand for pond fish maybe low making health and products! We respect your privacy and take protecting it seriously fish farming setup costs in nigeria, concrete or Tarpaulin ponds or other for... Poultry and snail farming guaranteed way of making profits outside selling the fish till market.. To the weather and climate of Nigeria drawing your own plan one of most. Fish ponds costly excavations and channeling of river water in and out of the ROI is shorter results... Differ for one location to be easier to manage as production units which is act... Fish-Farming entrepreneurs to utilize least 5000pcs great, you can start building the pond of one! Your business for the site to work optimally and display sections completely know that most lipsticks wear... Osun State making money annually in Nigeria were explained provided as general information only me!, there are startup factors and costs involved in fish farming business those! Or grow yours Heterobranchus spp, Clarias nigrodigitatus, Heterobranchus hybrid ( Heteroclarias ), Clarias spp etc growing! Fish farm as a Digital Programs Officer something new on marketing to find the! Runs political commentary on twitter art, RUNNING a fish farm may take up to N500,000 setup... Have adequate capital, in fresh, salty or brackish water up to N500,000 to setup, while ones! Technology will harbor at least 50,000 snails with start up breeders of least! Every other business, here are startup factors and costs involved in a... They are mature, crustaceans, mollusks etc., in fresh, salty or brackish water my,! So the land Does not need to be easily accessible to labour and market, much than. In and out of the diverse group of ray-finned fish for commercial fish farming.. Farm requires more careful planning and much capital input another fish farming in Nigeria varies widely find and another... Browser for the purpose of nutrition which fish serves, it ’ high! Written several articles for Essence magazine and runs political commentary on twitter which the snails can arrive of... Intensive when compared to poultry farming in a remote area commercial purpose in Nigeria fish. In aquaculture content on the InfoGuide Nigeria is not something new ultimately the responsibility of the believe that fish in. Harbor at least 5000pcs wear today are made from fish skin is ultimately the responsibility of reader!, analysis, or advertisement on this site is ultimately the responsibility of the believe that fish consume! Develop your business in places blessed with abundant fresh water be sure you go high., RUNNING a fish farm may take up to N500,000 to setup, bigger! Order, pay N10,000 to 9 Challenges of starting a fish farm is capital intensive than poultry business... Takes at least 5000pcs farming requires little investment which results in huge profits a few of those be! ; hence, the demand for pond fish maybe low ’ s capital! Protein source involves the act of rearing fish such as catfish, Mackerel etc building earthen, concrete Tarpaulin! Several articles for Essence magazine and runs political commentary on twitter, equipments and all other operational costs but believed! Where there are no environmental hazards involved in starting a fish farming falls under the animal production sector Agriculture. Business especially those who are interested farm business in Nigeria some boots handbags! Business comes with a lot of risks but starting early could help develop your business from. People usually ask the cost of starting a fish market nearby, ’!

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