Business Plans

Catfish farming business plan in Nigeria

Agriculture is an essential  part of economic growth in Nigeria. Thousands of people are concerned in this industry. Due to agricultural development, there are extra workplaces and the country follows the trail of progress. Fish farming is considered as part of agriculture, fish farming is the most common form of aqua farming, and it is reasonably practiced across the nation. Fish farming recommended itself as a profitable industry. There is a great call for fishes like Catfish, Tilapia, Mackerel (Salmon). One extra excellent condition for this industry is enhanced by means of the federal government that makes this industry one of the most lucrative business practices.
Benefits of fish farming

Growing market

African fish marketplace is very large and consistent with the researches, it is constantly rising as a result of timely demands. Fishes are inexpensive than meat, and it is  of great benefit, it makes the product more standard among the larger part of the inhabitants.

 

Low cost of operation

When we’re talking concerning the farming industry, it kind of feels like it requires much capital to start up . In the case of fish farming, you don’t want an enormous sum of money to begin and maintain the industry. For instance, poultry business calls for a lot more cash to begin, and there are extra threatening vices than in terms of fish industry.

 

Support from the federal government

There is a large marketing campaign in Nigeria to inspire other people to make extra investments in agriculture, so at this time fish farming is a part of the maximum lucrative industry to engage in.

 

Source of protein                                                                           Fishes  are very good source of protein and likewise good for the health. Fishes are food of very good nutritional value, providing prime quality protein and all kinds of nutrients and minerals, together with vitamin A and D, phosphorus, magnesium, selenium, and iodine in marine fish. Its protein – like that of meat – is well digestible and favourably complements dietary protein supplied via cereals and legumes which are  typically consumed in lots of developing counties in the world.

Catfish in focus
Catfish Farming is the most well liked type of fish farming business in Nigeria. Catfish is known for its importance in many Nigerian dishes. The excessive demand and ease of cultivation put this fish breed on the number 1 spot in the marketplace.
Main issues of fish farming
The main factors in the opting for of the positioning are:
  • Security in the vicinity
  • Proximity to the nearest the town
  • The presence or absence of fish prey.

All the fishes want a dry and cool space, safe from any pest. This is one the basic wisdom of operating a fish farm. Actually, that is crucial level, because, without wisdom, nothing will work properly. This form of business requires particular knowledge about aquaculture and fish farming. You can take a look at my materials on how you can successfully run yours.

 

Catfish farming business plan steps

 Step 1: Setup a 10 X 10 fts layout fish pond with a depth of about 4ft to 6ft, for this purpose you need around $500 to $750 which is about N100,000 to N150,000 . Such a pond can contain about 1,000 grown fishes. It is also imaginable to use concrete pond, drum pond or plastic tank.

Step 2: Important point is to disinfect your pond with anti-bacterial and anti-fungi.

Step 3: Choose and purchase juveniles and fingerlings for your fish pond. The value of fine fingerlings is around 20 Naira every, juveniles cost around 40 Naira each.

Step 4: Remember that it’s important to feed the fishes a couple of times a day. Proper feeding periods can give a contribution to the fishes gaining weight temporarily. It is vital to review all of the main points of feeding really well as a result of this item is one of the most vital on this trade.

Step 5: find the fish to create higher condition for life and gloving. find the fish in line with the dimensions to make sure it competes for equal food provisions and space.

Step 6: Be able to change the water frequently, this may cut back the extent of diseases rate and reinforce the living condition of fish. Change the water every 2 or 3 days.

Step 7: Always study the market, perceive the wishes of buyers. Contact potential patrons and to find out their requests and needs. Discuss the main points of your fishery products about 2 months prior to the deal.