An economic recession and other vices can fluctuate the prices of these fingerlings. The profit is N4. Nigerians love fish and no wonder given how much access they have to places where fish grows. Problems of fish farming in Nigeria Even though the market is quite promising and business people have all the chances to make the profit out of it, there are still several problems which one should take into account when thinking of starting a business in this area.
The mechanism of pumping of water must be backed up. As your fishes grow, you need to constantly sort them to avoid larger fishes feeding on the smaller ones. Besides, the governments do not give farmers a chance. High level of competition The big market dictates its rules, it is important to be able to handle competition in this business.
The challenges of fish farming Poor Farm Site Bad fish farm location can affect the full potential of farm growing. Unlike poultry farming, you can setup fish farm anywhere, including residential areas.
Make sure the drainage are properly design for easy draining of dirty water from the ponda qualified plumber should be paid to do the plumbing work. This is best done by putting fishes of the same size inside a pond together to reduce their cannibalistic instincts.
The thing is that it is a growing niche, but not the major one in the state, and since there are markets which bring higher revenues, the authorities tend to give loans to them instead of the fish farmers.
Such a pond can hold about 1, grown fishes. If this is managed and done right, the fishes can achieve this size in four to six months. You need to get it right by drawing complete business plan and following it to the later.
It will firm up the naira, improve the GDP, reduce inflation and create more jobs for Nigerians. The way the meals are fed to catfishes have to be carefully executed because two months old fishes can finish a 15kg feed bag in just 10 days!
Fishery products are cheaper than meat, and this is a great advantage, it makes the product more popular among the larger part of the population. Dig a Borehole Water is another essential periquisite for fish farming. This is a freshwater fish that is known for migration in the ocean.
Step 4 Remember that it is necessary to feed the fishes once or twice a day. It is also possible to use concrete pond, drum pond or plastic tank. The most popular species are Salmon and Catfish. Fish You can buy juvenile fishes on another farm. Aquafarming considers as a part of agriculture, fish farming is the most common type of aquafarming, and it is quite popular in Nigeria.
Here are details of catfish farming 1. For example, poultry products business requires much more money to start, and there are more threatening vices than in the case of fish business.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. This detailed report explains how to start a profitable fish farming in Nigeria.
you are sure to make good profit from your fish farming business in Nigeria, Kenya, Ghana, South Africa or where else you choose t set it up. Related Posts. Do you write a business plan on fish farming? I will be glad if you do. Reply. Adah Jacobs December.
Fish farming in Nigeria: How to start business? Problems of fish farming in Nigeria Even though the market is quite promising and business people have all the chances to make the profit out of it, there are still several problems which one should take into account when thinking of starting a business in this area.
Let's tell you about ★ fish farming in Nigeria ★ Here is all you need to know about the business plan, types and challenges of the market. It is not so hard to start, so be ready to find out details and features. Cat Fish farming Business Plan/Feasibility Study In Nigeria PDF.
THIS BUSINESS PLAN IS REGULARLY UPDATED AND CAN ALSO BE USED FOR BANK LOANS, GRANTS, PROPOSAL FOR COMPETITIONS ETC.
Fish farming Business Plan In Nigeria. FISH FARMING BUSINESS PLAN IN NIGERIA.
CONTENTS INTRODUCTION Current Situation of aquaculture in Nigeria. If you’ll like our experienced fish farmers to reveal to you the CURRENT market situation of the fish farming industry in Nigeria, by writing a fish farming business plan PDF for you, you can call us on (+).Download