With a commercial fish pond, you can grow fish and then sell them for a profit. This business can be lucrative if done correctly, 1. Create a business plan for your fish pond. You could potentially make money in a few different ways from this type of business venture.
Do you need a sample catfish farming business plan template? Then below is an in-depth guide for starting a catfish farming business in Nigeria or anywhere else. There is so much money to be made in aquaculture Tilapia fish farming, catfish farming, shrimp, prawn and lobster breeding ; if done right.
There are so many businesses you can invest in and still make huge profits!
Catfish farming is a lucrative form of fish farming business. I have seen several unemployed folks make it through this business; you too can also be successful if you understand the real keys to success.
Fish is one of the cheap sources of protein and a good substitute for meat. In fact, no meal is consumed in Nigeria without fish or meat. Secondly, fish is a source of white meat and is recommended by health practitioners over red meat. The population of Nigeria is about million and this population is estimated to overtake that of the United states by year Now what does this mean for catfish farmers?
The truth behind this statistics is that there is a ready market for fish and the demand for fish cannot be met by local producers alone.
There are a lot of recreation centers in Nigeria especially restaurants, fast food outlets and bars; and fish Point and Kill or Fish barbeque is one of the favorite food on the menus of these hangouts. You can even make money by focusing on being a regular catfish supplier for these restaurants and bar.
The operating cost for catfish farming feed and maintenance is very low especially when compared to poultry farming.
In the month of Decemberthe federal government of Nigeria implemented and enforced a law banning the importation of frozen fish. This move was made to encourage the local production of fish. Now the truth is that the demand for fish cannot be met by local producers alone, so there is presently a market gap waiting to be filled by smart entrepreneurs who can be bold enough to venture into fish farming.
There is a massive support and established credit line put in place by the federal and state governments for farmers both crop and livestock farmers. Also, there is a fund set aside every year by the Central Bank of Nigeria and other commercial banks in Nigeria to encourage and support farmers.
The Right Mindset The first and probably the most important key to starting a successful catfish farm is the right mindset.
Before embarking on this business venture, you must bear in mind that success in the agricultural sector, especially livestock breed is not instantaneous.Do you need a sample catfish farming business plan template? Then below is an in-depth guide for starting a catfish farming business in Nigeria or anywhere else.
There is so much money to be made in aquaculture (Tilapia fish farming, catfish farming, shrimp, prawn and lobster breeding); if done right.
Success in a fish hatchery | fish ponds business plan | only fools doubt proof How to produce fish feed - You can see the techniques involved here Learn how to formulate a floating local fish feed - .
OUR FISH FARMING BUSINESS PLAN Agriculture is very key to the economic development of the people and also very important for poverty alleviation and human survival. The catfish business is very lucrative and underexploited business in Nigeria, investment in this kind of business /5(37).
How To Start A Profitable Fish Farming Business In Nigeria. What are your thoughts on this aquaculture fish farming business plan? Let me know by leaving a comment below. I have an interview to be attended this week of which the business plan on this fish pond/farm was asked to present.
Based on that I want to ask if the business plan. Starting a business in Nigeria, whether small or medium sized, requires in depth planning and strategies. To run a successful small-scale fish business, the business person needs to design a.
6" processing!and!preservation,!business!plan!development,!businessrecordkeeping and!sustainable!fish!pond!managementpractices.!!Atleast!vulnerable!women!trained.