How To Start Profitable Fish Farming In Nigeria

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How To Start Profitable Fish Farming In Nigeria

On the internet, there is much information on how to start a fish farm in Nigeria. Although a few are detailed enough to really assist the aspiring fish farmer to get started. This ARTICLE makes a detailed and possible explanation of all the steps and information required to get a successful fish farm started.

There is no doubt that Agric Business is the way forward in Nigeria. While we plunge into the Economic mess, the stomach will always ask for FOOD. Fish is about the cheapest source of Protein out here. The Rivers and streams are no longer enough to sustain our fish consumption.

Commercial fish farming simply has to step in and make it easier for everyone to have fish.

So, are you looking forward to starting a fish farm business? As an existing FARMER, you can also expand too.

If fish farming is a yes to you, then understand that the CATFISH is the most sought after fish species. As a bonus, it also can be done side by side with your Poultry Farm Business.

Benefits of Fish Farming

1. Fish is Popular

Being the most popular animal product in Nigeria, the fish is simply the king at the Dinner table.

2. Fish is Source of Protein

A simple source of protein, with low fat, fish is filled with Omega-3 fatty acids and vitamins D and B2. Other minerals include iron, zinc, iodine, potassium, and magnesium.

3. Fish Sells Quick

Fish sells faster than other animal products in the Market plus that it’s cheap.

4. Fish Matures Quickly

Certain feeds ensure that your fish always matures quickly. Breeding, Harvest, and sell is simply going to happen like ABC.

5. Fish Farming is Profitable

With N3 million Naira Investment in the fish, the farming game can yield N4 million naira in 6 months. Also, fish does not constitute any environmental damages.

Risks and Challenges Associated With Fish Farming

1. Sensitive to Manage

Fish farming is a very sensitive business. It requires that one with experience takes it. Seek professional advice too.

2. Capital Intensive

A fish farm is capital intensive no matter the size. Careful planning and serious capital input are needed to keep the investment floating.

3. Fish is Priced High

Fishes rared commercially are priced high because of the cost of production. So, if you have a local fish sources around you, you might find it hard to sell your products.

4. No Byproduct

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.

 

Types Of Fish You Can Farm

 

1. Cat Fish

Even though Catfish is not the most popular fish in Nigeria, this fish species is by far the most cultivated in Nigeria. One thing good about catfish is that it is one of the easiest fish species to cultivate. So, people naturally flow to the direction of fish specie they found to be the easiest to cultivate.

2. Tilapia

Second most popular fish in Nigeria’s aquaculture industry, Tilapia is a fish species that lives in fresh shallow water. Tilapia is very easy to cultivate and very popular in Nigerian market, it reproduces very rapidly and grows fast too.

What You Need To Get Started In Fish Farming

1. Secure a Land

Any location is good since fish doesn’t cause any environmental disturbance. Look for land where you can get it cheap and buy. Depending on the capacity you wants to operate on, half plot of land is just good enough for average fish farm.

However, you may go for something bigger like full plot or two if you can afford it probably for convenience sake. If you already have a compound with leftover space you thing can accommodate two or three ponds, you may use it.

2. Construct Ponds

You need to engage the service of expert pond construction engineer or you go to another fish farm to get the specification and construction requirements. The plumbing work must be properly done to ensure proper drainage.

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