However, with adequate knowledge of the business, you will overcome them. Without feeding them well, you are likely not to make many profits. The period … Fish farming is not always as easy as it seems. This form of catfish commands a higher price in the market but you’ll have to spend money either hiring someone to smoke them for you or buying the smoking equipment and doing it yourself.Most of the structure you put in place for catfish farming are fixed … Nigeria requires about 2.66 million metric tons of fish annually to satisfy the Catfish sells very fast because it is cheaper than meat, so there is a high demand on it. Simply order yours by paying N10,000 to. Catfish is the commonest type of fish used in aquaculture in Nigeria. Request PDF | On Aug 31, 2020, Ahmed Gomna and others published Profitability Analysis of Fish Farming in Niger State, Nigeria | Find, read and cite all the research you need on ResearchGate Catfish Farming in Nigeria. INTRODUCTION Fish constitutes about 41% of the total animal protein intake by the average Nigerian hence there is great demand for fish in the country. Nigeria, for instance, has gotten extensive marine fisheries that are being exploited by commercial fleets. Cages are also used for farming catfish in Nigeria. This agrees with the work of Adewuyi et al. That explains why it is always the top demand at events in big hotels, Catfish farm is easy to setup. You can boost your profitability in catfish farming by smoking them and selling them to individuals or supermarkets. Within 6 months of starting it, your fish will be fully mature and then you can start smiling to the bank. GET YOUR FISH FARMING BUSINESS PLAN/Feasibility Study IN NIGERIA.To place an order, pay N10,000 to. With the way fish sells in Nigeria, you can be sure that investing in a fish farm in Nigeria can be very profitable. If you are looking to go into fish farming in Nigeria, the question of the profitability of catfish farming must have been on your mind. Profitability of catfish farming in Nigeria. Structured questionnaire were designed and randomly administered among 150 catfish … This water disposal system is always factored into the construction of their tanks, like the image below shows. But if there is inflow of good water and an outflow of used water, you are going to make a lot of profits from the business. Cassava tubers which is in very high demand is the raw material for producing 'garri' which is a staple food for the Nigerians. It is an online agribusiness training center where students enroll to watch practical tutorial videos that will teach and explain different aspects of agriculture, agribusiness and farming. What we will are going to talk about in this post is all about catfish farming in Nigeria. The problem of profitability and scale of production of catfish has not been properly addressed. How interesting Biology states that catfish can survive without water for two days, breathing as usual. It can also lead to blood clothing or nosebleeds. Even after expenses, you will still have enough funds left. Starting catfish farming business in Nigeria is not always an easy task. This kind of fish grows quickly, farmers even can increase the speed of fish grows by adding special feeds. I’m sure you’ve heard a lot about the profitability of poultry farming in Nigeria and how it is capable of employing millions of people, growing GDP and making you millions of Naira. Catfish Business is really hyping in Nigeria right now but how many are really getting it right? Catfish farming may provide a major source of income, diversify an existing farming operation, or satisfy family food and recreational needs. You will agree with me that regardless of how bad the economy is, people must consume farm produce (Fish, Chicken, Goat, Snail etc). Imagine cultivating your catfish in an urban area, with good road and nearness to market. This kind of fish grows quickly, farmers even can increase the speed of fish grows by adding special feeds. Catfish is omnivores and eat almost everything. Fish grows faster than most other animals; hence, the period of the ROI is shorter. Here lies all you need to know about profitable commercial cassava farming in Nigeria. Just hold on and keep pushing. We also intend publishing a fish farming in Nigeria pdf and will tell you when it is ready. Catfish grows quickly. The basic fish reared in Nigeria are Catfish and Tilapia Fish, Catfish is the most common with the highest demand rate, so I advise you to start with Catfish. If you are interested in going deeper and learning more about Catfish farming, then you need to signup to watch our tutorial videos that will show you what you need to do and know to be successful in catfish farming in Nigeria. Catfish farming is increasingly becoming an attractive form of agriculture for many Nigerians especially young people. You won’t be able to sell every day or every week. Below are some of the basic advantages of establishing the business. The current market price for 1kg of fish is N800 so you can generate sales of N380, 000 (475 X N800). I won’t be factoring in the cost of getting a land. I’m sure you’ve heard a lot about the potentials of catfish farming in Nigeria, and how it is capable of making you millions of Naira. Here is perfect guide on how you can start your Catfish business as a Nigerian. The need to provide information to prospective investors on the decision to invest led to this study on profitability analysis of selected ventures in catfish aquaculture in Ondo State, Nigeria. Catfish farming is a simple and flexible livestock based business and you can start anywhere, especially in tropical climates like ours. Agriculture is the new oil! This kind of fish grows quickly, farmers even can increase the speed of fish grows by adding special feeds. Catfish Farming in Nigeria startup costs: Wooden (VAT) tank construction and labour: N150,000, Total startup capital for 500 fishes: N310, 000. It is far more difficult to run than poultry or even snail farming. Sixty respondents were randomly selected and interviewed using interview schedule to elicit information through multi-stage sampling technique. Catfish grows quickly. ESSENTIAL TIPS FOR MANAGING A FISH FARM FOR PROFIT Everyone engages in one form of business or the other principally to make profits even NGO’s with free funds from donor agencies have specific areas towards which this funds are applied and targets (which forms the profit for this types of organisations) are set to be achieved. In their 1 – 2 months, give them floating feed then switch to sinking or local feed later. The catches have actually played some role in ensuring that they meet the country’s food needs, apart from fish exportation. Thompson OA and Mafimisebi TE. It will also help to dilute the polluted water in the pond which usually consist of remnants of the food they ate and waste products from the fish. The reason for its profitability is dependent on the level of consumption, according to records, on a daily basis across the major cities in Nigeria where catfish farms are located, an estimated sale of over 3,000 catfish are sold within each city, across supermarkets, restaurants, fish joints where pepper soup and grilled fish are made and then you have those who buy for home consumption. ECONOMIC ASSESSMENT OF CATFISH FARMING IN NIGERIA: A CASE STUDY OF THE FEDERAL CAPITAL TERRITORY Olagunju Olanrewaju Federal Department of Fisheries and Aquaculture, Nigeria olagunjulanre@gmail.com Supervisors: University of Iceland Prof. Dadi Mar Kristofersson dmk@hi.is Alvin Slewion Jueseah alvinjueseah@yahoo.com ABSTRACT The production costs, profitability and … You can also export your smoked catfishes to countries like Canada, America, Australia etc. Poor juveniles may be cheap, but they can frustrate you in the long run. How Profitable Is Catfish Farming Cultivation in Nigeria? The period of growth from larvae to commercial fish is only 6 months. There are various ways to start the catfish business. Fish farming is the practice of rearing fish for personal consumption or for a profit-making purpose. There are so many information on the internet on how to start fish farming in Nigeria especially catfish farming but few are detailed enough to really assist aspiring fish farmer to get started. Just learn with keen interest from experts- people who have been in the business for years and have made much positive impacts. Yes, you can start catfish farming at home. Catfish farming in Nigeria is a good venture to go into. GTBank (Guaranty Trust Bank) Account Name – Chudi-Oji Chukwuka Account No – 0044157183. Its only in the North that goat is reared in commercial quantity. Feeding your fish right is also very essential. Forty (40) catfish farmers were selected from the study area using simple random sampling techniques. PROFITABILITY AND TECHNICAL EFFICIENCY IN HOMESTEAD CATFISH PRODUCTION IN DELTA STATE, NIGERIA Aquaculture, the farming of aquatic organisms, including fish, molluscs, crustaceans and aquatic plants, is often cited as one of the means of efficiently increasing fish production in low-income, food-deficit countries. Catfish are mostly farmed by fish farmers because: Catfish sell faster in the market than most fish because there is a steady demand for catfish in the market; The return on investment in catfish farming is very high therefore it … The deeper your pond is, the better. Get it right and you’re in money. I will be endeavor to make this article as detailed as possible and hope that other experienced fish farmer will add to it as we try to answer people’s questions by commenting. You need no one to convince on how profitable the business is. It also reduces vitamin E level and can cause interactions with contraceptive medications, weight loss drugs containing Orlistat and blood medications. This form of catfish commands a higher price in the market but you’ll have to spend money either hiring someone to smoke them for you or buying the smoking equipment and doing it yourself. Most catfish farmers guard their feed formula jealously and won’t reveal it to just anyone. What determines the profitability of Catfish farming in Nigeria? farming, Nigeria is still one of the largest importers of fish in the developing world. But at home, aquariums or in closed water supply installation. You’ll also need a farm labour to help you with, To learn more about how to get our catfish farming business plan or how to get quality fingerlings and juveniles for starting your catfish farm, please call, 6 Agriculture Problems in Nigeria—and Solutions, An Intro to Hydroponics: 9 Benefits Of Growing Without Soil. The oil is also known to help in reducing waist circumference and helps to keep the skin and liver healthy. So whether you are looking for the profitability of catfish farming in Nigeria, cost of starting a fish farm in Nigeria, fish farming in Nigeria tips or how to start your own fish farm, we will talk about them. It lowers blood pressure, cholesterol and prevents mental health disorders. The African catfish is delicious, nutritious and grows pretty fast. 5 Ways to Make Money from Cat Fish Farming in Nigeria. Assuming they are well raised and you have a very low death rate or mortality rate (about 5%, which means of the starting 500 fishes, 25 die along the way), you can expect each of your 475 surviving fishes to grow to a minimum of 1kg each, giving you a total weight of 475 kg. The profitability of catfish farming in Nigeria . The period of growth from larvae to commercial fish is only 6 months. Profitability of catfish farming in Nigeria. There will be steady water that will neutralize and leave the pond refreshed. (2010). When the word “ point and kill” flashes by your ears, don’t squeeze your face wondering what it means. The best condition for starting a fishpond is to start it in a place with a shade or a muted light environment or habitat, which is why they grow faster. Catfish Farming in Nigeria: Advantages. Goat Rearing . Structured questionnaire was used to collect data from the respondents. The simple random sampling technique was used in selecting 40 catfish farmers that provided the primary data used in this study. NOTE: We are noticing a sharp increase in demand for catfish at the moment and are predicting an uptick in price of catfish in the near term — that is likely to last till December of this year or longer.Be careful. There are so many people offering the service in Nigeria, Catfish oil is medicinal. Starting a catfish business is not a big deal. This study was designed to analyze the economics of catfish farming in Lokoja and Adavi Local Government Areas of Kogi State, as a way of determining the profitability and viability of commercial catfish production in the study area. Lagos Postal Code for all its Areas & Districts. These and many other questions have been answered in this post. Their feeds need to be of the highest quality. That means even in dry season, the fish won’t lack water. There’s a very steady demand for fishes in the market. Individuals also demand for catfishes too for personal consumption. Imagine having about 1,000 catfish in your pond. Most catfish farmers guard their feed formula jealously and won’t reveal it to just anyone. Look for a fish farmer that is successful for years, ask him where his gets his juveniles. Catfish Farming in Nigeria – Startup Cost, Pond, Feeding, Business Plan. It also promotes healthy foetal brain function and good eyesight. Catfishes don’t need a veterinary doctor to check up on them regularly. You can only find it easy when you are fully determined to do it, regardless of what comes your way. Cultivate your fish in a land that is waterlogged. There will be times when you will feel like quitting. Fishes are bought in bulk also by people making health and beauty products. Presently, the cost of 1kg of Catfish cost about N1000. For a juvenile to grow to table level or start generating some benefits for the farmer, you need to have some patience. The period … But if you don’t maintain them well, you can have a disease outbreak. Presently, the cost of 1kg of Catfish cost about N1000. Therefore, the profitability of catfish farming business is analyzed investigated in this study. and Chima, C.C. Yes, there several misfortunes that might befall you. Fish farming is an act of rearing fish for commercial purpose in Nigeria. Breeding. Catfish sells very fast because it is cheaper than meat, so there is a high demand on it. The trick in catfish farming is to know the techniques and practices that will reduce mortality or death rate and boost growth and production. Fish farming is the rearing of fishes. The water bodies must contain fresh water. Catfish sells very fast because it is cheaper than meat, so there is a high demand on it. Though catfish oil is very good for the body, without a doctor’s prescription, it may not be advisable to take it. The most popular types of fishes reared in Nigeria are catfish, mackerel and tilapia. The simple random sampling technique was used in selecting 40 catfish farmers that provided the primary data used in this study. After payment text your name, your e-mail address and payment details to 08060565721 and you’ll receive your FISH FARMING BUSINESS PLAN IN NIGERIA / FEASIBILITY STUDY. 5 Ways to Make Money from Cat Fish Farming in Nigeria. You’ll also need a farm labour to help you with operations and management if you won’t be available to run the catfish farm full-time. In addition, catfish farming can be done where you live, especially if you have large yards. Are you planning on starting the business in your neighborhood? These parameters are: In order to do a fair and thorough analysis, I’ll be analyzing the profitability of catfish farming in Nigeria from the standpoint of someone who’s trying to start a catfish farming business with 500 catfishes. When used in pregnancy and newborns, it lowers the risk of type 1 diabetes, It supports a healthy immune system and helps tackle Illnesses like upper respiratory problems. That is because the maturity age is usually 4 months. Don’t sell your catfish anyhow. The profitability of catfish farming in Nigeria is very high this is because many Nigerian don’t know how to start the business. Going by these four parameters that I’ve used to analyze the profitability of catfish farming in Nigeria, catfish farming in Nigeria has an overall rating of A, meaning that it is a profitable business. Packaged fish feeds like Coppens, Durante etc. That is the reason the business is always recommended for farmers hoping to start earning from fish farming as soon as possible, It is a very popular source of protein. I’ll exclude the O&M costs from these calculations because the variables can’t be accurately forecasted generally, they are specific to each person’s situation. Before we proceed, you would agree that catfish is one of the commonly eaten fishes in homes, hotels, bars, joints, relaxation spots, and so on. Fishes are bought in bulk also by people making health and beauty products. Go for training. How to Start A Profitable Fish Farming Business In Nigeria (2019) What is Fish Farming? Right Feed/Feeding Mode. The main advantage of using cages for rearing of fish is that you do not need to change the water as the flowing water replenishes the cage with fresh water. This study was designed to analyze the economics of catfish farming in Lokoja and Adavi Local Government Areas of Kogi State, as a way of determining the profitability and viability of commercial catfish production in the study area. The profitability of catfish farming in Nigeria is very high this is because many Nigerian don’t know how to start the business. According to the Central Bank of Nigeria (2017), Nigeria spends over 288 billion naira on annual fish importation . The profits you will be making from that is mind blowing. Despite perceived profitability of catfish farming with a projected return on investment of 70% to 80% catfish farmers in Lagos are grappling with myriad of challenges that leave a sour taste in their mouths. I’m sure you didn’t buy your juveniles to feed them. In buying your juvenile for your catfish farming in Nigeria, you must look for the best farm that has healthy fishes. In Nigeria, because of the relative ease of catfish farming, the readily stable markets for catfish, especially as catfish is a treasured delicacy in Nigerian cultures, catfish farming has built a huge followers-base. If that ever happens, they are likely not to grow well and fast. Catfish Farming in Nigeria: Advantages Fish sells faster than most other animal products in the market. I’ll be making an assumption that you already have land whether on lease or full ownernship. Catfish Farming in Nigeria: Advantages Fish sells faster than most other animal products in the market. 3, pp. Our catfish farming business plan will show you all the materials you need to get, what you should feed your fishes with, profits, balance sheet and cash flow for 5 years of operation and so much more! The reason is simple- monitor lizards, birds, and other kinds of predators love eating juveniles. 5) Fish Farming Is Profitable. it is the second most popular fish in Nigeria fish farming industry. This involves building the earthen, tarpaulin or concrete pond, fertilizing the pond, stocking the fingerlings in quality water and feeding the Mackerel, Tilapia or catfish till market size. Are you thinking of going into poultry farming in Nigeria? Well, as someone who has a first-hand experience in catfish farming in Nigeria, I want to analyze the profitability of catfish farming in Nigeria because catfish farming is one of the most common agribusiness ventures in Nigeria and in Africa. For instance, it can cause nausea, loose stool, skin rash, indigestion and fish tasting burps. Profitability of Catfish Farming in Nigeria From all the fish species, catfish farming has a great market demand in Nigeria. I’ll be using four parameters to analyze the profitability of catfish farming in Nigeria. Commercial cassava farming has been a very profitable farming venture for Nigerian farmers. It’s not a business for lazy people. By Inoussa Maiga on April 20, 2017 News, Nigeria Despite perceived profitability of catfish farming with a projected return on investment of 70% to 80% catfish farmers in Lagos are grappling with myriad of challenges that leave a sour taste in their mouths. Catfish can be stocked in cages dipped in open water bodies like rivers and dams. These are what farmers and individuals consider before venturing into the business. If you want to go into the catfish farming, you need to be aware of its costs and profit potential so that you can make the necessary preparation. With an invested capital of N310, 000 and sales of N380, 000, your gross profit margin is 22.58%. (2010) on analysis of profitability of fish farming in Ogun State, Nigeria where they reported that 82.9% of … Fishes are bought in bulk also by people making health and beauty products. This study analysed the profitability of small-scale catfish farming in Kaduna State, Nigeria. Fish farming is the practice of rearing fish for personal consumption or for a profit-making purpose. Though this depends on the source. This kind of fish grows quickly, farmers even can increase the speed of fish grows by adding special feeds. Many of my readers have asked questions on how much to … Imagine cultivating your catfish in an urban area, with good road and nearness to market. From all the fish species, catfish farming has a great market demand in Nigeria. Though that depends on the number of fish you want to cultivate. You can either opt for already packaged feeds or you can choose to manufacture or produce your own feeds. Catfish farming doesn’t have a good cash flow. To produce your own feed, you need a very good fish feed formula to guide you in sourcing ingredients and determining the ration of how these ingredients will be combined. Aquaculture production has The profitability of catfish farming in Nigeria . Don’t sell your catfish anyhow. Not just in rural areas. These fishes in their various forms are very […] 31, No. A fish farmer can grow catfish in ponds, cages, or raceways. Catfish farming doesn’t require a very high level of O&M. Are you thinking of going into catfish farming? Catfish Farming in Nigeria ~ Profitability & Requirement, Airlines In Nigeria ~ List & Details of 16 Operators 2020, Mercedes Benz GLK 350 Price in Nigeria {All 6 Editions}. For example, in catfish farming, you can decide to smoke and package your fishes for export, sales to supermarkets and shops instead of selling to market women. The African catfish is delicious, nutritious and grows pretty fast. endeavor to put a protective net. 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