Setting up fish farm is capital intensive, much more than that of poultry and snail farming. Setting up fish farm requires more careful planning and much capital input.
A relatively small fish farm may take up to N500,000 to setup, while bigger ones takes millions of naira
.
How much does it cost to start a catfish business in Nigeria?
| Detail of Expenditure Cost Value (Naira) | Procurement of juveniles (N25 each; between 6 and 10 grams) 25,000 | Feeds (floating; I recommend 100 grams per fish. That’s approximately seven bags at 7,000 each) 44,000 | Local feed (1,700kg at N280 per kg). Note: At conversion ratio of 1.4:1. 392,000 |
|---|
How much can I use to start catfish farming in Nigeria?
Cost of Starting a Catfish Farming Business
To meet all the basic requirements to start a small scale fish farm, this can cost
between N500,000 and N4 million
, depending on the land cost, type of pond, pond size, number of stock, type of production, other equipment and facilities.
How can I start a small fish farm in Nigeria?
- Firstly, get a good location for your fish farm.
- Get a good source of water.
- Choose the appropriate fish pond.
- Decide the right fish species for you.
- Get healthy fingerling or juveniles.
- Understand fish feeds and feeding.
- Start Marketing your fish before they grow-up.
How do fish farmers make money in Nigeria?
- 1 Breeding your catfish from eggs. …
- 2 Selling your produce in bulk. …
- 3 Selling directly to customers. …
- 4 Organize a tour. …
- 5 Have a Workshop on your farm. …
- 6 Become a fish farm consultant. …
- 7 Offer fish farm management services. …
- 8 Leases part of your farm.
Is fish farming profitable in Nigeria?
Fish Farming is Profitable
Fish farming is very profitable. With proper planning and good management, N3 million investment in fish farming could easily result to N4 million of pure profit within six months.
How much is 1kg of catfish in Nigeria?
| Product price ₦4,500.00 | Additional options total: ₦0.00 | Order total: ₦4,500.00 |
|---|
How many catfish can you have in a 1000 Litre tank?
So 1000 liters is 264 gals so about
26 fish
.
How many bags of fish feed 1000 fishes?
This means that one would require approximate
70 bags
of feed to comfortably feed the fish for several months. With the price of each bag N6, 500, 70 bags would cost N455, 000.
What size of pond can contain 1000 fishes?
A typical standard dimension of a concrete fish pond habitable by one thousand cat fishes used by the Kingsway Agro Services is
3m by 2.5m by 1.4m
, in length, breadth and depth, respectively (Martinslibrary.blogspot.com).
How much profit does a fish farmer make?
In this article, we are going to discuss the Fish Farming business Idea. You can earn
up to Rs 1.75- 2 lakh
by spending only Rs 25,000 annually on this profitable business. “Fisheries” has become a major area of focus for the government in the past few years.
How much does fish feed cost in Nigeria?
| FEED size (mm) Price per bag | BlueCrown Fish Feed 0.8 to 9 mm ₦10,500 | Vital Fish Feed 1 to 9 mm ₦7,100 | Zeigler Fish Feed 1 to 9 mm ₦12,000 | Chi fish Feed 1 to 9 mm ₦6,200 |
|---|
Do farmers pay tax in Nigeria?
All agricultural and agro-industrial machines and equipment enjoy zero percent (0%) duty. Companies in the agro-allied business do not have their capital allowance restricted. It is granted in full i.e. 100%.
Agribusiness is tax free
.
Is catfish business profitable in Nigeria?
With an invested capital of N310, 000 and sales of N380, 000, your
gross profit margin is 22.58%
. Catfish farming doesn’t have a good cash flow. You won’t be able to sell every day or every week. You have to spend a minimum of 4 months raising the fishes before they reach market size of 1kg each.
What fish is popular in Nigeria?
A variety of species are eaten in Nigeria, including
crayfish, sardines (freshwater and saltwater), bonga and mackerel, as well as cultured fish species, such as tilapia, carp and catfish
.
How do I start a small fish farm?
What is the most profitable fish to farm?
What is the most profitable fish to farm? The top fish to farm in the US are
tilapia, catfish, and salmon
. Each is typically raised very differently from each other. Tilapia is usually raised indoors.
How can I make money in fish farming?
Other ways to make money from a big fish farm include:
–
Rendering assistance to farmers who want to harvest their fishes
. – Middle man: Look for big buyers of cat fish, negotiate price and then supply to a cheaper rate. You can buy directly from the fish farmers and sell to end consumers.
How many months does it take fish to mature?
The length of time it takes a fish to reach its full size depends on many different variables, but usually, in about
1-2 year
, your fish should be the adult size.
How long does catfish take to grow?
However, some catfish species mature earlier, say
4 months
, while others mature late (5 months and above). For catfishes that mature in 4 months, there is no point keeping them for more than 4 months because keeping them beyond this age will amount to waste of money.
How many times should catfish be fed in a day?
Most catfish producers feed
once a day
, 7 days a week during the warmer months. Research has shown feeding twice a day improves growth of fingerlings, but there is no benefit by feeding twice a day for food fish grow out. Feed is typically blown onto the surface of the water using mechanical feeders.
What food makes fish grow faster?
We use Tetra Color Tropical Flakes as their main staple diet then we feed them live foods once a week and
mini pellets and dried bloodworms
2-3 times a week. This will ensure they have a variety in their diet. Also, don’t overfeed your pets, as this can just make them sick and bloated.
How much does a tilapia fish cost?
Prices for tilapia products vary considerably across the U.S. Live fish sold by the producer will range from
$2.20 to $6.60 per kg
at the farm. Prices for processed forms also vary considerably (Table 1.)
How long does catfish take to grow in Nigeria?
According to the farmer, some fishes can reach more than 20 kg. So, the main advice on how to make African catfish grow faster is a proper feeding. Under favorable conditions, fish will reach the desirable sizes in
10 – 12 months
.
How big should a catfish pond be?
MAFES researchers propose building catfish ponds
up to 3 feet deeper, for an average depth of 6 to 7 feet
. “If we build the ponds a little bit deeper to start with, we can have a good operational depth and use it out to 15 years,” Steeby said.
How deep does a catfish pond need to be?
Depth of Pond
The ideal catfish pond slopes from
2 feet to 5 feet
. Despite popular belief, deep ponds are not as suitable for catfish growth as those with shal- lower, graded slopes.
How much space do catfish need?
Your catfish’s new home
Cory catfish, which grow to be about 4 inches long, can live in 5 to 10-gallon tanks.
Larger catfish require at least a 30-gallon tank
. Keep the aquarium near a power source in a low-traffic area, away from direct sunlight and drafts. Water weighs about 10 pounds per gallon.
