How To Start Catfish Farming in Nigeria (E Manual)

Catfish Farming in Nigeria: Feasibility Study

The feasibility study included in this guide is for a farm capacity of 10,000 fingerlings and for a farm that is just starting. The Capital covers from pond construction (which is the common concrete type), fish feeding, production, to marketing. The farm has 10 ponds to contain 1,000 fingerlings cum Catfish each.

To construct one concrete fish pond measuring 3m X 2.5m X 1.4m (l/w/h). The materials and prices below are rough estimates of materials.

Blocks (N120,000), Sand (N28,000), Cement (N130,000), Gravel (N64,000) General Farm treatment (N50,000), Water supply (N58,000), Misc (N100,000) Fingerlings (1 is N30, so N30 X 10,000 = N300,000), Cost of feeding from day one to full maturity stage (N1,000,000), Workmanship (N150,000).

Total: N2,000,000

Note: The more the quantity you purchase, the better since you can get every one of the fishes out alive when they’re ready to be sold. In this case, 300 fishes died and the rest were sold at N800 each. The selling price also depends on location.

N800 X 9700 = N7,660,000

After six months of tendering and rearing, the gain was a whooping N5,760,000 after six months, which isn’t bad at all. The number one money consuming factor is the fish feeds, as you can see from the feasibility study.

The more the investment, the more you can expect as ROI.

Catfish Farming in Nigeria: Risks Involved
Managing a fish farm is relatively more difficult than a goat or snail farm or even poultry.

Losses resulting from mistakes or management slips is always more fatal in fish farms than in any other case.
Fish from fish farms are always priced higher than freshly caught fishes. So you might find it more difficult selling your fishes if there are many fishermen in your market.

Setting up a fish farm is very capital intensive. Much more than most other animals.
Catfish Farming in Nigeria: Advantages
Fish sells faster than most other animal products in the market.

Fish grows faster than most other animals; hence, the period of the ROI is shorter.
Fishes are bought in bulk also by people making health and beauty products.

There’s a very steady demand for fishes in the market.
The ROI from fish farming is very attractive and is enough compensation for your time and money.

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