The period of growth from larvae to commercial fish is only 6 months. Sixty respondents were randomly selected and interviewed using interview schedule to elicit information through multi-stage sampling technique. Hotels, Beer parlors, Pepper soup joints are ordering cat fish in large quantities and making lots of money from it. They can live on land and can jump up to 2 meters in search of water. That explains why it is always the top demand at events in big hotels, Catfish farm is easy to setup. Then, compare all the costs against the projected returns to determine the profitability of the project. Though the overall profitability assessment as indicated by the GM and NFI shows catfish farming to be profitable, the scale- wise analysis indicates that on average only the large farms were profitable. The requirements for starting catfish cultivation in Nigeria are: Convince yourself first that surely this is what you want, and the learning process won’t be a problem for you. Especially when the result is not coming as fast as you expect. In buying your juvenile for your catfish farming in Nigeria, you must look for the best farm that has healthy fishes. I’ll be making an assumption that you already have land whether on lease or full ownernship. 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. Are you interested in small scale fish farming in Nigeria? Yes, there several misfortunes that might befall you. 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. Thompson OA and Mafimisebi TE. (adsbygoogle = window.adsbygoogle || []).push({}); Catfish farming is no doubt one of the most lucrative businesses you can go into in Nigeria now. As such, it is used to cure many ailments like inflammation, depression, and anxiety. If you are using tanks or concrete ponds, always drain off the polluted water and fill the ponds again with good water. Livestock Farming In Nigeria is also one of the Most Profitable Agricultural Business In Nigeria. 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, for instance, has gotten extensive marine fisheries that are being exploited by commercial fleets. From all the fish species, catfish farming has a great market demand in Nigeria. It depends on your scale. Catfish Business is really hyping in Nigeria right now but how many are really getting it right? You will agree with me that regardless of how bad the economy is, people must consume farm produce (Fish, Chicken, Goat, Snail etc). Simply order yours by paying N10,000 to. Presently, the cost of 1kg of Catfish cost about N1000. How to Start A Profitable Fish Farming Business In Nigeria (2019) What is Fish Farming? Right Feed/Feeding Mode. 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. You need no one to convince on how profitable the business is. Catfish/Tilapia Fish Farming in Nigeria – Nursery Rearing: The Tilapia fry should be reared in nursery ponds at least a month before they come to actual pond.The nursery rearing can be done in nylon meshed hapas suspended in grow out ponds. Fish farming is the practice of rearing fish for personal consumption or for a profit-making purpose. The period of growth from larvae to commercial fish is only 6 months. Fish grows faster than most other animals; hence, the period of the ROI is shorter. For instance, it can cause nausea, loose stool, skin rash, indigestion and fish tasting burps. Whatever you are using to cultivate your catfish (concrete pond, earthen pond, tank etc.) 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. 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. All you need is determination and focus. But at home, aquariums or in closed water supply installation. Catfish is strong and resistant to diseases if properly fed, The fish is easier to breed than other species, It grows very fast. Find out! However, through catfish farming, I make a net profit of over N200,000 in a month, which makes me more comfortable than most civil servants. Catfish farming doesn’t require a very high level of O&M. How to Start A Profitable Fish Farming Business In Nigeria (2019) What is Fish Farming? Don’t sell your catfish anyhow. 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. 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. Catfish sells very fast because it is cheaper than meat, so there is a high demand on it. GTBank (Guaranty Trust Bank) Account Name – Chudi-Oji Chukwuka Account No – 0044157183. Lagos Postal Code for all its Areas & Districts. (2019) . Catfish Farming in Nigeria: Overview. What we will are going to talk about in this post is all about catfish farming in Nigeria. 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. 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. 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. Imagine having about 1,000 catfish in your pond. You won’t be able to sell every day or every week. 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. 50 – 80 fry may be reared in one square meter. The water bodies must contain fresh water. 3, pp. Imagine having about 1,000 catfish in your pond. That means within 12 months, you will be breeding about 2 sets of it. Therefore, the profitability of catfish farming business is analyzed investigated in this study. Not just in rural … This agrees with the work of Adewuyi et al. That is because the maturity age is usually 4 months. Look for a fish farmer that is successful for years, ask him where his gets his juveniles. 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. FARMING IN LAGOS STATE, NIGERIA ... Access, extension services, Profitability, Fish farming . Though this varies from specie to specie.For some, it can be up to 5 months and above. But if you don’t maintain them well, you can have a disease outbreak. The problem of profitability and scale of production of catfish has not been properly addressed. 179-184. Catfish grows quickly. I won’t be factoring in the cost of getting a land. Catfish grows quickly. Packaged fish feeds like Coppens, Durante etc. Analysis of Profitability of Fish Farming in Ogun State, Nigeria. You can only find it easy when you are fully determined to do it, regardless of what comes your way. The demand is highest from football viewing centers, restaurants and market women who buy in bulk and sell in retail either as live catfishes or smoked catfish. Catfish sells very fast because it is cheaper than meat, so there is a high demand on it. Although you can’t start it in your backyard, a cattle farm has proved to be a constant source of money since one cow is equivalent to the same amount used to rent a 3 bedroom flat in Lagos. Catfish farming is a simple and flexible livestock based business and you can start anywhere, especially in tropical climates like ours. Even after expenses, you will still have enough funds left. Fishes are bought in bulk also by people making health and beauty products. In their 1 – 2 months, give them floating feed then switch to sinking or local feed later. Cultivate your fish in a land that is waterlogged. profitability of fish farming in many States in Nigeria including Delta State, not many such studies have focused on the profitability and technical efficiency in catfish production at the homestead level in the central agricultural zone of Delta State. I hope this analysis helps you to make the decision to start your catfish farming business. Cages are also used for farming catfish in Nigeria. The reason is simple- monitor lizards, birds, and other kinds of predators love eating juveniles. There are other things you need to put in place before starting a catfish farming business in Nigeria but the ones highlighted above are the basics. If you fail to wait for your fish to mature well, it might reduce the price you could have sold it to customers, bringing you great loss. Just like every other business, catfish farming has its own advantages and disadvantages. The oil is also known to help in reducing waist circumference and helps to keep the skin and liver healthy. I’m sure you didn’t buy your juveniles to feed them. Catfish Farming in Nigeria – Startup Cost, Pond, Feeding, Business Plan. 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. What determines the profitability of Catfish farming in Nigeria? Catfish farming is increasingly becoming an attractive form of agriculture for many Nigerians especially young people. You can boost your profitability in catfish farming by smoking them and selling them to individuals or supermarkets. Catfish is omnivores and eat almost everything. A Farm/Space. You can decide to do away with some items in order to reduce cost and boost profitablity. Just learn with keen interest from experts- people who have been in the business for years and have made much positive impacts. Catfish farming in Nigeria is a good venture to go into. 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. 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. Read keenly and you will be glad you did. It is also so easy to cultivate and very popular in the Nigerian fish market. Structured questionnaire were designed and randomly administered among 150 catfish … The reason for its profitability is dependent on the level of consumption, ... Order For your own Catfish Farming Business Plan In Nigeria PDF or Feasibility Study in PDF file. You can also export your smoked catfishes to countries like Canada, America, Australia etc. Ensure good quality water i.e. You have to spend a minimum of 4 months raising the fishes before they reach market size of 1kg each. Commercial cassava farming has been a very profitable farming venture for Nigerian farmers. Do you have access to good water and have been thinking of how to utilize the God’s given gift? But if you don’t maintain them well, you can have a disease outbreak. Fish farming is not always as easy as it seems. Just hold on and keep pushing. 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. However, with adequate knowledge of the business, you will overcome them. 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. This kind of fish grows quickly, farmers even can increase the speed of fish grows by adding special feeds. Catfishes don’t need a veterinary doctor to check up on them regularly. Are you thinking of going into poultry farming in Nigeria? The problem of profitability and scale of production of catfish has not been properly addressed. Most catfish farmers guard their feed formula jealously and won’t reveal it to just anyone. Feeding your fish right is also very essential. 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. That means even in dry season, the fish won’t lack water. 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 … As such, catfish consumption in Nigeria remains the delicacy of the wealthy. The most popular types of fishes reared in Nigeria are catfish, mackerel and tilapia. Within 6 months of starting it, your fish will be fully mature and then you can start smiling to the bank. 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. Are you thinking of going into catfish farming? Imagine cultivating your catfish in an urban area, with good road and nearness to market. Once the juveniles are up to two months old, predators won’t be able to get them easily. Agricdemy is an online platform filled with videos and resources for learning about agriculture, agribusiness and farming. Catfish grows quickly. it is the second most popular fish in Nigeria fish farming industry. This study was conducted in Suleja Local Government Area of Niger State to assess the profitability of catfish production. 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 … How To Start An Organic Tilapia & Catfish Farming Business In Nigeria Fish farming is a branch of agriculture which deals with the rearing of different kinds of fishes usually for commercial purposes. Starting the business will expose you to so many opportunities which will generate lots of money to you. Does that line sound familiar? It is a well-known fact that the fish is one of the most widely consumed in our country today. In Nigeria, a lot of the people who engage in fish farming do it for profit making. 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. Hotels, Beer parlors, Pepper soup joints are ordering cat fish in large quantities and making lots of money from it. Fish sells faster than most other animal products in the market. Students also receive extensive support and counselling that will help them start their own farming businesses. The period … Here lies all you need to know about profitable commercial cassava farming in Nigeria. The current market price for 1kg of fish is N800 so you can generate sales of N380, 000 (475 X N800). 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. About 80% of fish farmers in Nigeria engage in catfish farming. It lowers blood pressure, cholesterol and prevents mental health disorders. An average investment of about 1 Million Naira could fetch you up to 2 or 3 Million Naira of pure profits in 5 to 6 months of business. Starting catfish farming business in Nigeria is not always an easy task. With catfishes you’ll never have any problem selling your products. How Profitable Is Catfish Farming Cultivation in Nigeria? Nigeria requires about 2.66 million metric tons of fish annually to satisfy the Catfishes don’t need a veterinary doctor to check up on them regularly. Don’t sell your catfish anyhow. Here is perfect guide on how you can start your Catfish business as a Nigerian. Farming fish which belongs to the part of agriculture referred to as ‘aquaculture’ is catching the eye of many people as the prospects of profit, especially at first glance seem motivating enough. Its only in the North that goat is reared in commercial quantity. There’s a very good market for catfishes too. If you need a professional and comprehensive business plan to guide you and help you raise money to start and grow your catfish farming business, you can get one from us. It can also lead to blood clothing or nosebleeds. endeavor to put a protective net. Catfish sells very fast because it is cheaper than meat, so there is a high demand on it. Catfish is omnivores and eat almost everything. 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. The profitability of catfish farming in Nigeria . 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. It also reduces vitamin E level and can cause interactions with contraceptive medications, weight loss drugs containing Orlistat and blood medications. However, the success of catfishes growth depends on the cleanliness of their water tanks and the quality of their feeds. It also grows fast and can reach marketable size in six months. farming. Especially if you follow the instructions in this guide, Catfish is preferred in most restaurants for making barbecue, pepper soup and all sorts of delicacies, When it comes to entertainments, catfish also takes the lead. This guide features nearly everything you need to know about the business. Not just in rural areas. Below are some of the basic advantages of establishing the business. 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 period … It’s always safe and fit for their system. Please cite as: Onyekuru, N.A ., Ihemezie, E.J. The simple random sampling technique was used in selecting 40 catfish farmers that provided the primary data used in this study. Account No – 0044083736 . The profitability of catfish farming in Nigeria is so great that many fish farmers are moving in that line. 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