Readers ask: How To Start A Fish Farm In Nigeria?

How much does it cost to start a fish farm in Nigeria?

Capital Intensive 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 profitable is fish farming in Nigeria?

The current market price for 1kg of fish is N800 so you can generate sales of N380, 000 (475 X N800). 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.

How much profit does a fish farmer make?

1.75 lacs by Investment of Rs. 25K Annually. On an average he earns Rs 1.75 lakh from it by incurring an annual expenditure of Rs 25,000 only.

How can I start fish farming?

How to start fish farming step by step

  1. Step 1: Select an Apposite Land Area. The first step in this process is selecting a good land area.
  2. Step 2: Pond Design and Construction.
  3. Step 3: Selecting the Fish Species.
  4. Step 4:Feeding the Fish.
  5. Step5: Fish Harvesting.
  6. Step6: Marketing the Fish.
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How much does it cost to start a fish farm?

As a rough guide, assuming production of 3000 pounds of catfish per acre sold wholesale to a fish processing plant, at least $3,000 per acre will be required for start up and operating costs. This includes minimal or shared equipment, low cost pond construction, feed and fingerlings.

Which fish grow faster?

1 Catla. Catla is the fastest growing Indian major carp species and widely distributed throughout India, Nepal, Pakistan, Burma and Bangladesh (Fig. 19). It inhabits the surface layer of water and feeds upon plankton.

How much is 1kg of catfish in Nigeria 2021?

One of the reasons for fish price fluctuations in Nigeria is season. Price of Tilapia fish in Nigeria 2021.

Quantity (Kg) Price in Words Cost in Figures
Price Per Kilo One Thousand Five Hundred Naira ₦1,500

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Is there money in catfish farming?

Under the right circumstances, catfish farming can be very profitable. Like other forms of farming, however, catfish production involves substantial capital investment and many risks. Growing catfish successfully also requires daily attention.

How much does fish feed cost in Nigeria?

Sample of Fish Farm Cost Analysis

Detail of Expenditure Cost Value (Naira)
Procurement of juveniles (N25 each; between 6 and 10 grams) 27,000
Feeds (floating all-through; 74 bags at conversion ratio of 1.2:1kg. A bag will cost N6,000) 494,000
Cost of feeding (assume N2,000 monthly for five months) 13,000

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Do fish farms make money?

Fish farming is very profitable. As in other types of agriculture, the level of profit is seldom excessive. Fish farming is a good retirement activity. Running a fish farm requires hard physical work and can be stressful.

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How many fish can you have in a 1 acre pond?

In unfertilized ponds, you should be able to harvest up to 40 pounds of adult bluegill (about 120 fish ) and 10 pounds of adult bass (about 8 to 10 fish ) per acre per year. In fertilized ponds, you can harvest 160 pounds of bluegill (600 to 700 fish ) and 35 to 40 pounds of bass (30 to 35 fish ) per acre per year.

Is income from fish farming taxable?

Whether Income from Fish Farming (Jhinga) is agricultural Income: Fish farming is not an agricultural activity as no basic agricultural operation is carried out on land hence income from fish farming is taxable as business income. However income of fish farming to a co-operative society is exempt u/s 80P of the Act.

What is the most profitable fish to farm?

For the last 30 years, the high end of fish farming has been dominated by Atlantic salmon, a $15.4-billion industry. Atlantic salmon has become one of the most profitable fish to grow and is slightly better than chicken in terms of how well it converts feed into body mass.

How do you farm Biofloc fish?

And don’t forget to check out the training reference section at the end of the article for some very useful links.

  1. Step 1: Tank or pond set-up.
  2. Step 2: Aeration.
  3. Step 3: Pre-seeding beneficial microbes.
  4. Step 4: Species selection and stocking densities.
  5. Step 5: Balancing carbon source input.
  6. Step 6: Biofloc growth.

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