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Multiple Streams Of Income Through Catfish Farming! - Agriculture - Nairaland

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Multiple Streams Of Income Through Catfish Farming! by Yommiefish(m): 9:32pm On Sep 05, 2015
It is no longer news that corruption has eaten deep
into the fabric of the society and the
entire nation is suffering from the
effects.

With deep and clear studying of the
situation, you will discover that the
system itself is encouraging this
menace. Or how can you explain the
fact that someone earns less than
500,000 naira per annum and he or she
is expected to pay the school fees of
more tha one child, house rent,
transport, feeding and so on in a city
like FCT or Lagos, or any other city for
that matter?

If we don't want corruption to continue,
we must profer solutions to the income
and earning challenges of the people.
One major way to curb this is by
encouraging individuals to have
multiple sources of income.
Like Nigeria, her people must also do
every possible thing to change their
normal mono-income practice if we
hope to solve the problem of
corruption. Without additional pay,
there's no way people can survive. If
expenses are increasing, income also
must increase, else, the status quo will
remain!

Therefore, multiple streams of income
is the key to Solving financial hardship,
and also corruption in Nigeria.
One major area to get additional
income is in Agribusiness. From this
industry, an individual can create
multiple streams of income for him/
her self if engaged in the value chain
approach.

This means that from one single item,
several products can be gotten along
the value chain. E.g Fish.

From fish, the following are value chain
products :
* Fingerlings / juveniles
* Smoked Fish

* Table size production I.e fish above
1kg size.
* Fillets
* Feed milling
* Feed ingredients supply
* Finished / imported feed sales
* Fish drug/ supplements sales
* Pond construction and management
services
* General Fisheries consultancy
services
* Processed fish export
* Brood stocks production
* e.t.c

We can see that more than 13 different
income lines can be generated from
fisheries alone.

The same applies to all other Agro
items. An individual can create a
multiple stream of income for him/her
self if equipped with the right
knowledge and training.

At BIC Farms Concepts, we help
Africans to identify opportunities in
Agribusiness, tap into it, and also,
become role models for others to
follow and then repeat the same.

Contact us if interested in any area of
Agribusiness value chain need.

To your success.

Re: Multiple Streams Of Income Through Catfish Farming! by efembaba(m): 9:54pm On Sep 05, 2015
U have my vote sir..

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