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Catfish Farming In Nigeria (pre-feasibility & Cost Analysis) by lazybone1: 4:08pm On Oct 25, 2016 |
Executive Summary Fish is the cheapest source of animal protein and because of its low cholesterol level it is medically recommended as a good food for both the young and elderly. Fish farming in Nigeria is currently a very lucrative business and this is boosted by the continuous rise in the demand for Catfish. Fish farming consists of two major subdivisions, which could either be operated separately or as an integrated process. The two subdivisions are the nursery and the grow-out pond operation. The nursery operation is the basis for the grow-out operation and as such it cannot be operated without the nursery. The demand for Fish in the country is currently estimated at about 2.66 million tons annually, as against the local annual production of just 780,000 metric tons, giving a demand-supply gap of about 1.8 million tons. It is very clear that the demand is far higher than supply. The deficit was partly augmented by massive importation of fish of about 900,000 tons valued at over $800 million dollars. This is a big drawback on our scarce foreign exchange. Hence, the concerted effort to ensure self-sufficiency in fish production through aquaculture in Nigeria. According to the Norwegian Ambassador to Nigeria, “Nigeria imports fish especially stock fish from Norway, worth over N109.2 billion Naira ($700million dollars) annually”. Aquaculture has been estimated to have the potential of producing 2.5 million tons, which if fully harnessed will almost satisfy the local demand for fish in the country. This Catfish farming project involves starting a small scale catfish farm in any big city of Nigeria which will produce premium quality catfish to be sold in the local market, competing with a few existing brands. The farm will be equipped with modern equipment & technology in order to ensure the quality of the final products. The SWOT analysis showed that the opportunities of the business outweigh the challenges and was concluded that catfish farming idea is healthy and feasible in Nigeria For consultation & inquiries : 08077918755 |
Re: Catfish Farming In Nigeria (pre-feasibility & Cost Analysis) by aleshsenior2000(m): 7:25pm On Oct 25, 2016 |
interesting |
Re: Catfish Farming In Nigeria (pre-feasibility & Cost Analysis) by lazybone1: 12:02am On Oct 28, 2016 |
1.0 Project Brief The objective of this document is to provide information regarding investment opportunity for starting a fish farm in any big city in Nigeria. The farm would have the capacity of producing 2,000 fishes of 1kg weight every six months. This project will require both skilled and unskilled labour. 1.1 Proposed Business Legal Status The legal status of business tends to play an important role in any setup; the proposed fish farm is assumed to operate on as a business enterprise |
Re: Catfish Farming In Nigeria (pre-feasibility & Cost Analysis) by Sampi4me(m): 7:29am On Oct 28, 2016 |
please send to my mail sam_gft@yahoo.com |
Re: Catfish Farming In Nigeria (pre-feasibility & Cost Analysis) by lazybone1: 10:23pm On Oct 30, 2016 |
1.2 Opportunity Rationale The scarcity of foreign exchange and its concomitant effects on fish importation is apt to aggravate the insufficient supply situation and readily lends credence to the proposed project. The need for modern commercial fish farming and integrated farming methods. The advancement in technology has helped improved process and also reduce the risk. It’s an opportunity for small investors to earn slow but steady profit It can serve as a part time venture as it requires less time compare to other livestock farming. The demand for fish is higher than the supplies as such the market potential of fish is inexhaustible both locally and internationally. |
Re: Catfish Farming In Nigeria (pre-feasibility & Cost Analysis) by ezimo777(m): 5:53am On Oct 31, 2016 |
Please send to kingsleyugwu78@yahoo.co.uk |
Re: Catfish Farming In Nigeria (pre-feasibility & Cost Analysis) by lazybone1: 10:08am On Oct 31, 2016 |
1.3 Proposed Capacity The capacity selection is a critical matter that should be decided through market research. In this pre-feasibility study, the capacity is a target of 2,000 pieces of 1kg catfish each production cycle. |
Re: Catfish Farming In Nigeria (pre-feasibility & Cost Analysis) by weezeffizy(m): 11:51am On Oct 31, 2016 |
nice topic. can we get your whatsapp contact to learn more |
Re: Catfish Farming In Nigeria (pre-feasibility & Cost Analysis) by lazybone1: 7:04am On Nov 01, 2016 |
weezeffizy:What's app : 08077918755 |
Re: Catfish Farming In Nigeria (pre-feasibility & Cost Analysis) by lazybone1: 7:19am On Nov 01, 2016 |
1.4 Break-Down Capital expenses Startup Capex No Item Cost (N) Description 1 Concrete pond construction 200,000 2 Bore hole 150,000 3 Bowl & Plastic 2,000 4 weighing balance 5,000 5 Dragnet & Mosquito net 5,000 6 pH meter 10,000 7 Hand gloves & towel 2,000 8 Other farm kit 10,000 11 Other Capex 20,000 Total 404,000.00 |
Re: Catfish Farming In Nigeria (pre-feasibility & Cost Analysis) by Nobody: 8:36am On Nov 01, 2016 |
Is this for one concrete pond and what about d expected cash inflow analysis? |
Re: Catfish Farming In Nigeria (pre-feasibility & Cost Analysis) by bigbabyboy: 11:00am On Nov 01, 2016 |
I dey gbadun this thread... |
Re: Catfish Farming In Nigeria (pre-feasibility & Cost Analysis) by vickychuk(m): 5:25pm On Nov 01, 2016 |
What size pond will the 200k build.And also include plumbing and water tanks. |
Re: Catfish Farming In Nigeria (pre-feasibility & Cost Analysis) by charlly2016(m): 7:45pm On Nov 01, 2016 |
Please send to my mail: charllychim@gmail.com |
Re: Catfish Farming In Nigeria (pre-feasibility & Cost Analysis) by lazybone1: 8:21am On Nov 02, 2016 |
Break-Down Operating expenses Start-up Opex & Opening stock No Item Cost (N) Description 1 Salaries 70,000.00 2 Vaccination 15,000.00 3 land lease 100,000.00 4 Fingerlings 31,500.00 8 Feeds 250,000.00 Total 466,500.00 |
Re: Catfish Farming In Nigeria (pre-feasibility & Cost Analysis) by lazybone1: 2:34pm On Nov 02, 2016 |
Cost of Project 870,500.00 1.5 PROJECT TIMELINES Specific time is set for each phase of production of one batch of high breed catfish. The period of 5 to 6 months has been recommended for harvesting one batch of high breed catfish, at the end of the 6th months care are taken to remove adults. |
Re: Catfish Farming In Nigeria (pre-feasibility & Cost Analysis) by lazybone1: 9:06am On Nov 03, 2016 |
2.0 Market 2.1 Fish Supply And Demand in Nigeria Fish constitutes about 41% of the total animal protein intake by the average Nigerian hence there is great demand for fish in the country. Nigeria requires about 2.66 million metric tons of fish annually to satisfy the dietary requirement of its citizens (150 Million). Regrettably, the total aggregate domestic fish supply from all sources (capture and culture fisheries) is less than 0.7 million metric tons per annum. Nigeria has to import about 0.7 million metric tons of fish valued at about $500 million annually to augment the shortfall. This massive importation of frozen fish in the country has ranked Nigeria the largest importer of frozen fish in Africa The huge sum of money spent by Nigeria annually in fish importation could be used to invest in fish farming. Nigeria can substitute fish importation with domestic production to create jobs, reduce poverty in rural areas where 70% of the population lives and ease the balance of payments. |
Re: Catfish Farming In Nigeria (pre-feasibility & Cost Analysis) by i2no: 12:57pm On Nov 04, 2016 |
A review of the various food production systems reveals aquaculture (fish farming) as an important strategy in the global fight against hunger, malnutrition and poverty, particularly in the developing nations including Nigeria. Aquaculture is considered as the provider of the direly needed high quality animal protein and other essential micronutrients because of its affordability to the poorer segments of the community in addition to the provision of employment opportunities and cash income. The Food and Agriculture Organization of the United Nations (FAO) classified aquaculture as the World’s fastest growing food production sector for nearly two decades globally; the sector has shown an overall average growth rate of 11.0% per year since 1984, compared with 3.1% for terrestrial farm animal meat production. Nigeria has the capacity to attain the desired fish self‐sufficiency within a short of time if the numerous aquaculture potentials (land 1.7 million Ha and water, 14 million ha) , which abound the nation is adequately utilize . These potentials are estimated at about 2.5 million metric tons of fish annually. |
Re: Catfish Farming In Nigeria (pre-feasibility & Cost Analysis) by i2no: 12:12pm On Nov 05, 2016 |
FISH SUPPLY – DEMAND PROJECTION IN NIGERIA (2000 – 2015) Year Population consumption Demand (Tons) Production (Million) (Kg) (Tons) 2000 114.4 13.5 1,430,000 467,098 2001 117.6 13.5 1,470,000 480,164 2002 121.0 13.5 1,512,500 507,928 2003 124.4 13.5 1,555,000 522,627 2004 128.0 13.5 1,600,000 536,918 2005 131.5 13.5 1,643,750 552,433 2006 135.3 13.5 1,691,250 567,949 2007 139.1 13.5 1,738,750 583,872 |
Re: Catfish Farming In Nigeria (pre-feasibility & Cost Analysis) by i2no: 9:03am On Nov 07, 2016 |
2008 143.0 13.5 1,787,500 600,613 2009 147.1 13.5 1,838,750 617,353 2010 151.2 13.5 1,890,000 634,560 2011 155.5 13.5 1,943,750 652,606 2012 160.0 13.5 2,000,000 671,492 2013 164.4 13.5 2,055,000 689,958 2014 169 .1 13 .5 2 ,113 ,750 709 ,683 2015 174.0 13.5 2,175,000 730,248 |
Re: Catfish Farming In Nigeria (pre-feasibility & Cost Analysis) by lazybone1: 8:49am On Nov 10, 2016 |
2.2Target Market Local market Supermarkets & stores Export market Eateries Restaurants Bars & Relaxation spots Hotels & club houses |
Re: Catfish Farming In Nigeria (pre-feasibility & Cost Analysis) by lazybone1: 11:54am On Nov 15, 2016 |
3.0 Production Process 3.1 Selection of Fish Species Although a large number of fish species grow successfully in fishponds only a restricted number are usually recommended for culture in ponds. Therefore, fish species exhibiting some of the following characteristics are usually selected for stocking in ponds: Adaptability to the environment Faster growth rate Efficient converter and utilization of both natural and artificial fish feed. Hardy and can tolerate adverse environmental fluctuations Resistance to diseases Palatable with high nutritive value Acceptability to the local community Is of high demand in the market and Has high market price |
Re: Catfish Farming In Nigeria (pre-feasibility & Cost Analysis) by lazybone1: 11:54am On Nov 25, 2016 |
3.2 Breeding Process Acquire a stretch of farmland large enough to hold suitable catfish ponds. You can grow catfish successfully in ponds as small as a plot. Provide an adequate supply of water. E.g. Borehole Aerate and heat your pond. There are pump, propeller and paddlewheel aerators that stir the water and circulate dissolved oxygen for your channel cats to breathe. Stock your pond with fingerlings, baby catfish about 4 to 6 inches long. It's common for catfish farms to stock ponds to a level of 1,500 fish per acre, but fewer fish will need less dissolved oxygen. With a smaller than maximum population, you save yourself the cost of aerating the ponds. Feed your fish every day, letting them have everything they can eat for 20 to 25 minutes. Food pellets should contain all the vitamins and minerals necessary for health, and consist of around 32 percent protein, though 36 percent protein levels in the first month will boost fingerling growth. Gather some breeding-age catfish and place them in a separate pond to spawn. Select two males for every three females Add spawning containers to your pond. The containers can be ceramic pipe, metal cans, kegs or plastic barrels, as long as they're large enough that a male and female catfish can both go inside to breed. |
Re: Catfish Farming In Nigeria (pre-feasibility & Cost Analysis) by gtrader: 10:49pm On Nov 25, 2016 |
How much will be made from such investment? |
Re: Catfish Farming In Nigeria (pre-feasibility & Cost Analysis) by ABUFARMSHOLDING(f): 8:11pm On Nov 24, 2018 |
Nice write up please keep it up, To cut the cost of feeding your fishes in half check my signature |
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