₦airaland Forum

lawani:
I did 700 or a bit more to maturity in 2011 or 2012 and the RCCG and their cohorts that didn't like my online activities sent their agents to harvest it behind my back with the help of one Pastor in Ile ife.

lawani:
I did 700 or a bit more to maturity in 2011 or 2012 and the RCCG and their cohorts that didn't like my online activities sent their agents to harvest it behind my back with the help of one Pastor in Ile ife.

nikaShow:
First you have to separate CAPEX from OPEX.

CAPEX is capital expenditure.

OPEX is operating expenditure.

CAPEX is things like cost of land , ponds , borehole, pumping machine. This are huge funds that you won’t recoup in a cycle. Yet they are part of your expense.

Then OPEX is things like fingerlings or juveniles, fish feed, cost of changing water etc.

Whilst Op’s heart is in the right place, his calculations are false.

Asher’s Tarpaulin ponds of 500 fish each cost 250k each for full installation. So that’s 500k for 2 mobile ponds that can take 1000 fish already.

Juveniles of 70n : 70k

Feed at 2400 per Kg for 1000 fish is already 2.4m

Then cost of labour and water change etc

But what do I know ?

I’ve only being a full time fish farmer for 13 years now.

Google Akinfish and see 😎

Dogalmighty17:
Ignore the nonsense they are saying in that video.
You need 66 bags of feed to raise 1000 fish to table size. With an approximate cost of 22k today, that's around 1.5 million naira. Add up costs of renting the pond, water, drugs and other possible overheads, you can have a total cost of 1.8m for 1000 fish to table size.
If you are lucky to 800kg of fish in the end and buyers who are willing to buy a kilo for 3000 naira, that's 2.4m. Minus 1.8m and you have a 600k profit after 5 months.

The key is to have more than 1 pond and if your capital permits, you can stock in multiples of 1000. That's where you see good money.

But don't forget, it is 66 bags per 1000 fish. I've been there and done all that. I've raised 10,000 fish to table size before. So I know a thing or two.

lawani:
I did 700 or a bit more to maturity in 2011 or 2012 and the RCCG and their cohorts that didn't like my online activities sent their agents to harvest it behind my back with the help of one Pastor in Ile ife.

mrvitalis:
You know if government remove import duty on shawa and sardine fish it cold reduce cost of Cat fish and Tilapia fish by 60%
Also reduce canned sardine import by 90%

Creating over 100,000 jobs and improving protein consumption

Dogalmighty17:
Ignore the nonsense they are saying in that video.
You need 66 bags of feed to raise 1000 fish to table size. With an approximate cost of 22k today, that's around 1.5 million naira. Add up costs of renting the pond, water, drugs and other possible overheads, you can have a total cost of 1.8m for 1000 fish to table size.

If you are lucky to 800kg of fish in the end and buyers who are willing to buy a kilo for 3000 naira, that's 2.4m. Minus 1.8m and you have a 600k profit after 5 months.

The key is to have more than 1 pond and if your capital permits, you can stock in multiples of 1000. That's where you see good money.

But don't forget, it is 66 bags per 1000 fish. I've been there and done all that. I've raised 10,000 fish to table size before. So I know a thing or two.

Dogalmighty17:
Ignore the nonsense they are saying in that video.
You need 66 bags of feed to raise 1000 fish to table size. With an approximate cost of 22k today, that's around 1.5 million naira. Add up costs of renting the pond, water, drugs and other possible overheads, you can have a total cost of 1.8m for 1000 fish to table size.
If you are lucky to 800kg of fish in the end and buyers who are willing to buy a kilo for 3000 naira, that's 2.4m. Minus 1.8m and you have a 600k profit after 5 months.

The key is to have more than 1 pond and if your capital permits, you can stock in multiples of 1000. That's where you see good money.

But don't forget, it is 66 bags per 1000 fish. I've been there and done all that. I've raised 10,000 fish to table size before. So I know a thing or two.

JuanDeDios:
So how can they reduce import while removing import duty? ?

nikaShow:
First you have to separate CAPEX from OPEX.

CAPEX is capital expenditure.

OPEX is operating expenditure.

CAPEX is things like cost of land , ponds , borehole, pumping machine. This are huge funds that you won’t recoup in a cycle. Yet they are part of your expense.

Then OPEX is things like fingerlings or juveniles, fish feed, cost of changing water etc.

Whilst Op’s heart is in the right place, his calculations are false.

Asher’s Tarpaulin ponds of 500 fish each cost 250k each for full installation. So that’s 500k for 2 mobile ponds that can take 1000 fish already.

Juveniles of 70n : 70k

Feed at 2400 per Kg for 1000 fish is already 2.4m

Then cost of labour and water change etc

But what do I know ?

I’ve only being a full time fish farmer for 13 years now.

Google Akinfish and see 😎

Babysho:
Why are we buying 1000 bags of the fish feed?

mrvitalis:
Cost of those fish is very low

This reduces importation of fish meal used for fish feed making fish feed cheaper

Once fish feed is cheap cat fish and tilapia become so cheap people buy more catfish and tilapia over Titus and Kote fish even croaker

Once import on sardine fish is zero it makes more sense to produce canned sardines here than import since cost of production per can falls below 500 naira

Like I always say importation has never been the enemy

nikaShow:
First you have to separate CAPEX from OPEX.

CAPEX is capital expenditure.

OPEX is operating expenditure.

CAPEX is things like cost of land , ponds , borehole, pumping machine. This are huge funds that you won’t recoup in a cycle. Yet they are part of your expense.

Then OPEX is things like fingerlings or juveniles, fish feed, cost of changing water etc.

Whilst Op’s heart is in the right place, his calculations are false.

Asher’s Tarpaulin ponds of 500 fish each cost 250k each for full installation. So that’s 500k for 2 mobile ponds that can take 1000 fish already.

Juveniles of 70n : 70k

Feed at 2400 per Kg for 1000 fish is already 2.4m for 1000kg. We have not even spoken of a realistic FcR (feed conversion ratio)

Then cost of labour and water change etc

But what do I know ?

I’ve only being a full time fish farmer for 13 years now.

Google Akinfish and see 😎

JuanDeDios:
i see. Yea, the last line. I've always said that too. You just need to get your act together for imports to become unprofitable.

mrvitalis:
The idea is what you can’t producer cheaper and is something that won’t threaten national security then import

Focus your energy ,policy and international diplomacy into something you can produce cheaper than most country

Stock fish we can never produce stock fish so why is there import duty on it ? We should be looking at what to export to Norway to balance the trade

YourGFsnatcher:
4
Wow! But is fish business worth it?

Dogalmighty17:
Ignore the nonsense they are saying in that video.
You need 66 bags of feed to raise 1000 fish to table size. With an approximate cost of 22k today, that's around 1.5 million naira. Add up costs of renting the pond, water, drugs and other possible overheads, you can have a total cost of 1.8m for 1000 fish to table size.
If you are lucky to 800kg of fish in the end and buyers who are willing to buy a kilo for 3000 naira, that's 2.4m. Minus 1.8m and you have a 600k profit after 5 months.

The key is to have more than 1 pond and if your capital permits, you can stock in multiples of 1000. That's where you see good money.

But don't forget, it is 66 bags per 1000 fish. I've been there and done all that. I've raised 10,000 fish to table size before. So I know a thing or two.

donleo92:
My own be say, how many times do you feed your fish, during this rainy season

Because this fish, no really they eat oh

JuanDeDios:
Agreed. Unfortunately, government is a problem in Nigeria. They use tariffs for revenue generation instead of strategic economic building. It's a government of stomach infrastructure.