How much can I make from fish farming in Nigeria?

How much can I make from 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 can I start fish farming business in Nigeria?

Starting Fish Farming Business in Nigeria

1. Firstly, get a good location for your fish farm.
2. Get a good source of water.
3. Choose the appropriate fish pond.
4. Decide the right fish species for you.
5. Get healthy fingerling or juveniles.
6. Understand fish feeds and feeding.
7. Start Marketing your fish before they grow-up.

Is fish farming a lucrative business in Nigeria?

Fish farming in Nigeria is a lucrative business that is popular in various parts of the country. Fish farming is a very profitable business to run. With correct planning and good management, you can easily get N4 million of pure income within half of a year.

Is raising fish profitable?

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.

Which fish farming is most profitable?

Atlantic salmon
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.

Is fish farming really profitable?

15 Profitable Fish Farming Business Ideas Catfish Farming Catfish are easy to farm in warmer climates. You can raise catfish both in the ponds and tanks. Cod Farming Atlantic cod is one of the most important commercial fish species in Northern Europe and North America’s eastern coast. Hence, it is getting popular increasingly. Eel Farming Eels are carnivorous and catadromous fish.

How profitable is fish farming?

Fish farming is undoubtedly profitable . This is especially true when they use cheap but nutritious ingredients at the lower end of the food chain. Except for some other fish, all indians and Chinese fish are herbivores – meaning less money. These are fresh water ponds and water beds. If it is a sea pool, there are many fish can be aquaculture.

Is a fish farm business profitable?

Fish farming is one of the most profitable agricultural business ideas in 2020 for people with a big chunk of space. Contrary to perception, this large-scale agriculture business opportunity does not always require large water body.

What is involved in fish farming?

Fish farming is an act of rearing fish for commercial purpose . This involves building the earthen, tarpaulin or concrete pond, fertilizing the pond, stocking the fingerlings in good water and feeding the Mackerel, Tilapia or catfish till market size.