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

A relatively small fish farm may take up to N500,000 to setup, while bigger ones takes millions of naira.

How can I start a small scale fish farming in Nigeria?

How Do I Start a Fish Farm in Nigeria?

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

How much profit does a fish farmer make 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?

The average net income from Catla fish farms is over Rs. 100,000 per acre per year but with proper management, net profits of Rs. 150,000 per acre per year can be achieved.

What kind of Business is fish farming in Nigeria?

Fish farming is a major type of aquaculture as it involves rearing of fish in tanks or enclosures mainly for commercial or subsistent purposes. Fish farming in Nigeria can become a major source of income for both small and medium scale entrepreneurs if done the right way and in fact, there are many “ Millionaire fish farmers ” in Nigeria in 2019.

What kind of tank to use for fish farming in Nigeria?

Plastic tank may be good for you if you’re just starting fish farming in Nigeria (especially on a small scale). This small scale medium will help you to be familiar with the nature of the fishery business, before you’ll extend your market reach.

How to build a fish pond in Nigeria?

Concrete fish pond construction in Nigeria is not much different from the same process anywhere else in the world. You will need several blocks and some cement in order to create thick walls (about 5cm thick) and an even thicker bottom (about 10cm thick).

Where is nikimu fish farming project in Uganda?

Nikimu fish farming project is found in Kamonkoli Sub County Budaka District, with the coordinating centre at Kamonkoli sub county 5 miles from Mbale along the Tirinyi- Kampala high way.