Fish farming business is one of the leading and lucrative business in Nigeria that can be started with a very low capital and it has the potential to generate a decent profit in a short while. the good part of this business is that it requires little to no technical knowledge.
Fish farming business can be started and actually everyone’s willing to generate a decent profit and earn a living. this type of business can be started with a low capital depending on how large one would like to start.
fish farming business consumes less time and it is also a low-risk business. this type of business can be combined with other businesses like poultry farming, snail farming, and the likes.
in Nigeria, the rate of fish consumption is on the high to the extent that the rate of demands is now higher than that of supply which makes fish farming business a lucrative one. marketing fishes in Nigeria requires less advertisements thereby reducing the stress involved.
fish farming can simply Be explain to me the Acts of rearing fishes for personal or public consumption. fish farming business it is always set up to maximize profits.
WHAT TYPE OF FISH CAN BE REARED?
virtually, every type of fish can be reared depending on the location and market demand. the type or species of fishes to rear depends solely on the market demand and the environment the business is to be set up.
but the most commonly reared fishes are the catfish species. this is because this type of fish is in a very high demand in almost all locations in Nigeria. there is also no harm in rearing more than one type or species. of fish. the choices are all all yours.
HOW LUCRATIVE OR PROFITABLE IS FISH FARMING BUSINESS IN NIGERIA?
fish farming business in Nigeria is a highly profitable or lucrative business in Nigeria. but the profitability of fish farming in Nigeria depends mostly on how large the business is and also on the business location or market environment.
fish farming business thrives more in urban area than in rural areas because of the relatively large populations in urban area.
HOW MUCH CAN I USE TO START FISH FARMING A BUSINESS IN NIGERIA?
fish farming business in Nigeria can be started with a capital of 50k and above depending on the species of fish to rear and also on the type of pond you would like to rear it on. for a large scale fish farming, earth pond is preferable but for a small scale fish farming tanj or rubber pond can be used to in order to reduced capital.
WHAT ARE THE THINGS NEEDED TO START A FISH FARMING BUSINESS IN NIGERIA?
the few requirements that is needed to start a fish farming business in Nigeria are as listed below:
• RUBBER/PLASTIC TANKS OR EARTH POND. • CLEAN OR PURE WATER • YOUNG FISHES • FISH FEEDS. • DEDICATION AND COMMITMENT.
HOW TO START FISH FARMING BUSINESS IN NIGERIA:
starting a fish farming business in Nigeria requires no much steps and it involves no big deals. in fact fishing farming business is as easy as anything you could ever imagine.
1. CHOOSING A SUITABLE FARMLAND:
the first thing to put in place when starting a fish farming is to choose a suitable farm location. but for those willing to start the fish farming business on a low scale using rubber or plastic tanks can skip this step because the tank can be placed virtually anywhere.
2. CONSTRUCTING FISH POND:
the next thing to do after choosing a farm location is to construct or design it to suit your fishes. fishes are known to be aquatic animals so constructing a pond or water bodies for them is very important.
So if you will be using at Earth pond, simply dig the ground like 4 feet’s down and convert it into a pond. for those that will be using a rubber or plastic tanks, simply fill your tank with a pure or clean water.
DO NOT FILL THE WATER TO THE BRIM.
3. PURCHASING YOUR FISHES FOR REARING:
the next thing to do after completing the steps above is to purchase a fresh and young fishes that’ll be reared in your pond or tanks set out above.
you can decide on the species of fish to rear but remember catfish is the most commonly reared species of fish. you can scan your environment to determine the type of fish is in high demand. this will help you decide on the type of fish to rear.
4. REARING OF THE PURCHASED FISHES:
Booyah! you are now getting closer to the destination. the next thing to do is to put the freshly purchased fish is inside your ponds or Rubber tanks.
always ensure the well spacing of the fishes to avoid overcrowding. this means that the larger your pond or rubber tanks, the higher the number of fishes it can contain.
5. FEEDING OF THE FISHES:
this is very important because the fishes will die if not properly and well-fed. you can walk in to fish feeds trading store to purchase your fish feeds.
the fish feeds will be directed added to the water while the fishes will feeds on them.
In order to minimize the cost of feeding/rearing, local feeds like maggots and hatchery wastes can be used to feed the fishes. But always ensure the hatchery wastes are boiled before given to the fishes. Also, do not feed your fishes with local feeds untill they are matured enough (like 5 to 6weeks old).
If your fishes are well fed, they’ll grow and replicate in no time.
6. MAINTAINING YOUR FISH PONDS:
This is very important in order to reduce the mortality or death rates of your fishes.
the fishing ponds should be inspected and the water should be replaced at least every 3 days.
7. HARVESTING AND MARKETING YOUR FISHES.
now that you have gone through all the steps of starting the profitable fish farming business, it is your responsibility to monitor your fishes to know when they are matured enough for sale.
Once your are satisfied a fish is matured enough to be sold, pick them out of your fish pond and then put them up for sale.
Fish farming business in Nigeria is undoubtedly a profitable business that involves less stress, low-risk and above all, can be started with a little capital.
Though the amount of profits you will generating from this type of business depends mostly on your location and the amount of capital invested.
The higher the capital, the higher the profits and vise versa.
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