Fish Farming Feasibility Studies in Nigeria -Fish Farming Business Prospect

Recent on this Blog we discuss on how to start a commercial fish farming Business in Nigeria and grow it big.

today i want to share with you a simple feasibility studies on fish farm am sure you gonna enjoy it.

I found the analysis below from Kings Way Agro Services and decided to add it as sample case study you can follow. 

"This feasibility study prepared for a catfish farm capacity of 10,000 and fingerlings of high breed catfish where to be stocked. The expenses from pond construction to marketing is considered. The farm is to have 10 concrete ponds of flow through system and each pond is to contains 1,000 stocked catfish.

Cost of constructing each pond is as follows.

Each pond is 3m x 2.5m by 1.4m, each pond consumes 210 blocks and each bag of cement for 30 blocks. Hence 210 x 10 = 2,100 blocks. 2,100/30 = 70 bags of cement needed. 2000 x 70 = 140,000 naira.

4trips of sand used =7,000x4 = N28,000 

2trips of gravel = 32,000x 2 = N64,00 

Cost of labour = N150,00 

Cost of plumbing (inlet and outlet facility) = N100,000.

Cost of bore hole = N150,000.

Cost of treatment = N50,000.

Cost of high breed fingerlings 30x10,000 = N300,000.

Cost of feeding from day one to maturity stage is 200 bags of foreign feed = N1,000,000.

After the average weight of the fish was 1.7kg. And it was sold at 800 naira each. The output was 800x9800 fishes, due to 200 mortality. 800 x 9800 = N7,840,000.

Input is N3.25'million. The profit is N4.59 million after six months of culture." Following this cost analysis, you can easily invest N3 million and expect a massive turnover of N4 million with six months it will take for you to harvest and sell.

There is no doubt that fish farming is very lucrative and profitable in Nigeria. You need to get it right by drawing complete business plan and following it to the later. You need to apply good management skills and follow the acceptable standard. If you do all these, you are sure to make good profit from your fish farming business in Nigeria.

Ask questions or share your opinions with us by dropping us a comment below.

 Courtesy: Wealthresult


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