Investing in a fish farming in Nigeria is a very lucrative Business, Before every other thing you will need a land. This could either be in an isolated or more populated area, but no matter where it is, you are going to need some land. Ideally, it should be located in a swampy area or by a riverside, since you will be able to use the natural water source to create a place for the fish to live.
Because it is sometimes difficult to get land near water, you might have to use a different method. You can use virtually any body of water to make a habitat for fish. You can even create a fish pond in your backyard. All you need to do is make a tank-like structure where the fish can live, or get a plastic tank to use instead.
Based on research, starting a fish pond can be quite cheap, considering the high returns. After Acquiring the Land, You can then start up your Fish Farming Business with at least N200,000 (£800,€1,000,$1,300). This Amount will take care of the following :-
ADVANTAGES OF USING A NATURAL FISH POND:-
DISADVANTAGE OF USING A NATURAL FISH POND:-
ARTIFICIAL FISH POND
USING AN ARTIFICIAL FISH POND:-
FEEDING YOUR FISH:-
After getting the fingerlings, they should be fed with the factory-packed feed meal. For the first four weeks, the farmer should buy the 2 mm feed meal packs. After that, the feeds should be increased to 3 mm for the rest of the fish’s lifespan.
To supplement the feed meal, a locally-made feed can be used when the fish are grown. This feed contains maize, fish bone, dried fish and soya beans, which are grounded together and poured into the pond. Note that this method should be used ONLY when the fishes are over three months old. It is also very important to feed the fish at regular intervals to prevent them from eating one another.
WHAT AND WHAT NOT TO DO:-
This is the moment when a fish farmer hopes to get the reward for his labour. The average growth period for the fish is between four and six months, at which point they can be harvested. To start harvesting, the farmer should have buyers come to the pond; these buyers are mostly traders who will go to a market to resell the fish. They will pump out the pond water and get out the fish with nets. The fish are sold in the market on a per kilo basis, at a kilo cost of N360 to N400.
The Good thing about fish farming Business is that it can be run by another person if you cannot be there to manage it all the time. It is not essential for the owner of the business to be there, as long as the people he is employing to manage the farm are trustworthy and competent. Fish farming can therefore be a viable business opportunity for Nigerians in Diaspora who are looking to start their own Business at home, or Nigerians at home that have the Capabilities, None Nigerians are also not left out, for those that have the desire to invest in Nigeria, This Feasibility Study on Fish Farming Business will go a long way.