How to Start Fish Farming Business in Nigeria
How to Start Fish Farming Business in Nigeria
Are you in search of a step-by-step guide on how to start a fish farming business in Nigeria? If you are in the right place! In this article, we have put down the necessary details you would need to start your fish farm in Nigeria.
The Reality of the Fish farming Business in Nigeria is that it requires a lot of capital to start, it also depends on the size of the farm and the number of fish you intend to start with. But for this article, we shall educate you on the basics and what you need to establish a profitable fish farm in Nigeria.
Have in Mind that, Before you start any business in Nigeria that requires less capital or more, you must first know the ins and outs by researching that particular business online or by learning from people who have experience in it. which is why you are here to research how to start your fish farm at home or anywhere. so let’s move on.
THE REQUIREMENTS FOR FISH FARMING IN NIGERIA
1. CAPITAL
In any business, capital is the first requirement. Capital is the number one factor of production and the most important thing you are going to need and have in starting up fish farming in Nigeria. As I earlier mentioned, the required capital to start a fish farm depends on the size of the farm or the number of fish you want to rare. If you are looking at starting your Fish pond farm from home, then you need little capital just to buy fish, feeds, and a few other things that will be mentioned below. but if you are looking at getting a Big Fish pound, then you should have enough capital, because you’ll need a lot of things like land, borehole, generator, treatment, etc.. Moving on
2. LAND
Land is very essential if you must start up your fish business. After getting your capital the next thing you would want to do is to secure land. It is better to secure land with bigger space if you have enough capital. This will make it easy to expand in the future without the extra cost of purchasing land.
3. BUILD A POND
Build a strong pond, (I usually advise people that, when you are about to start up a business, no matter the size’ ensure you use quality materials so you do not start facing issues with production at an early stage. ) So make sure you build a pond strong enough to hold water, also ensure that the drainage system is properly channeled for easy passage of unclean water from the pond. Meanwhile, Tapolene can substitute for a pond, If you don’t have money to construct a Proper pond.
NOTE: The secret to keeping your fish healthy and agile is clean water. You will need to constantly change the water after two days (depending on the state of the water) because if you don’t change the water, your fish might get weak. Fishes don’t like unclean water, so ensure you change the water in the pond often.
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4. BOREHOLE
This is a very important aspect, Fishes can’t survive without water, Hence you will need a regular supply of water and the only way to get that is to fix a borehole. But if Your pond is close to the river, then you can channel pipes to draw water to your pond from the river.
5. OVERHEAD TANKS
You would need at least 2 over head tanks to store water for unforseen circumstance.
6. GENERATOR
Due to the lack of electricity in this part of the world, you would need your source of power, if you want to be successful in your fish farming business. Invest in a good generating set that will help you power the bulbs and any other equipment that uses power at your fish farming site .
7. GET ACQUAINTED AND ASK QUESTIONS FROM EXPERTS
As it is in every business, you must know the dos and don’ts of fish farming in Nigeria. This will enable you to equip yourself with the knowledge on how to succeed in the Fish business. Also, ask experts on areas you find confusing in the business
EQUIPMENT NEEDED TO START UP A FISH FARM
1. Pipes
2. Water Testing Equipment
3. Baskets and Buckets
4. Seines and Nets
5. Pond Aerators
TYPES OF FISHES YOU CAN USE TO START YOUR FISH FARM IN NIGERIA
There are some hot-in-demand types of fish that you can start rearing. These types of Fish you can farm in Nigeria include
1. Cat Fish
2. Tilapia
3. Titus
WHY IS FISH FARMING BUSINESS A LUCRATIVE VENTURE IN NIGERIA?
1. It is easy to learn as fishery products are cheap in the market
2. It sells more than any other kind of product
3. The demand for fish is high in the market
4. Fishes grow faster naturally as long as you give them the right feed and supplements.
5. Fish farming in Nigeria can yield you a lot of profit.