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Cost of starting fish farming in Nigeria

COST OF STARTING CATFISH BUSINESS

I don’t know where you are reading this article from; however, I want you to understand that conditions and environment differ significantly.

COST and requirement of starting fish farming You can be reading this article from Lagos Nigeria, some other persons  can be reading it from Imo, PH, Ekiti, Kano, Akwa Ibom, Enugu, Bayelsa etc and even countries outside Nigeria. They may think the cost I have given here will be same.

You can’t expect the cost of land to build pond (for instance) in Lagos to be the same with that of Oyo?

You can’t also expect the cost of labour in Akwa Ibom to be the same with the cost of labour in Kano?
Even some other materials you might expect to be of the same price are not (even in the same city). The best way to do this is to move out and ask questions.

You`ll definitely get the cost of things you need to get started in your locality.

Things needed to start medium/large scale fishing business

If you`re planning to start the fishing business in a big way, you may need;

  • bole hole,
  • tank,
  • fish pond,
  • dependable electricity to pump water
  • And some staff to work with you.

You will also have to get the price of the feeds you`ll need for feeding your catfish.

The major reason why I usually avoid discussing about the cost on this site is because cost, price or profit is all relative.

For example, the amount you will need to purchase a hectare of land to construct a fish pond in Abuja can comfortably take care of all your cost in certain part of Oyo state and the price you will sell an average catfish in Lagos may be what you will sell two in Kano.

You will see that it does not make sense to jump into conclusion that certain amount of money is what you will need to start a catfish business or that certain amount is what you will make.

The best way I think will be to go out and investigate both your cost of starting the cat fish business and your likely profit.

How much can a fish pond be constructed in your locality?

How much it will take you to get a bole hole done?

How much can you get a tank to store water?

Then, how much can you get 100, 500, 1000 etc, catfish fingerlings?

You have to know whom your competitors are and how to win there in the business.
You can start your cat fish business where the cost of labour is low so as to sell at competitive price?

Don`t try building your fish pond yourself, if you don`t know how to do so.
The catfish pond should be standard. Consult some nearby fish farmers who have ponds for advice.

Even if every other thing is alright, a bad pond can kill your profit.
Catfish is freshwater animal. Poor quality water alone can kill your efficiency. The best sources of water for fishing business are borehole and river. Rain water and tap water from treated source is not good for your fish.

Check acidity of your water. Acidic water is bad for fish. To check this, you will need to buy a PH meter, read your water and see the acid level.

Your fish must be well feed. Your feeds should contain proper nutrients like lysine, arginine and methionine. Some farmers try using local meals to feed their fish. This may be good provided those meals contain the essential fish nutrients. You have to increase your fish feeds as they grow, or otherwise, they will suffer malnutrition.

Cost of Catfish farming in Anambra state Nigeria

A feasibility study carried in Anambra state and prepared for a catfish farm of capacity is 10,000. Fingerlings were of high breed catfish. The expenses from pond construction to marketing are taken into consideration.
The farm is to have 10 concrete ponds of flow through system and each pond is to contain 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. Hence cost =70 x 200 = 140,000 naira.

4trips of sand used = 8000 x 4 = 32,000 naira.
2trips of gravel = 32,000 x 2 = 64,000 naira.
Cost of labour = 180,000 naira.
Cost of plumbing (inlet and outlet facility) = 100,000.
Cost of bore hole = 500,000 naira.
Cost of treatment = 60,000.
Cost of high breed fingerlings 30×10, 000 = 300,000 naira.
Cost of feeding from day one to maturity stage is 200 bags of foreign feed = 1,000, 000 naira.
After the average weight of the fish was 1.7kg. And it was sold at 800 naira each. The output was 800 x 9800 fishes, 200 was lost due to mortality.
So, 700 x 9800 gives 6860,000 naira.

To Summarise, total expenses = 2.236 million naira.
The gain = 4.624 million naira after six months of culture.

 

If you have questions or comment, you can use the comment box below.

Good luck!