Cost of starting fish farming in Nigeria

Cost of Starting Catfish Farming Business; you’ll get detail cost of starting fish farming as you read down. So, read on!

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

COST and requirement of starting fish farming

Source: von.gov.ng

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, Ibadan, Osun, Oyo 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 state 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 Fish Farming business

If you`re planning to start the fish farming business in a medium or large scale, you may need;

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

See the best of our sample business plan: Fish farming business plan, you need it to get started in Fish farming business.

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 buy 100, 200, 300, 400, 500, 1000 etc., catfish fingerlings?

How much do you need to feed 1000, 500, 400, 200, 100 etc fingerlings to jumbo size?

You have to know whom your competitors are and how to win there in the business.

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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, calibrate it, 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 Case Study

Note: this article is first published in 2016. 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 fish 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 concerning Fish farming, you can use the comment box below.

See Now: Fish farming business plan sample. A Road Map to your success in fish farming business.

Good luck!

114 thoughts on “Cost of starting fish farming in Nigeria”

  1. Isiaka Akinwunmi Idris

    Hello,

    Please do you have an updated version of this feasibility study for 2019 or 2020.

    Thank you.

  2. i love this article but pls its 2019, they should be an update on each level of expesise, and the acutal bags of fish feeds to feed 10000 fishes till maturity.
    And come to think of it whats the size of the pond on this site, advantages n disadvantages of using tiles to construct a fish pond and the cost estimate if tiles must be used.

  3. Please what is your feed conversion ratio(FCR). How can 200bags of 15kg feed for 10000 fingerlings give an average of 1.7kg catfish at maturity.? (200 x 15)/10000 =0.3kg for FCR 1:1. The highest feed to body wt. conversion ratio is 1;1.5. The highest body wt. we can get from 200bags of feed for 10000 stock is 0.45kg or 450g.

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