Fish Farming Business Plan In Nigeria 2020 And Feasibility Study Report

Fish Farming Business Plan In Nigeria 2020 And Feasibility Study Report

Recently we wrote a business plan on cat fish farming and we are very happy that our clients who called in to purchase our business plan called back to thank us for the exceptional piece work we did.  Our recently updated Fish Farming Business Plan in Nigeria as it where can be used to access bank loans, proposal writing, grant applications. The business plan was recently compiled after a thorough feasibility study on Fish Farming business in Nigeria was done by our team of experts.

Read Our Business Plan For a Mega Integrated Poultry 2020 Complete Guide PDF

Remember what we have here were all recently update and are detailed enough to be used by those who are potential fish farmers and those who are already into but want to expand it. But if you need this for a loan, you are sure having the best material with you by purchasing our Fish farming business plan in Nigeria. If you want to go for a capital loan which is for those who wants to start a business, this will service you perfectly well. And if you want to go for an express credit which is a loan given to a person who already has a business but wants to expand, this business plan is what you need.  To place an order for Fish Farming Business Plan in Nigeria, pay N10,000 to

GT Bank (Guaranty Trust Bank)

Account Name – Ogumka Innocent

Account No – 0153723721

After you have made payment for your Fish Farming Business Plan in Nigeria, send your email and payment details to 09066078526. Once your payment has been verified the Fish Farming Business Plan in Nigeria will be sent to your email.

You can also reach us via our email @ tradewithchapatt@gmail.com or via our whatsapp number @ 09066078526.

Like we have initially written above that the Fish Farming Business Plan has been recently update and it is intended to give you the current Market analysis and comprehensive insight into Fish Farming Business in Nigeria. We have designed this manual in such a detailed and unique way that itan be used for Bank Loans, Grant, Business proposal Writing and competition etc.

You will love our Poultry Business Plan for Layers in Nigeria 2020 PDF

2020 Fish Farming Business Plan / Feasibility Study

If you are very interested in starting a lucrative and a very profitable fish farming business in Nigeria, and you also are in need of a fish farming business plan / feasibility study, so have you covered already with what we have here. Just keep reading and we will share some information regarding the fish farming business plan in Nigeria.  But also note that what we have here might not really be enough for you so it will be advisable that you place an order and get your fish farming business plan in Nigeria which contains the latest financial analysis, market survey, financial projections, executive summary etc.

Fish Farming Business Plan in Nigeria / Feasibility Study

Some time ago, I was invited to do a thirty minutes presentation on fish farming in Nigeria. I was invited a club who were mainly women. So they wanted to teach their people entrepreneur stuffs. When I go there, I had to ask them to ask me questions first about the Fish farming business so that I will know the area to work on since they all said they knew the business. 80 percent of the participants asked me a similar question and what was it? They wanted to know why fish farming business is very lucrative Nigeria and why it has become an increasingly lucrative business. The simple truth is that the high preference and demand of fish over meat has been one of the most prominent reasons why the fish farming has become one of the most lucrative businesses you can trust your capital on.

You can also read Poultry Farming Business Plan In Nigeria PDF 2020

This scene is also applicable all over the world not just in Nigeria alone. In one of my previous article on catfish, I told us that catfish is one of the most consumed fish in Nigeria because of its many advantages over the other kinds of fish. What are these advantages? They are as follows; it tastes good, rich in protein, easy to breed, and is highly resistant. So many people are very scared about this business because they feel that the fishes are very difficult to rear but that is not the case because fish can actually survive in any temperature and climatic conditions. What about their feeds? Let me shock you. How do the fishes in the river survive? How do they feed and how do they survive some of the worst weather? Well, it may interest you to know that fishes can feed on vegetables which make it a profit maximizing business to venture into.

Are you worried about how or where to sell your fishes when they are due for sales? Hmm. In this business, you don’t have to worry at all about that because there is an already made market for your business at the right price at all times. Now, let me give you a hint on where you can actually sell your fish. They can be sold to restaurants, market sellers and grocery stores. Recently, we had a research result by some private firm and it showed that most of the retailers who buy their fishes does so from fish farms that are very far away from their shops. What does this mean? It means that there is a higher transportation cost on these sale and yet these guys still go the extra mile to buy these fish.  This means a lot then. Do you know that this will surely affect the price of fish as they are sold. But yet these retailers are still in the business making gains daily. If that is the case with them, what about you who is the supplier? But that is not your issue because at all. You are the supplier and those who are retail buyers know how to balance their cheque book. What am I trying to say here in essence is that, the fact that these retailers go the distance to buy fish shows how lucrative this business really is?

So the secret to this business will be to set a fish farm in a strategic position which will automatically bring the fish farm closer to the retailers and guess what? This will be the killer my friend because you are playing the cards the retailer wants and they will pay whatever amount to buy from you because it will be stress free for them to transport it to their market place. Such an idea will be a very welcomed idea by your loyal customers and thereby increasing patronage. Fish farming business is a very popular business among the various ethnic groups in Nigeria and it is one of the highly sought farm animal products by restaurants, hotels, grocery stores, fish sellers etc.

Fish business is a very lucrative business in Nigeria and it is a business you can do from anywhere. I had a friend who is into this business though in a small measure but he is making it very big. He told me something I will never forget, he said “this business has made me what I am today. I have trained my three children through the university via the proceeds from this small fish farm” That is no joke friends. Before I write any business plan, I usually go out with my team to ask questions on the latest happening in regards to this business.

To place an order for Fish Farming Business Plan in Nigeria, pay N10,000 to

GT Bank (Guaranty Trust Bank)

Account Name – Ogumka Innocent

Account No – 0153723721

After you have made payment for your Fish Farming Business Plan in Nigeria, send your email and payment details to 09066078526. Once your payment has been verified the Fish Farming Business Plan in Nigeria will be sent to your email.

You can also reach us via our email @ tradewithchapatt@gmail.com or via our whatsapp number @ 09066078526.

Check out our Profitable Egg Distribution Business Plan In Nigeria PDF/ Egg Supply Feasibility Study

GUIDELINES ON HOW TO START FISH FARM

Have a Business Plan

Before you go into any business at all especially this kind of business, you have to draft a business plan. For your business to include all the necessary aspect of the business. When drafting a business proposal, there should be included in it a visible budget that would consist of every items that will be needed to kick start your fish business, feed and maintain your fish farming business. These must be considered until the point where fishes are ready for harvesting and sales. Our Fish farming feasibility study business plan comes with an editable budget format.

Location

We made mention of it earlier on. Truth be told, if you make a wrong choice regarding your choice of location, you will suffer for it as time goes on. So you have to make the right choice when making your decision on the location of your fish farming. Another aspect to look out for is the environment where the fish pond or farm will be located. This have a long way to determine the kind of fish pond you will be constructing. If you know about fish business, you will understand that the fishes which are in a swampy areas, there is a  recommended pond that should be constructed. But in areas where is no too much water there is a special pond that should be constructed. Please don’t joke with this aspect at all. Because the location of your fish pond is a vital factor to consider when starting your fish farming business in Nigeria.

 

Contents

Fish Farming Business Plan / Feasibility Study Report. 1

2020 Fish Farming Business Plan / Feasibility Study. 1

Fish Farming Business Plan in Nigeria / Feasibility Study. 2

 

What is Your Reason for starting a Fish Farm?

There are some questions that are very pertinent to ask yourself before embarking on this kind of business. One of such is the question of “why am I into this business? This is a very vital question to ask yourself and answering this question will give you an edge in this business. You must have a well defined goal in mind. And that goal must be specific. Because as you journey in this business, one thing will keep you going and that is your goal. Stating your motive for starting this business must be clear and also very detailed. One thing I know is that “inspiration helps you start, motivation keeps you on the tract and goal gives you the strength to finish. Why do you have to state your motive because your motive will determine the business plan that will reflect on the business plan and business strategy.  There is also the aspect of you deciding whether you want to go into commercial fish farming or you want to go into a subsistence farming just to feed your family with the fish farm.

Cost of Feeding

When talking about the cost of feeding in fish farming, this actually because the fish feeds varies and this depends on the quality of feed you a farmer intends to have for his fish farm. If you want an enhanced fish feeds then you should also be mindful that this cost than the others but you will see the difference with the growth of the fish. In fish farming feeds, we have different types of feeds. We have the local and the foreign feeds. One thing should be stated clearly here. These feeds won’t cost same price because they don’t produce same results. With the foreign feeds, you will grow your fish faster, bigger, healthier etc than what the local feed will do for you.

You won’t just jump into this business without putting into consideration what it will take to set up a successful fish farm. This is very important. Ensure you determine what it will take to achieve success in the business. All the factors that you need to start a fish farm must be available. And what are these determinants? They include the human and material resources and these factors should considered. And also the fish pond, the types of workers needed, do you need trained staffs or staffs that are not really trained who will learn on the job? Etc, , sources of water, feed etc These are some of the things that you will need to consider before starting a fish farming business in Nigeria.

Set Up Your Farm

There are factors to consider before setting up a fish pond in Nigeria and I will list but a few for your consumption.

Pond Construction

According tom our experts, it will be more economical to adopt the pond culture. This is the most commercially employed methods operated in Nigeria. It is cheaper when compared to tanks fish construction.

Cost of Labor

This particular issue must be followed up metinously because the cost for labour is not a static one. It carries and what you could know yesterday might not be what it is today. Which means the price for the construction of a fish pond will change as time progresses. So if I give a figure now, it is likely that you will meet or see another figure tomorrow.

One of the very advantages is that it makes room for natural biological productivity to occur in the fish farming system. There are new innovation which this will bring such as the use of cages or net enclosures to allow more effective collection and growing of fry.

Note that one of the most important factors to consider is that, the fish farm has the capacity to produce the greatest yield in the smallest area available at the minimum cost.

Living Conditions

Now you have to pay attention to what I will be telling you. According to our experts, ensure the temperature of the fish pond should not be below 28 degrees Celsius or 82 degrees Fahrenheit. The reason is that fishes need a water temperature of 28-30 degrees Celsius to survive and anything outside this will put their lives in danger. The PH level should be very much checkmated. The PH level should be so suitable with sufficient oxygen which will help to enhance the survival of living organisms. Pollutants such as sulphur should be taken away from your fish pond.

Water Supply

Before you start a fish farming business in Nigeria one of the most needed item on your list is water supply. Fish survives on water. Remember? So there will be need for a constant and regular water supply you will need access to regular clean water supply. Please take note of flooding else you will have a problem at hand.

Breeding
For those who want to start a tilapia fish farming business, you should be able to adopt a breeding system or strategy that would help you maximize the number of new fishes you get weekly. If you don’t how this is done, then place an order for your fish farming business and you will get all the details.

Marketing

With our feasibility study on fish farming, we will give you a very detailed overview of how the market operates, what the market is in search of and what you can also do to make good sales. Remember that every consumer s it where are busy looking for a big fish which is also affordable in the market. These fish could be smoked fish or not. But the bottom line is that our feasibility study gives you precisely what you are to get out of the business as profits.

Mixed-se3 or Mono-se3 Culture

When you put Male and female fishes together, they will readily breed and produce a lot of offspring. But the disadvantage here is that if they are not quickly separated, it will greatly reduce the growth rate of the adult fish as they would be competing for food with the fingerlings. Sometimes, they will eat the fingerlings when they are very hungry.

We will discuss the three methods that are used to prevent this scenario. They include:
Raising a mono-se3 culture which will consist of males only.

Then also harvesting the mix-se3 culture before they reach sexual maturity level.

Raising the mix-se3 culture in cages or tanks that do disrupt reproduction. One thing you should do is to make sure that you avoid over-population by using hormones or genetically specific breeds to do so. There something you must do at all times and that is separating the fingerlings from the breeders else they will feed on them. The place to keep the fingerlings must be a spacious pond. This will give them enough space for an effective growth. But for the breeders, they can be kept in a smaller space. It won’t have effect on them.

Feeding

Though we have said this before but I feel you should read them again to understand what I am saying hence I wrote it down again.  When talking about the cost of feeding in fish farming, this actually because the fish feeds varies and this depends on the quality of feed you a farmer intends to have for his fish farm. If you want an enhanced fish feeds then you should also be mindful that this cost than the others but you will see the difference with the growth of the fish. In fish farming feeds, we have different types of feeds. We have the local and the foreign feeds. One thing should be stated clearly here. These feeds won’t cost same price because they don’t produce same results. With the foreign feeds, you will grow your fish faster, bigger, healthier etc than what the local feed will do for you.

Harvesting

When you want to harvest your fishes, you are to start by seining and draining the pond.

Market Size

There various marketing options that are available for those who are into this business which means you have to carefully consider the best marketing options available to you if you intend to make profits in this business. Doing this will help you maximize your profits. There is the option of selling to your consumers directly or to the people who will buy from you in bulk and sell to customers or retailers.

Remember what we have here were all recently update and are detailed enough to be used by those who are potential fish farmers and those who are already into but want to expand it. But if you need this for a loan, you are sure having the best material with you by purchasing our Fish farming business plan in Nigeria. If you want to go for a capital loan which is for those who wants to start a business, this will service you perfectly well. And if you want to go for an express credit which is a loan given to a person who already has a business but wants to expand, this business plan is what you need.

To place an order for Fish Farming Business Plan in Nigeria, pay N10,000 to

GT Bank (Guaranty Trust Bank)

Account Name – Ogumka Innocent

Account No – 0153723721

After you have made payment for your Fish Farming Business Plan in Nigeria, send your email and payment details to 09066078526. Once your payment has been verified the Fish Farming Business Plan in Nigeria will be sent to your email.

You can also reach us via our email @ tradewithchapatt@gmail.com or via our whatsapp number @ 09066078526.

Why You Should Start A Fish Farming Business

So many people run away fro this business because they were told that starting up a fish farm is very expensive. But starting and running a fish farm is really not an expensive one and it quite cheaper and easier than you think. But if you want to establish a profitable and sustainable fish farming business you will require a very sufficient knowledge of how to efficiently build the fish pond, good management skills, and a good fish farming business plan like our fish farming business plan which will be a roadmap for your business and also give you all the necessary information that you will need to establish and sustain a very good profit making fish farming business plan.

We did  survey to know why many people are going into this business and why there is so much profits in it. We discovered that Fish farming is becoming more popular. And the reason is that fish farming business is far easier to raise than other animals like cows, pigs, etc. Like we told you before from our research, fish has the ability to strive in any temperature and weather condition so long they are raised the proper way. There are some factors that needs to considered if you want to raise fish on a commercial scale of for your family consumption. They include:

Set up a Profitable Fish Farming Business Plan and Budget

We have been emphasizing that before venturing into fish farming business, it will be good that you get a fish farming business plan for your business. A well detailed and comprehensive fish farming business plan should include all the goals and objectives that you have for your fish farming business. We have a very well written and detailed fish farming business plan that will help you achieve your set goals while you start up, feed and maintain your business until the fishes are ready for harvesting and sales.

TABLE OF CONTENTS For Fish Farming Business Plan / Feasibility Study
1.0 Fish Farm Executive Summary
1.1 Fish Farm Objectives
1.2 Mission
1.3 Proposed capacity

2.0 Tilapia Fish Farm Products and Services
2.1 Products and Service Description
2.2 Competitive Comparison
2.3 Technology
2.4 Sourcing and Fulfillment
2.5 Future Products and Services
2.6 Company Locations and Facilities
3.0 Fish Farm Market Analysis Summary
3.1 Main Competitors
3.2 Target Market Segment Strategy

4.0 Fish Farm Management Summary
4.1 Management Team
4.2 Equipment/Machinery Requirement/ Land & Building/Seed
4.3 Personnel Plan
4.4 Raw Material Requirement
5.0 Fish Farm Financial Plan
5.1 Important Assumptions
5.2 Key Financial Indicators
5.3 Analysis from Fingerlings to Adult Size Fish
5.4 Projected Profit and Loss for 30,000 male Fish
5.5 Market Information
5.6 Mortality Losses
5.7 Threats

PLUS If You Act Now, You Will Get These BONUSES
COMPLETE GUIDE TO TILAPIA FISH FARMING IN NIGERIA
FLOATING AND SINKING CATFISH FEED FORMULATION AND PRODUCTION

Remember what we have here were all recently update and are detailed enough to be used by those who are potential fish farmers and those who are already into but want to expand it. But if you need this for a loan, you are sure having the best material with you by purchasing our Fish farming business plan in Nigeria. If you want to go for a capital loan which is for those who wants to start a business, this will service you perfectly well. And if you want to go for an express credit which is a loan given to a person who already has a business but wants to expand, this business plan is what you need.

To place an order for Fish Farming Business Plan in Nigeria, pay N10,000 to

GT Bank (Guaranty Trust Bank)

Account Name – Ogumka Innocent

Account No – 0153723721

After you have made payment for your Fish Farming Business Plan in Nigeria, send your email and payment details to 09066078526. Once your payment has been verified the Fish Farming Business Plan in Nigeria will be sent to your email.

You can also reach us via our email @ tradewithchapatt@gmail.com or via our whatsapp number @ 09066078526.

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