The farming of fish is the most common form of aquaculture. It is the main source of livelihood for most Nigerians. All Rights Reserved. Its importance could be felt directly and indirectly among rural and urban residents in Nigeria. Fish are an important protein source in … Fishes are bought in bulk also by people making health and beauty products. local fish pond construction my area construction of a fish pond in nigeria processes types of pond contruction for fish farming feasibility study on local fish farming how to own a mega fish farm business in nigeria feasibility report or study on fish farming LOCAL FISH PROCESSING, SPOILAGE AND PRESERVATION However, the Easy Addition to General farm activities. Home / Aquaculture & Fish Farming Section / Importance of Aquaculture. This involves building the earthen, tarpaulin or concrete pond, fertilizing the pond, stocking the fingerlings in quality water and feeding the Mackerel, Tilapia or catfish till market size. the fact that the water in the fish pond ought to be changed on the constant interval. In 2014, 713 036 were reported as engaged in inland fisheries with 21% of this total women. Like the name says, a water reservoir is basically a tank (can be overhead) that helps you to store the water which will be supplied to your ponds (artificial or natural). The study revealed that the mean age, Besides that, it’s a development of the agricultural part of the country’s economics and this fact makes fish farming even more important and valuable. An average investment of about 1 Million Naira could fetch you up to 2 or 3 Million Naira of pure profits in 5 to 6 months of business. Consumption of fish has several health, nutritional, environmental and social advantages over other terrestrial animal meat. How To Write A Business Plan In Nigeria For Start-up / Existing Business-Blackvvell (2004) was dead right when he pointed out that starting a new business venture is like going into a tropical forest on a treasure hunt; with rewards to be won, both in material wealth and in personal satisfaction, but there are dangers lurking and you can easily lose your way. This means that demand for this product is mainly stable all year round and since fishes grow rapidly, there will always be enough to supply. Nigerians are high fish consumers with a total current consumption of about 1.2 million t/yr, out of which about 650 000 t is imported (FAO 2008). We are far past the days of catching fish in ponds or streams and selling at the local market as fish farming in Nigeria has advanced over time and farmers now grow the fishes in their farms or houses. This study was carried out to determine factors affecting aquaculture fish seed Some of the major reasons why tilapia fish farming is profitable to include: its high protein content, its growth rate, and its large size compared to other fishes. It is the species of fish that is popularly known as Titus. Basic Principles of Integrated Fish Farming: Integrated fish farming is based on the concept that ‘there is no waste’, and waste is only a misplaced resource which can become a valuable material for another product (FAO, 1977). The importance of fishes can be discussed under the following headings. Fish farming is the practice of raising fish in man-made ponds or tanks for human consumption. In Nigeria, many people often assume aquaculture is the variant form of fish farming and when aquaculture happens […] Key words: Integrated, fish, economic, ecological, farming Nigeria. Fish Farming in Nigeria, Detailed Information, Project Guide The following article gives information on” Fish Farming in Nigeria”. Types of Integrated Fish Farming 3. While industrial fishing activity con-tinues to produce a significant portion of fisheries Figure 2B. New and existing farmers hoping to start or expand their capacity are encouraged to start fish farming, as it has proven to be very beneficial in terms of sales and overall profit. It is known that fish is an important and main food materials of Nigerian. How to start fish farming. Like I mentioned earlier in this article, not all fish species can be bred in Nigeria this is because of various factors that might affect the production and sales of your products. Nigeria alone exports about 5 tonnes of smoked fish per month, via airfreight. * A farmer can integrate fish farming into the existing agricultural farm to create additional income and improve water management in … Source: FAO … TheNigerianInfo is a Nigerian website that was created to help you get valuable, relevant and trusted information on the internet about any topic relating to Nigerians. The steps for starting a fish rearing business includes selecting suitable farm land or area, fish farm type (cage, tank or pond), cage or pond construction, selecting fish species, feeding, care & management, harvesting and marketing. 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Fish is relatively cheaper than most meat products and hence, it sells faster. This is also known as aquaculture and has become widespread over the globe in the past few decades. Fish growth rate and yields from fish ponds can be greatly increased through emphasizing adequate management techniques, steps, and procedures that would enhance maximum productivity. Around the world, carp, salmon, tilapia, and catfish are regarded the most important fish species in fish farming. Another vital thing to be noted is that not all species of fish can be reared in Nigeria. Membership in Regional Fishery Bodies Committee on Inland Fisheries and Aquaculture of Africa (CIFAA) More and more people keep plugging in every day. In 2012, 13 627 people were reported as employed in aquaculture (2% were women). The composition of the imports is This way they are able to control output and revenue. - Stable supply on demand. Because of these conditions, the species of fish that are mostly reared commercially by most Nigerian fish farmers are salmon, tilapia and catfish. Basic Principles of Integrated Fish Farming 2. The major sources are imports fish processors in Nigeria-Benin border during the period of study. So, keep the different aged and sized fish separate from each other. Nearly all fish freshwater and marine are edible and have been an important source of protein, fat and vitamins A and D since time immemorial. And the demand of catfish is increasing rapidly. Nigeria is blessed with enough marine fisheries resources that could enhance increased fish production. Tilapia is the second most reared fish species in Nigeria after the catfish. Tilapia fish farming is a very profitable one. Edible tissues of fish are appreciably greater than that in chicken, pig and sheep/goat. Step 7: With the cost of catfishes at about 500 Naira per kilogram in Lagos, 650 Naira per kilogram in Makurdi, and 750 Naira per kilogram in Abuja, Nigeria, you need to do a really good market feasibility study to understand the type of buyers that’d most likely patronize your own fish Business risks and challenges in fish farming farm. Food value Fish serves as an important food for human. As the human population continues to grow, finding means to feed those people is one of the most important challenges faced around the globe. The idea for this business plan emanated from the classroom, due to the nature of the course which requires students to understand clearly the importance of entrepreneurship and the various ways to write a business plan. Many people go into catfish farming in Nigeria because it is the simplest type of fish species to farm. Alternatively, you can go for a survey on another fish farm and obtain the construction plan to help you with an idea of how to go about with your own. Tilapia naturally lives in fresh shallow water. Fish feed in this business takes up over 70 percent on a well-planned catfish fish farm. With a brilliant business plan and the much-needed resources and expertise, one can easily obtain great success through fish farming. Get an expert to build the fish pond for you. Setting up your fish pond is one thing, and making sure all your materials and fish are safe is another. Oyatoye (Mrs) University of Ife, Ile-Ife ABSTRACT The importance of fish as a source of protein and other essential nutrients required in the human diet cannot be over-emphasised so alsö is the potential One of the most popular agribusiness in Nigeria is fish farming and for good reasons. Hence, to maintain a constant supply of stocking materials for a fish farm, farmers resort to hatcheries to provide an all year round supply of stocking material. Today, the modern farm practice has made it possible to grow fish in the farms and control the input. The most important fish species used in fish farming throughout the world are carp, salmon, tilapia and catfish. Fish farming ventures can be set up anywhere, including residential areas, as it does not create any environmental or health hazards. Benefits Of Fish Farming In Nigeria. Okra farm is easy to set up, cultivate, it requires less technicality compare to other vegetables, okra is not prone to pest and diseases. This is to see if it will be possible to rear the tilapia fish commercially in Nigeria. Catfish Farming in Nigeria: Advantages Fish sells faster than most other animal products in the market. ABSTRACT Aquaculture is the fastest growing food production system worldwide and is particularly important in bridging the gap between fish demand and supply in Nigeria. As one of the highest source of protein, fish is widely consumed by Nigerians on a somewhat large scale. Selecting suitable fish species is very important for maximizing profits form fish farming business. A crucial decision to be made is knowing the best fish feed to rear your catfish.. You need to get a complete orientation about this business from how to feed the fish to the types of fingerlings you should buy and many other things you need to learn before even starting out. Fish farming, also known as aquaculture is one of the most common areas of farming in Nigeria and also one of the most beneficial. Food supply chains are extremely important for food access and livelihoods across Africa, but their role is often overlooked and underappreciated. Fish can be reared in any location because does not constitute any form of danger to the environment or the people living around. Agriculture in Nigeria is a branch of the economy in Nigeria, providing employment for about 35% of the population as of 2020. Below are some other materials you’ll be needing to start your fish pond in Nigeria. Fish as Human Food: Fish have formed an important item of human diet. of fish farming in Oyo State, Nigeria. The main problem with catfish is their cannibalism. Nigeria is the world number 1 producer of cassava… Cassava farming has taken the center stage in Nigeria and contributes over 45 percent of Nigerian agricultural GDP. Regardless of the popularity of fish, the fish farming business is not particularly profitable for Nigerian farmers. You need at least 3 months of intensive training for you to properly understand how fish farming in Nigeria works. The Extensive method of fish breeding in Nigeria is the easiest and cheapest way to start a fish farm while the intensive method is a bit costlier, but generally easier to manage than the Extensive method. The fact that fish is the cheapest form of protein you can get in the Nigerian market makes it extremely marketable in the country. The plumbing work must be properly done to ensure proper drainage of the water when it needs to be changed. With N2 million as capital or investment, one could gain up to N3 million worth of profit in just six months. Fish farming is typically much more efficient than cattle or pork production and other forms of agriculture. Starting a small scale fish farm in Nigeria with healthy fingerlings is the number one key to your success. resulted in a significant individual participation in fish-farming within the Niger Delta Region of Nigeria (Inyang, 2001). With adequate knowledge, expertise and resources, fishes can be very easy to handle and maintain. - High source of revenue. Data collected were analyzed using descriptive statistics, budgetary analysis and profitability ratios. This characteristic of fish ensures that farmers can harvest and sell in a very short period of time. The Key Benefits of Fish Farming that should get you started. A multi-stage random sampling technique was used to select 222 fish farmers from all the four agricultural zones in the state. Fish farming in Nigeria is a great business idea. Fish farming also gives farmers the opportunity to employ various feeding methods in order to increase the yield of their fish. Recommendations: Fish Farming Business in Nigeria. This feature of fish farming is probably one of the most important because it allows many Nigerians to earn money even if they don’t have any higher education or a particular profession. Land dedicated to fish ponds will produce ten times or more consumable product than the same land used to raise cattle or pork, while requiring significantly less input. How to Start Fish Farming Business. Nigeria is the largest fish consumer in Africa and among the largest fish consumers in the world with over 1.5 millions tons of fish consumed annually. Some families go into this farming in small scale to provide fish for family consumption while some go into large … Fish business is very popular – the fish production in Nigeria is in very high demand in the market, and you will always find people who are interested in purchasing fish from you. Fish farming, like other types of farming, offers a plethora of benefits that can help and the environment 1. As the fastest growing food production industry in the world, aquaculture and fish farming industry in Nigeria also plays an important part in delivering high quality proteins to the market, so lowering the feed cost – main cost factor in aquaculture has great significance and value in … Therefore, there is the need to come up with measures to reduce the cost of fish feeds without reducing efficacy of the feeds. Importance of Agriculture in Nigeria As can be seen, the act of farming and food production benefits both the farmer and farm product users. You need a natural source of water or borehole to be able to efficiently do fish farming. This is one of the core benefits of the fish, provision of food. Okra production in Nigeria is widely accepted because of its profitability and affordability. Inadequate supply of water may lead to massive death and failure due to the fact that the water in the fish pond ought to be changed on the constant interval. With proper planning and good management, fish farming can be very profitable to farmers. Below are the different types of ponds that are popularly used by Nigerian fish farmers. Useful Fishes: 1. Nigeria imports 90 percent of fish sold, giving little room for local fish farmers to develop successful businesses. With total fish imports amounting to about USD 1.2 billion and exports valued at USD 284 390 million in 2013, Nigeria is a net importer of fishery products. To do fish farming successfully, you need a sufficient supply of water (lots of it). Data collected were analyzed using descriptive statistics, budgetary analysis and profitability ratios. Omega 3 is not produced in the human body and it can only be gotten from an external source. Understanding factors contributing to the success of fish farming in Nigeria, what they are and how they work together can help your agri-business succeed. The plan extensively explained catfish farming and tilapia farming in Nigeria. 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