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This has attracted the attention of entrepreneurs, and in order to establish a thriving fish farming business, a good fish farming business plan is necessary.A vital section of this document is the fish farming business plan executive summary section, which summarizes the entire document.
There's high demand for fish products, such as Tilapia, Catfish, and Mackerel (salmon) in Nigeria that continually stimulates sustainable growth and expansion of the industry. With correct planning and good management, you can easily get N4 million of pure income within half of a year.
There is so much information on the Internet about how to start fish farming in Nigeria, and we've tried to make this article as detailed and informative as possible to help you to build a fish farming business starting from the very beginning. Business plan for fish farming in Nigeria You can't run a business without having a plan.
Fish production is a very dynamic type of business.
Fish farming in Nigeria is a lucrative business that is popular in various parts of the country.
You can create such a plan on your own or ask for expert's help.
Write down a complete description of what you want your business to be like.The objective of commercial fish farming is to produce fish for sale and earn profits. – number of pond(s), size of pond(s), water for production (quantity, quality, flow rates), feeds, labour, seed, etc. From where and when should I source my seed and feed? Therefore, production should be planned from the onset to target identified markets. have the required product (size and form) available when the market wants it, 2. – its location, what category of people are likely to buy the fish I produce, etc 2. – type of fish, how much, what size, how frequently, fresh or processed, etc. Set goals, consider all the issues you have to solve like how much you'll pay for renting land and how much you'll spend on building ponds and fish breeding, then compare this total to the amount you want to earn and think over how much fish you can breed and sell to achieve your goals.You need to hire an experienced pond construction engineer or you can also go to another fish farm to get specifications and design requirements.The plumbing work must be done correctly by an expert to ensure the correct construction. Wells Good water supply is the lifeblood of fishing, and its absence can lead to disaster since water needs to be regularly changed.Naturally available water sources, such as borehole and river water, are the most suitable.We believe that a naturally grown healthy fish is the best product for market.The fish farming industry is a thriving one where a lot of opportunities for investment are available.A business plan is a necessary tool for creating a proper image of your future production.It helps to set goals and find ways to achieve them.