How to start a lucrative fish farming with as little as 10,000 naira today!

Considering its high nutritional intake,fish have become more popular in Nigerian families today. Currently,fish farming is increasingly becoming an attractive form of agriculture for many Nigerians especially young people. Starting A Fish Farm in Nigeria is one of the guaranteed way to make millions and even billions of Naira annually today.If you are armed with the right knowledge,Commercial fish business is a lucrative investment that can spin money at any time of the year continuously.

How to start a lucrative fish business

Consider capital:Fish farming business in Nigeria as a business can be started with as much amount of money as you have.In fact I recommend you start on a small scale and then grow with experience. As time goes by, you will be able to tackle the risks involved in the business system. Initial capital(10,000naira can be use to venture into fish farming) is needed for the construction of the pond, for acquiring land and buildings if it is not self owned,labour,licensing and equipment.Running costs includes cost of feeds,getting fingerlings,fuel/electricity.

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Construction of Ponds:Capital is very important in starting a business cause your capital determines the level and amount of things needed to put the business into good places, you can construct any of these ponds;

Earthen Pond:This is one of the traditional ways of putting fish ponds business into place during our forefathers era,Earthen pond involves  digging up the soil(usually clay)to create a pond.

Concrete Pond:Blocks are used to construct the pond above the ground level,using cement, gravel and sand.This sysyem is more likely to be expensive and requires more money cause of the building items involved,but it’s more of help than earthen pond cause it’s more of good during the flood era.

Fibre Pond:This involves the use of fibre tanks(e.g. GP tanks).The advantage of this pond is that it can be moved from place to place or geographical area to another area.

The following should be put into consideration when constructing your pond for your fish business:

Availability of constant water supply – This can be achieved by digging a borehole or well. Rain water can also be channeled into tanks.

Depth of the pond – Depth affects the oxygen level. The ideal depth is 4 to 6feet to be precise.
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A minimum of three ponds should be constructed in the area. Each pond for different sizes of fishes.

The pond should be close to steady power supply or else it might result to loss in the business.

Fish feed Pellet Equipment if needed

It should be noted that all livestock farming require feeding and if care is not taken it might result into loss, for all commercial fish farm, fish feed has become the most important nutritional source of fish growth. In the whole cost of running commercial fish farm, fish feed can occupy a large part because of the high price, average up to 50%-60%, some even up to about 70%. Therefore, lowering fish feed cost is very important for better economic benefits. Fortunately, by taking proper measurement and improving feed utilization efficiency, the high cost of fish feed can be decreased. Here, FANWAY provides several points to help decrease the fish feed cost, such as breeding superior quality fingerlings, keeping good water quality, preventing fish disease, feeding fish properly, ensuring fish feed nutrition, and most importantly, producing fish feed by your own via fish feed machine.

Here are favorable tips to help you successfully run your fish farming In Nigeria without loss of any fishes :

I will advise that a beginner starts with juvenile fishes instead of fingerlings.

Apply lime to the ponds before you introduce the fishes. Lime will kill all possible bacteria and reduce the acidic content of the water that can affect the fish.

Do not overcrowd the fishes.As you all know that human beings cannot live in a crowded place in which due to that it could result to suffocation likewise livestocks, 1000 catfishes per acre is recommended.

Though fish can survive in a wide range of temperature, the ideal water temperature is 85°. The temperature affects the rate of feeding in fish. They eat more in warm temperature.

Overfeeding should be avoided as much as possible. Unconsumed feed will decompose and pollute the water thereby affecting the survival and growth of the fishes.But if you have made that big mistake,it is not too late to change their water.

Feed fishes regularly as they tend to feed on themselves when they are hungry. At least twice daily,at most three times daily.

If you do not want to produce fish feed by own,you know as a starter I will advise you to buy feeds for the main time cause producing your feeds can also result into loss in the business line, please buy fish feed from reputable dealers as only quality feed should be used.

The pond should be kept clean at all times. Only clean and clear water should be used. Impurities reduce the oxygen level in the water. The water should be changed regularly.

Proper marketing arrangement should be made before the end of the growing season. Harvest size is usually determined by the buyer.

The farmer should be observant. Sudden behavioral changes can come up unexpectedly.

Things to consider before starting a fish farming business

*Market structure

*Marketing plan

*Business plan: It is advisable to draft your business plan in order to be able to make the business profitable and not run out of your hard earn money.

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