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.

Please kindly comment about our post below ,if it has helped you positively or otherwise.

Thanks for taking your precious time to read our article.

               

How to start a lucrative snail farming with small capital!

Snail farming is one of the top interesting and lucrative business in Africa and other continents.

West Africa is home to the largest species of land snail in the world. The Giant African land snail (Achatina species), is known to grow up to 30cm in length and can be found in the dense tropical rain forests across the region from Guinea, Liberia, Sierra Leone, Ivory Coast,cameroon Ghana to Nigeria and other African countries.
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For decades of years, Africa’s appetite for snails has been served through traditional means. Snails handpicked from the bush (usually in the dead of the night) have been the only way to get snails to the market and dinner table.in some part of African countries snail are also use as a means to cure illnesses.

However, as Africa’s population explodes and our forests continue to be sacrificed to build cities, the (bush) supply of snails cannot keep up with the soaring demand.In some area in Nigeria snail will give way to scarcity due to the level of environmental development,such area like:Lagos state,Abuja(Fct).

This has created an opportunity in the market for snail breeders and farmers who now cultivate these interesting creatures on small farms and in their backyards for impressive profits or for their own consumption.

Let’s find out how fast these slow animals can yield huge profit….

First, the impressive success story of an African snail farmer…

Snail farming is a niche and unusual business which it has not been part of the competitive market and successful snail farmers in Nigeria are enjoying the huge rewards of this lucrative and profitable business..

Snails are a great delicacy, and for good reason too…

Snails are  huge part of the diet in many parts of Africa,especially a country like Nigeria ,although they are not always affordable and available all year round. Their high protein, low fat and cholesterol content make them a nutritional favourite.Snails values has fade away due to the westernized system in the African countries.Some years before the colonization period ,snails are use for preparing delicious African’s meals but today,It’s no more.

Snails contain almost all the amino acids needed by the body and most of its by-products are used for cosmetics and medicines.

As our population becomes more interested in healthier living and low-cholesterol diets, snails will become a popular alternative to to all the fatty and non-healthy meats that flood our markets nowadays. They are much cheaper than red meat with greater health benefits on top!

Snails have, for a long time, been a popular and recurring item on the menus of hotels, restaurants and bars where they often feature as boiled, fried and spiced kebabs. They are also a great addition to soups and stews which are a significant part of most  African dishes.

Market Opportunities for Snail Farming in Africa

Most of the snails supplied to the African market are gathered from bushes and forests during the rainy season (usually between April and September).

Because snails are very dormant during the dry season, they become increasingly scarce during this period and the market is starved of adequate supply until the next wet season. This makes the supply of snails very seasonal in many parts of Africa where they serve as food.

As a consequence, snails can fetch much higher prices during the dry season (December to March) when supply often does not keep up with demand.

Snails may go on break during the dry seasons but the human appetite for its taste always remains, and continues to grow throughout the year. And to think that several festivities take place during the dry season (Christmas et al), makes this a first choice agribusiness.

Due to steadily growing demand from customers, hotels and restaurants are always in need of snail delicacies on their menus. And given the significant upside to the profits that can be made, it makes a lot of sense to take maximum advantage of this market when the supply of snails is significantly short.

There is also growing demand in Europe for giant African snails. Apart from their great taste, many people abroad like to keep them as pets and keepsakes due to their sheer size (I was surprised too!). But never mind, you are likely to be very busy satisfying the local demand to bother about exports.

However, it’s still good to know that such foreign market opportunities exist for this small business. If you’re interested in exports, you could read up the 
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Success tips for aspiring Snail farming in Africa

As a newbie in the snail farming industry, your primary goal should be to take advantage of the seasonality of this market in order to gain premium prices for your snails in order to yield profitable income. Target the high-end customers (hotels, restaurants and households,supermarket) who can afford to pay a premium for a steady supply of the product.

If you supply all year round, you are likely to earn lesser during the rainy seasons (when supply is in abundance) and more in the dry seasons (when the product is scarce).

You could buy cheaply from the villages and other remote areas and if you live in a rural area where there are bushes you can go for hunting,I guess that will reduce your capital intensive intake into the business, while the supply is up during the rainy season and maintain a healthy stock of large snails that you can unleash on your customers when supply falls in the dry season.

But to achieve this, there is a very important condition. The size of your snails must be large and ‘intimidating’ enough to command a premium (high) price.

For this to happen, you must start your snail farm with the right species (the Giant African type) and ensure that you apply proper breeding, stocking and feeding practices to achieve the huge sizes that will make you a highly sought after supplier.

If your snails are bred well, they should start to reach market size from six to twelve months, although some farmers like to leave theirs for much longer period in order for them to make profit during the dry season towards december, more than 90 percent of the snails supplied to our local markets are picked from the forests. While this has been the traditional supply source, our growing population and rising rural to urban migration rates make it unsustainable.
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An artificial intervention like snail farming is the only way to satisfy the growing demand.  And as long as a huge chunk of the market depends on snails captured in the wild, nobody can assure a steady and consistent supply of large snails like a farmer who breeds snails in his/her backyard!

Some things you should consider before you start a snail farm…

In terms of cost and time and management structure, snail farming is a low risk business. Unlike many other livestock businesses, snail farming requires very little startup and operating costs but requires a cool temperature environment for their sustainability.

It can be run from your backyard,abandoned area (if you have a sizeable one) or on that piece of land wasting away in your neighbourhood or village.If you do not have a good space ,you can rent some spaces that you can afford without going to bankruptcy .

Snails are friendly to the environment and their droppings are not offensive (unlike pigs and poultry which the neighbours are most likely prone to complain about their smell) so there’s no chance an angry neighbor will come knocking.

Snails also multiply really fast laying up to 100 eggs in one go. Because snails are hermaphrodites (have both male and female sexual organs), they get to mate easily throughout the year. This high reproduction rate has made snails a pest in many regions of the world.

However, it’s this fast reproductive ability that makes these slow creatures a delight to an entrepreneur. Snails can give very high returns on your initial investment if you do your homework well and target niche and repeat customers.

How to merge your office job with snail farming

If you are into a white colars job and you are being worried about merging the two together,yes!,you can,you have to create a time management system in which you minimize wasting your precious time.

Pending the time it becomes big before you can employ someone to assist you,starting a business newly,you do not have to employ anyone cause business is of two sides,either positive or negative.Do not forget that as an entrepreneur you have to take risk.

Please if our articles are of help,kindly comment below.