Fish farming business is a highly profitable business that can guarantee you a long term income in Nigeria. You can make millions of naira annually from fish farming business if you are well equipped with the right knowledge or information.
Fish farmers in Nigeria are so rich because their products are what we consume on daily bases and so that made the business so lucrative among other business. Another thing that made fish farming so lucrative is that, any money invested on it can be recovered within 3 months because it doesn’t take more time to harvest.
Requirements for setting up a fish farming business
There are some things that are very essential you need before you can set up a successful fish farming business in Nigeria.
==> Fish pond or pool tank: You need to construct a fish pond or a pool tank for your fish so as to accommodate them. Earthen fish pond with at least the depth of 4 – 5 fts and width of 10 by 10 fts can be constructed with N150,000 inclusive of the net that will be at the top. But if you can’t afford that at a start, you can use a drum or tank and cut it to 4 – 5 fts dept to start your business. The only difference is that the quantity of your fish will not be much. The 10 by 10 fts pool usually contain up to 1000 fishes.
==> Source of water: When you have prepared the pond, the next thing is to get a clean source of water that will be linked to the fish pond. The water should be treated and free from any micro organisms like bacteria that can cause illness to the fish. You should also ensure that the water source is very close to the pond.
==> Fishes: There are numerous species of fishes, but the most common and profitable fish to rare is the cat fish. You can get as much as you want to rare and when the time of harvest reaches, they can easily be sold. The fingerling size cost N100 each (at the time of publishing this post) in Enugu and sold at the rate of N800 to N850 after 3 months that they must have grown.
==> Feeds: At the start up of your fish farming business, you should commence with imported feeds like Coppens or Ziegler. After a month and two weeks, you can start making local feeds for them in order to reduce the cost of production.
How to rare your fish for better production
For you to be successful in fish farming business, there are so many things you need to do so as to achieve your goal.
==> Sorting: Ensure you always sort your fishes according to their sizes in order to avoid the bigger once eaten up the smaller once. This is very necessary in fish farming because if you fail to do so, you will end up losing in the business.
==> Changing of water: You should always change their water every 3 to 4 days so as to avoid diseases or infections. While changing the water, you should make sure it’s not done immediately after feeding them because it will make them to vomit.
==> Feeding mood: Don’t over feed your fish because when you do, the remnants will be left in the water and that could cause disease or infections. It will also increase your cost of production too.
==> Treatment: Make sure you always treat your fishes against fungi, bacterial and viral diseases. These are the most common diseases associated with fishes.
==> Study the behaviors of your fishes as well as their body: When you discover that any of your fish has swollen belly, bruises on their skin, change in color and eyes popping out, you should know that the fish is not healthy. At this stage, you should treat them and always give them supplements like Livestovit and Aquapro to prevent diseases. These supplements enhances the growth of your fishes too.
Reason why you should go for fish farming business
- It’s less capital intensive.
- It can be managed by one or two people.
- It is highly profitable.
- It doesn’t require long time to harvest.
Fish farming is very profitable in Nigeria. It’s a business you should consider giving a trial because the rate at which it sells is much. Imagine when you buy a fish at the rate of N100 and sell N800 to N850 after 3 months, how much do you think you will make if you should do that consecutively for 1 year?