Start & Grow Your Fish Farming Business

Learn the essentials to begin a profitable Fish Farming Business

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Fish farming is a form of aquaculture in which fish are raised in enclosures to be sold as food. It is the fastest growing business area in animal food production. Today, about half the fish consumed in Nigeria are raised in artificial environments known as Fish Farms. Farmed species of fishes include Catfish, Tilapia, salmon, and lots more. The beauty of the fish farming business in Nigeria is that you do not have to nurture the fishes until adulthood before you can make some money from them; some individuals are out to buy the fingerlings from you, which mean you do not need to wait till the fishes become grown before you can start selling them.

Fish Farming has proved to be a money spinner for fish farmers as fish is always in high demand. This Is largely due to the fact that fishes are relatively cheaper and more affordable compared to other types of meat. Nigeria depends largely on the importation of fish to meet the present demand for fish in the country. Nigeria presently spends N288bn on Fish Importation annually. This creates opportunities for aspiring Fish Farmers in the country to meet up to the demand for fish in Nigeria.

Starting up a fish farming business is not difficult. With the right set of skills, information about the fish farming business and a little bit of business knowledge, you will be able to start making money from your fish business in no time. With a low budget start up capital of N50,000 you can become a fish farmer on your way to making profit.

Irrespective of the business model you choose to operate by, you can get your first set of customers from your family and friends. Building key relations and the right set of marketing activities will position you to attract and lock down the customer base you desire to have.

The amount of money you can make depends largely on a number of factors, That been said with the right business model and strategic plan, you can make a lot of money from fish farming. Nigeria presently spends 288 billion Naira on the importation of fish annually. You can position yourself to be a part of that demand.

Irrespective of your temperament, you can go into the fish farming business. You just need to carve out a niche for yourself and come up with a business model and plan to meet your demand.

With a starting capital of N50,000 and with the right guidance, you can be on your way to meeting a market that presently spends N288 billion on the importation of fish. The demand for fish is very high but the supply is still low. You can maximise this opportunity. Adding to this, is the low entry barrier faced in starting out this business.

Abdullahi Al-Hassan, a 300-level student of the University of Abuja, has always had a passion for agricultural engagements. Six years ago, Al-Hassan began translating that passion into a fish farm business. Today, the undergraduate fish farmer sits atop a fish farm he claims turns over N45 million annually

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