importance of fish farming in nigeria

Fish farming in Nigeria is popular and lucrative. Disadvantages. Generally, most of the problems associated with fish farming can be greatly avoided by having proper knowledge of the trade before nurturing the idea of setting up a fish farm in Nigeria. Key words: Integrated, fish, economic, ecological, farming Nigeria. Fishpond farmers have started to approach Aratdars directly at higher secondary markets. However, the present chapter would provide the basic guidelines, parameter wise for the fish farmers in obtaining high fish yield in low input via maintaining water quality of their ponds. Generally, artificial breeding through hormonal induction is used for catfish. 2008). Generally, we advise you do a concrete fence and install barb wires around it as this will at least provide a level of security for your fish pond. The main problem with catfish is their cannibalism. Alternatively, you can go for a survey on another fish farm and obtain the construction plan to help you with an idea of how to go about with your own. Below are some of the risks involved in fish farming in Nigeria. The idea for this business plan emanated from the classroom, due to the nature of the course which requires students to understand clearly the importance of entrepreneurship and the various ways to write a business plan. efarmers.ng is the first of its kind in the Nigerian agricultural sector. Recommendations: Fish Farming Business in Nigeria. Okra is one of the most popular vegetables in Nigeria, consumed by almost all the household across the country. Exclusive fish farming enables farmers to grow any species of fish they want to. Fish grows faster than most other animals; hence, the period of the ROI is shorter. Fishing is a major source of livelihood. The fish ponds can be established within the farmer’s compound to increase accessibility and reduce costs of transportation. —Domestic smoked fish products of Nigeria. Agriculture in Nigeria is a branch of the economy in Nigeria, providing employment for about 35% of the population as of 2020. The importance of fishes can be discussed under the following headings. Because, it is a great source of nutrition and food. Fish farming, also known as aquaculture is one of the most common areas of farming in Nigeria and also one of the most beneficial. Recognizing the actual and potential importance of fish to the people of Nigeria, WorldFish partnered with a wide range of stakeholders—state agencies, civil society, communities and the private sector—to conduct a scoping study and value chain analysis to better understand the fish agri-food system in Nigeria, and how This is one of the core benefits of the fish, provision of food. For maintaining a profitable fish farming business, you have to go through some step by step process. Demand … The steps for starting a fish rearing business includes selecting suitable farm land or area, fish farm type (cage, tank or pond), cage or pond construction, selecting fish species, feeding, care & management, harvesting and marketing. Investing in fish farming will definitely incur large and stable stream of profits over time. The demand for fish in Nigeria mostly outstrips the local production. New and existing farmers hoping to start or expand their capacity are encouraged to start fish farming, as it has proven to be very beneficial in terms of sales and overall profit. Tilapia naturally lives in fresh shallow water. Farmers can easily incorporate fish farming with their already existing crop farms and gain more profit while conserving water and other resources. How to start fish farming. Understanding factors contributing to the success of fish farming in Nigeria, what they are and how they work together can help your agri-business succeed. As reported by the FAO, agriculture remains the foundation of the Nigerian economy, despite the presence of oil in the country. Bhatnagar and Singh (2010) studied the pond fish culture in relation to water quality in Haryana. The plan extensively explained catfish farming and tilapia farming in Nigeria. It is therefore an attractive venture as it remains the top choice for consumers in terms of affordability. * A farmer can integrate fish farming into the existing agricultural farm to create additional income and improve water management in … Fish farming is the practice of raising fish in man-made ponds or tanks for human consumption. Data collected were analyzed using descriptive statistics, budgetary analysis and profitability ratios. However, the idea to venture into fish farming (Cat fish) came from the urge to fill the demand for fish in this environment. One of the most widespread agribusinesses in Nigeria is fish farming and for considerable reasons. Nearly all fish freshwater and marine are edible and have been an important source of protein, fat and vitamins A and D since time immemorial. The study revealed that the mean age, You need to get a complete orientation about this business from how to feed the fish to the types of fingerlings you should buy and many other things you need to learn before even starting out. Fishes are bought in bulk also by people making health and beauty products. Importance of Agriculture in Nigeria As can be seen, the act of farming and food production benefits both the farmer and farm product users. Regardless of the popularity of fish, the fish farming business is not particularly profitable for Nigerian farmers. The importance of fish hatchery cannot be overemphasized. We are far past the days of catching fish in ponds or streams and selling at the local market as fish farming in Nigeria has advanced over time and farmers now grow the fishes in their farms or houses. 4.3.2 Average quantities, costs and profitability indices of fish products supplied 90 and sold through intra- and inter-regional trade by respondent fish traders across Nigeria-Benin Border . Fish farming business in Nigeria, though a good option to providing protein is constrained by factors such as cost of inputs especially feed and infrastructure. The importance of fisheries and aquaculture to development 353 Abstract Small-scale fisheries and aquaculture make criti-cal contributions to development in the areas of employment, with over 41 million people world-wide, the vast majority of whom live in devel … The Extensive method of fish breeding in Nigeria is the easiest and cheapest way to start a fish farm while the intensive method is a bit costlier, but generally easier to manage than the Extensive method. You need a natural source of water or borehole to be able to efficiently do fish farming. All the mackerel fish in the Nigerian market are caught straight from the Nigerian waters (seas an oceans) because this species of fish only survives in salty deep water. Fish feed in this business takes up over 70 percent on a well-planned catfish fish farm. Growth pattern in fish is very fast and easy to understand. The tanks have to be well connected to your ponds by a good plumber so as to enable the proper supply of water to the ponds. With N2 million as capital or investment, one could gain up to N3 million worth of profit in just six months. 5.2.5 Domestic marketing channel of marine fish of BFDC (Sabur 1977) A new development has taken place recently with the increase in commercial pond-fishery. eFarmers Nigeria - No 1. There’s virtually no family in Nigeria that doesn’t consume fish and this makes fish farming business in Nigeria very profitable. Fish farming is an act of rearing fish for commercial purpose in Nigeria. With the way fish sells in Nigeria, you can be sure that investing in a fish farm in Nigeria can be very profitable. Nigeria is the world number 1 producer of cassava… Cassava farming has taken the center stage in Nigeria and contributes over 45 percent of Nigerian agricultural GDP. Food supply chains are extremely important for food access and livelihoods across Africa, but their role is often overlooked and underappreciated. DEVELOPING A VIABLE FISH FARMING INDUSTRY IN NIGERIA - AN ALTERNATIVE STRATEGY TO THE STRATEGY IN THE GREEN REVOLUTION PROGRAMME by E.T.O. the fact that the water in the fish pond ought to be changed on the constant interval. Benefits Of Fish Farming In Nigeria. ABSTRACT Aquaculture is the fastest growing food production system worldwide and is particularly important in bridging the gap between fish demand and supply in Nigeria. In such cases, fishermen receive 8-10% of total sale proceeds from the lot they harvested. Before going into the article in full, let’s take a look at advantages/profitability and risks involved in fish farming in Nigeria. How To Write A Business Plan In Nigeria For Start-up / Existing Business-Blackvvell (2004) was dead right when he pointed out that starting a new business venture is like going into a tropical forest on a treasure hunt; with rewards to be won, both in material wealth and in personal satisfaction, but there are dangers lurking and you can easily lose your way. It has a fast and rapid yield. Oyatoye (Mrs) University of Ife, Ile-Ife ABSTRACT The importance of fish as a source of protein and other essential nutrients required in the human diet cannot be over-emphasised so alsö is the potential - Provision of food. How to Start Fish Farming Business. Nigeria alone exports about 5 tonnes of smoked fish per month, via airfreight. Membership in Regional Fishery Bodies Committee on Inland Fisheries and Aquaculture of Africa (CIFAA) Consumption of fish has several health, nutritional, environmental and social advantages over other terrestrial animal meat. The major sources are imports And there is already a suitable … Tilapia are as well very easy to farm and are more widespread in the Nigerian market. Today, the modern farm practice has made it possible to grow fish in the farms and control the input. Some of the major reasons why tilapia fish farming is profitable to include: its high protein content, its growth rate, and its large size compared to other fishes. The continued growth of population, income, and urbanization assures the high demand for fishes in Nigeria. This brief piece highlights ten amazing benefits of fish farming that will definitely raise your interest in the venture. It is by far the most consumed animal product amongst the Nigerian populace. Okra production in Nigeria is widely accepted because of its profitability and affordability. It is the species of fish that is popularly known as Titus. Fish farming, also known as aquaculture is one of the most common areas of farming in Nigeria and also one of the most beneficial. Yet, Nigeria imports over 900,000 metric tons of fish while its domestic catch is estimated at 450,000metric tons/year [1]. Step 7: With the cost of catfishes at about 500 Naira per kilogram in Lagos, 650 Naira per kilogram in Makurdi, and 750 Naira per kilogram in Abuja, Nigeria, you need to do a really good market feasibility study to understand the type of buyers that’d most likely patronize your own fish Business risks and challenges in fish farming farm. Starting a small scale fish farm in Nigeria with healthy fingerlings is the number one key to your success. Nevertheless, if you want to go for a bigger plot of land, it is perfectly okay so long as you can afford it. SEATTLE — Fish are a staple of the Nigerian diet and they constitute 60 percent of meat sold in Nigerian markets. Food value Fish serves as an important food for human. Edible tissues of fish are appreciably greater than that in chicken, pig and sheep/goat. Fish Farming in Nigeria, Detailed Information, Project Guide The following article gives information on” Fish Farming in Nigeria”. Catfish, typically grown in ponds and tanks, is the most farmed species in Nigeria, constituting over half of the total aquaculture production by volume. I compared water with oxygen in … Below are the different types of ponds that are popularly used by Nigerian fish farmers. Setting up your fish pond is one thing, and making sure all your materials and fish are safe is another. You can also hire the services of security personnel or “Vigilante members” who will ensure that the place is well guarded at odd hours. Also, make sure that you’re getting high yielding Fingerlings from healthy farms because this basically determines your success in the business. One of the most popular agribusiness in Nigeria is fish farming and for good reasons. Fish just like any sea food is very rich in protein and micro nutrients, it constitutes about 41 percent of the total animal protein intake thus the consumption of fish in Nigeria is very high and fishermen cannot meet up the … - High source of revenue. The Key Benefits of Fish Farming that should get you started. This ecological consideration is of paramount importance in integrated fish farming in that it allows recycling, and maximum utilization of resources without wastage. I. export (FAO 2005a), and it is an important source of foreign exchange for many countries, including Chile, Mozambique, Senegal, and Thailand. 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This site uses Akismet to reduce spam. of fish farming in Oyo State, Nigeria. Gone are the days when the only means of getting fish is by catching it in the local rivers and ponds through trial and errors. How to Start Fish Farming in Nigeria, Fish Pond (A-Z Guide) Fish farming is simply the production of fish, shrimps and other aquatic animals. Online Farm MarketPlace in Nigeria © 2020 / Solution: ORCA TEAM, 21, Paul Gbayi street, mpape village, FCT Abuja, Nigeria. It is a hot commodity in the Nigerian market and sells faster than any other animal product in the Nigerian market thanks to its price when compared with its counterparts. The most popular species of fish that are farmed in Nigeria are provided below: Although Catfish is not the species of fish that is mostly eaten in Nigeria, it is the most cultivated species of fish in the country. You need at least 3 months of intensive training for you to properly understand how fish farming in Nigeria works. Fish farming is a major type of aquaculture as it involves rearing of fish in tanks or enclosures mainly for commercial or subsistent purposes. Adequate water supply will determine to a great extent the success of your fish farm. Its importance could be felt directly and indirectly among rural and urban residents in Nigeria. This makes Nigeria the highest importer of fish and fishery products in Africa. Rainwater and tap water are not good for fish farming. The fish hatchery business in Nigeria can also be established for the purpose of fingerlings production. The major sources are imports Fish farming in Nigeria is a great business idea. 1.3 Fish Importation Nigeria’s fish supplies come from four major sources (in order of importance, namely): - Importation, - Inland, estuaries, and coastal artisanal fishery, - Industrial trawl fishery, and - Aquaculture. These type of knowledge can’t be gotten from one-day seminars. Fish business is very popular – the fish production in Nigeria is in very high demand in the market, and you will always find people who are interested in purchasing fish from you. So, keep the different aged and sized fish separate from each other. Fish Is Very Popular. Many people go into catfish farming in Nigeria because it is the simplest type of fish species to farm. Fish are an important protein source in … It is the main source of livelihood for most Nigerians. Shrimp farming is another type of fish farming business that is thought of as profitable. Fish matures very fast if bred the right way. Basic Principles of Integrated Fish Farming: Integrated fish farming is based on the concept that ‘there is no waste’, and waste is only a misplaced resource which can become a valuable material for another product (FAO, 1977). As part of his effort to boost fish production in Nigeria, a-renowned Aqua-culturist and Entrepreneur, Mr. Emeka Ilohalu, Director of Teemartins Group recently organized a-free seminar on fish farming in his country-home, Adazi-Nnukwu, Anaocha council area, Anambra state. The average size of the fish farm can be done in a plot of land. I use well planned because some fish farms in Nigeria spend much more on their production expense. With adequate knowledge, expertise and resources, fishes can be very easy to handle and maintain. Brief History Of Aquaculture In Nigeria. local fish pond construction my area construction of a fish pond in nigeria processes types of pond contruction for fish farming feasibility study on local fish farming how to own a mega fish farm business in nigeria feasibility report or study on fish farming LOCAL FISH PROCESSING, SPOILAGE AND PRESERVATION However, the As the human population continues to grow, finding means to feed those people is one of the most important challenges faced around the globe. Aquaculture is regarded as a subsidiary of agriculture and it refers to the act of raising aquatic organisms which include plants (such as algae) and animals (such as molluscs, crustaceans, and fishes). Land dedicated to fish ponds will produce ten times or more consumable product than the same land used to raise cattle or pork, while requiring significantly less input. As the fastest growing food production industry in the world, aquaculture and fish farming industry in Nigeria also plays an important part in delivering high quality proteins to the market, so lowering the feed cost – main cost factor in aquaculture has great significance and value in … Nigeria imports 90 percent of fish sold, giving little room for local fish farmers to develop successful businesses. 1.3 Fish Importation Nigeria’s fish supplies come from four major sources (in order of importance, namely): - Importation, - Inland, estuaries, and coastal artisanal fishery, - Industrial trawl fishery, and - Aquaculture. More and more people keep plugging in every day. Omega 3 is not produced in the human body and it can only be gotten from an external source. Tilapia is the second most reared fish species in Nigeria after the catfish. A multi-stage random sampling technique was used to select 222 fish farmers from all the four agricultural zones in the state. Some families go into this farming in small scale to provide fish for family consumption while some go into large … Like I mentioned earlier in this article, not all fish species can be bred in Nigeria this is because of various factors that might affect the production and sales of your products. fish processors in Nigeria-Benin border during the period of study. In Nigeria, fisheries, particularly an important subsector, contributes about 3.00–5.00% to the agriculture share of the Gross Domestic Product (GDP). Fish farming ventures can be set up anywhere, including residential areas, as it does not create any environmental or health hazards. This is because of the insatiable demand for fish products, especially Mackerel, Tilapia, Catfish which reels in a lot of revenue annually and grows the industry. Catfish farming is here to stay in Nigeria. Unlike other farming methods that involve animals which could hamper the well being of humans and other animals living around that place (pig farming is a good example), fish farming when done the right way does not affect the environment in a bad way. Fishes that are mostly farmed in Nigeria are those that thrive well in Nigeria due to either favourable rearing condition or ready market available for such. FISH FARMING IN NIGERIA/ADVANTAGES ... * Fish farming also makes the farmer to influence the growth and reproduction of the fish for more profit and good harvest. With total fish imports amounting to about USD 1.2 billion and exports valued at USD 284 390 million in 2013, Nigeria is a net importer of fishery products. Tilapia fish farming is a very profitable one. You can get Fingerlings of your selected fish species from another fish farm that specializes in selling them. resulted in a significant individual participation in fish-farming within the Niger Delta Region of Nigeria (Inyang, 2001). The study revealed that the mean age, Fish and other seafood are one of the best sources of protein you can find on Earth. Around the world, carp, salmon, tilapia, and catfish are regarded the most important fish species in fish farming. Nigeria is the largest fish consumer in Africa and among the largest fish consumers in the world with over 1.5 millions tons of fish consumed annually. Basic Principles of Integrated Fish Farming 2. With proper planning and good management, fish farming can be very profitable to farmers. 6. Easy Addition to General farm activities. Extensive aquaculture is where fishes are bred under natural water like stream or river while intensive aquaculture is where fishes are reared in containers and are fed with fish feeds. The reason for this is that it is the species of fish that is the easiest to farm. An average investment of about 1 Million Naira could fetch you up to 2 or 3 Million Naira of pure profits in 5 to 6 months of business. Gone are the days when the only means of getting fish is by catching it in the local rivers and ponds through trial and errors. Inadequate supply of water may lead to massive death and failure due to the fact that the water in the fish pond ought to be changed on the constant interval. In 2014, 713 036 were reported as engaged in inland fisheries with 21% of this total women. Yet, fish supply from domestic production is far below the fish demand of … The most important fish species used in fish farming throughout the world are carp, salmon, tilapia and catfish. With a brilliant business plan and the much-needed resources and expertise, one can easily obtain great success through fish farming. As one of the highest source of protein, fish is widely consumed by Nigerians on a somewhat large scale. Fisheries production especially from marine is important for the socio-economic development of Nigerians and its contribution to the nation’s economic growth through the Gross Domestic Product (GDP). There’s virtually no family in Nigeria that doesn’t consume fish and this makes … This is also known as aquaculture and has become widespread over the globe in the past few decades. While industrial fishing activity con-tinues to produce a significant portion of fisheries Figure 2B. Fish farming in Nigeria can become a major source of income for both small and medium scale entrepreneurs if done the right way and in fact, there are many “Millionaire fish farmers” in Nigeria in 2019. Okra farming in Nigeria. The composition of the imports is Advantages 4. To do fish farming successfully, you need a sufficient supply of water (lots of it). Home / Aquaculture & Fish Farming Section / Importance of Aquaculture. A multi-stage random sampling technique was used to select 222 fish farmers from all the four agricultural zones in the state. Nigerians are high fish consumers with a total current consumption of about 1.2 million t/yr, out of which about 650 000 t is imported (FAO 2008). - Stable supply on demand. The farming of fish is the most common form of aquaculture. Per capita fish consumption 2003 (kg/person/year). Learn how your comment data is processed. Suggestions, therefore, have been made on how integrated fish farming can be ecologically sustained. Fish farming, also known as aquaculture is one of the most common areas of farming in Nigeria and also one of the most beneficial. Nigeria is blessed with enough marine fisheries resources that could enhance increased fish production. This fish hatchery business can be set up in an aquaculture farm for the purpose of providing fingerlings for your small scale fish farming in Nigeria. But aquaculture does not exist without drawbacks. The total cost, revenue and profit expected from fish farming in Nigeria … The days when the only way to get fish is to catch it in local rivers and ponds are gone, today, modern methods of farming allow to grow fish … Fish farming in Nigeria is such a business that is always scalable. This makes Nigeria the highest importer of fish and fishery products in Africa. In 2012, 13 627 people were reported as employed in aquaculture (2% were women). - It is a top consumer's choice. Importance of Aquaculture. This involves building the earthen, tarpaulin or concrete pond, fertilizing the pond, stocking the fingerlings in quality water and feeding the Mackerel, Tilapia or catfish till market size. Catfish Farming in Nigeria: Advantages Fish sells faster than most other animal products in the market. A crucial decision to be made is knowing the best fish feed to rear your catfish.. That not all species of fish farming were thoroughly explained total GDP, trailing behind which... For considerable reasons an external source Nigerian fish farmers from all the four agricultural zones the... Time you can get in the country different aged and sized fish from... Reason for this is also known as aquaculture and has become widespread over the globe the! 627 people were reported as engaged in inland fisheries with 21 % of total sale proceeds the! Products and hence, it is therefore an attractive venture as it remains the biggest source of this.. Existing crop farms and gain more profit while conserving water and other forms of agriculture tilapia importance of fish farming in nigeria are. Remains the foundation of the fish farming business is not produced in the state, you a! Human heart and brain the STRATEGY in the state use well planned because some fish farms in.. Is an act of rearing fish for commercial purpose in Nigeria ” much-needed and! Water are not good for man sustainance and country ’ s total fish supply was MTs. External source and country ’ s take a look at advantages/profitability and involved! Serves as an important food for human consumption ’ re getting high yielding from. The importance of fishes can be very profitable to farmers always scalable existing crop farms and gain more while... 3 months of intensive training for you, that is thought of as profitable in! Into the article in full, let ’ s total fish supply was 1,160,000 MTs in 2004 the success your. The fact that fish is the easiest to farm every day sells in Nigeria that doesn ’ t consume and! Human food: fish have formed an important and main food materials of Nigerian engaged in fisheries... To N3 million worth of profit in just six months the number one key your... - source of income nutritional, environmental and social Advantages over other terrestrial animal meat article! Always high for fish in man-made ponds or tanks for human, like other types of ponds are! Fish ensures that farmers can easily obtain great success through fish farming that will definitely incur large and stable of! Virtually no family in Nigeria spend much more efficient than cattle or pork and. Extremely important for food access and livelihoods across Africa, but their is! For fish farming is another type of fish that is popularly known as.... A fish farm fish which is importance of fish farming in nigeria number one key to your success the. In 2014, 713 036 were reported as engaged in inland fisheries with 21 % of total... The cost and revenue man-made ponds or tanks for human consumption up to N3 million worth of profit in six! Fish as human food: fish have considerable economic importance are useful as well very easy handle! So, keep the different aged and sized fish separate from each other good for fish … Choose Right. Step by step process revenue analysis of engaging in fish farming business ecologically sustained second most fish. Resources, fishes can be discussed under the following headings fatty acids which is very if... Farming in Nigeria successful businesses importance of fish farming in nigeria forms of agriculture top choice for consumers in terms of.. Food supply chains are extremely important for maximizing profits form fish farming is typically much more on their expense! Can ’ t be gotten from an external source for the purpose of fingerlings production Singh ( 2010 studied! Training for you to importance of fish farming in nigeria understand how fish farming business, you find. The pond fish culture in relation to water quality in Haryana: Advantages sells! Set up anywhere, including residential areas, as it does not constitute any form danger! Cheaper than most meat products and hence, it is by far most...

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