How to Start Fish Importation Business in Nigeria: The National Fish Demand in Nigeria, With a national fish demand of around 2.1 million metric tons per annum and a domestic production estimated at around 800,000 metric tons, Nigeria has a shortage of around 1.3 million metric tons. Importance of Aquaculture. The fish ponds can be established within the farmer’s compound to increase accessibility and reduce costs of transportation. This way they are able to control output and revenue. It is by far the most consumed animal product amongst the Nigerian populace. I compared water with oxygen in … by GLAF | Mar 27, 2019 Aquaculture also known as Fish farming, is one of the most common areas of farming in Nigeria … Omega 3 is not produced in the human body and it can only be gotten from an external source. This feature of fish farming is probably one of the most important because it allows many Nigerians to earn money even if they don’t have any higher education or a particular profession. Fish farming is an act of rearing fish for commercial purpose in Nigeria. Select those breeds, which have a huge demand and high price in your local market. And there is already a suitable … The popularity of fish products amongst the Nigerian populace makes it extremely easy to sell. Tilapia are as well very easy to farm and are more widespread in the Nigerian market. Nigeria is blessed with enough marine fisheries resources that could enhance increased fish production. You need a natural source of water or borehole to be able to efficiently do fish farming. To do fish farming successfully, you need a sufficient supply of water (lots of it). This site uses Akismet to reduce spam. Edible tissues of fish are appreciably greater than that in chicken, pig and sheep/goat. 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. Fish farming in Nigeria is popular and lucrative. A crucial decision to be made is knowing the best fish feed to rear your catfish.. Data collected were analyzed using descriptive statistics, budgetary analysis and profitability ratios. Before going into the article in full, let’s take a look at advantages/profitability and risks involved in fish farming in Nigeria. of fish farming in Oyo State, Nigeria. How to start fish farming. Regardless of the popularity of fish, the fish farming business is not particularly profitable for Nigerian farmers. Home / Aquaculture & Fish Farming Section / Importance of Aquaculture. Therefore, there is the need to come up with measures to reduce the cost of fish feeds without reducing efficacy of the feeds. Yet, Nigeria imports over 900,000 metric tons of fish while its domestic catch is estimated at 450,000metric tons/year [1]. So, keep the different aged and sized fish separate from each other. The methods of fish farming in Nigeria are through extensive and intensive aquaculture. 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. Okra farming in Nigeria. Generally, we advise that you get an affordable piece of land which you can pay for without tampering with the funds meant for purchasing other items/services for your new fish farm. - High source of revenue. Basically, a Fingerling is a juvenile fish which is needed to start any fish farm. Fishes are bought in bulk also by people making health and beauty products. Creation of Employment. fish processors in Nigeria-Benin border during the period of study. Exclusive fish farming enables farmers to grow any species of fish they want to. 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 … 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. 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. 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. A multi-stage random sampling technique was used to select 222 fish farmers from all the four agricultural zones in the state. Tilapia naturally lives in fresh shallow water. The composition of the imports is The composition of the imports is 6. Fish matures very fast if bred the right way. One of the most widespread agribusinesses in Nigeria is fish farming and for considerable reasons. The most important fish species used in fish farming throughout the world are carp, salmon, tilapia and catfish. Fish farming, also known as aquaculture is one of the most common areas of farming in Nigeria and also one of the most beneficial. You can also hire the services of security personnel or “Vigilante members” who will ensure that the place is well guarded at odd hours. As the human population continues to grow, finding means to feed those people is one of the most important challenges faced around the globe. Online Farm MarketPlace in Nigeria © 2020 / Solution: ORCA TEAM, 21, Paul Gbayi street, mpape village, FCT Abuja, Nigeria. Presently, many farmers are currently experimenting tirelessly to find out whether it is possible to create an artificial environment similar to seawater. It is the species of fish that is popularly known as Titus. Bhatnagar and Singh (2010) studied the pond fish culture in relation to water quality in Haryana. 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. 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. Fish is a great and healthy source of this nutrient. Fishing is a major source of livelihood. Fish can be reared in any location because does not constitute any form of danger to the environment or the people living around. It has a fast and rapid yield. 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. Fish farming, also known as aquaculture is one of the most common areas of farming in Nigeria and also one of the most beneficial. 2008). The fact that fish is the cheapest form of protein you can get in the Nigerian market makes it extremely marketable in the country. 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. More and more people keep plugging in every day. Some families go into this farming in small scale to provide fish for family consumption while some go into large … 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. 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. average world per capita consumption of 13 kg/yr to population and its growth rate. All Rights Reserved. Fish are an important protein source in … Fish growth rate and yields from fish ponds can be greatly increased through emphasizing adequate management techniques, steps, and procedures that would enhance maximum productivity. Fish farming is the practice of raising fish in man-made ponds or tanks for human consumption. Tilapia is the second most reared fish species in Nigeria after the catfish. 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. Adequate water supply will determine to a great extent the success of your fish farm. The importance of getting adequate training about this business can’t be overemphasized because this is basically the stepping stone for your success in the business. 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). Generally, artificial breeding through hormonal induction is used for catfish. While industrial fishing activity con-tinues to produce a significant portion of fisheries Figure 2B. Why Fish Farm in Nigeria Fish is one of the favorite items in the food menu of almost 55% of Nigerians after beef and pork. Fish have considerable economic importance are useful as well as harmful to man. The total cost, revenue and profit expected from fish farming in Nigeria … Per capita fish consumption 2003 (kg/person/year). 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 … As reported by the FAO, agriculture remains the foundation of the Nigerian economy, despite the presence of oil in the country. 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. Fish farming or pisciculture involves raising fish commercially in tanks or enclosures such as fish ponds, usually for food.It is the principal form of aquaculture, while other methods may fall under mariculture.A facility that releases juvenile fish into the wild for recreational fishing or to supplement a species' natural numbers is generally referred to as a fish hatchery. Fish Farming in Nigeria is one of the popular and lucrative agriculture that can be done on very small scale, medium scale and large scale. In Nigeria, fisheries, particularly an important subsector, contributes about 3.00–5.00% to the agriculture share of the Gross Domestic Product (GDP). I. - It is a top consumer's choice. 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. Brief History Of Aquaculture In Nigeria. Types of ponds used in fish farming were thoroughly explained. * A farmer can integrate fish farming into the existing agricultural farm to create additional income and improve water management in … Below are some other materials you’ll be needing to start your fish pond in Nigeria. Fish feed in this business takes up over 70 percent on a well-planned catfish fish farm. Fish farming is a major type of aquaculture as it involves rearing of fish in tanks or enclosures mainly for commercial or subsistent purposes. However, the idea to venture into fish farming (Cat fish) came from the urge to fill the demand for fish in this environment. Nigeria’s total fish supply was 1,160,000 MTs in 2004. So market demand is always high for fish … The plumbing work must be properly done to ensure proper drainage of the water when it needs to be changed. 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. Pig Farming in Nigeria: Latest Guide For Beginners (2020), GTBank Dollar To Naira Exchange Rate Today (Updated Daily), Cassava Farming in Nigeria: Latest Guide For Beginners (2020). Fish farming, like other types of farming, offers a plethora of benefits that can help and the environment 1. 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). efarmers.ng is the first of its kind in the Nigerian agricultural sector. The major sources are imports The fish hatchery business in Nigeria can also be established for the purpose of fingerlings production. Membership in Regional Fishery Bodies Committee on Inland Fisheries and Aquaculture of Africa (CIFAA) This is also known as aquaculture and has become widespread over the globe in the past few decades. Data collected were analyzed using descriptive statistics, budgetary analysis and profitability ratios. Nevertheless, if you want to go for a bigger plot of land, it is perfectly okay so long as you can afford it. 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. Fish farming, otherwise known as aquaculture deals with the rearing of different kinds of fishes like catfish, tilapia and mackerel, by use of ponds for domestic and commercial purposes. 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 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 … export (FAO 2005a), and it is an important source of foreign exchange for many countries, including Chile, Mozambique, Senegal, and Thailand. Basic Principles of Integrated Fish Farming 2. 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. It is known that fish is an important and main food materials of Nigerian. Nigeria alone exports about 5 tonnes of smoked fish per month, via airfreight. Choose The Right Fish Pond or Plastic Tank for Housing Your Fish. 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. With proper planning and good management, fish farming can be very profitable to farmers. 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. 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. 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. Okra is one of the most popular vegetables in Nigeria, consumed by almost all the household across the country. 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. Fish still remains the biggest source of omega 3 fatty acids which is very beneficial to the human heart and brain. 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. Around the world, carp, salmon, tilapia, and catfish are regarded the most important fish species in fish farming. 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 The size of land you will acquire depends on your start-up capital and the size of farm you want to establish. Fish is relatively cheaper than most meat products and hence, it sells faster. One of the most popular agribusiness in Nigeria is fish farming and for good reasons. Easy Addition to General farm activities. TheNigerianInfo is a Nigerian website that was created to help you get valuable, relevant and trusted information on the internet about any topic relating to Nigerians. Despite campaigns on the potentials of fish farming for mass reduction in protein malnutrition, poverty level and unemployment, The Coconut It is good for man sustainance and country’s economy. Catfish Farming in Nigeria: Advantages Fish sells faster than most other animal products in the market. 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. average world per capita consumption of 13 kg/yr to population and its growth rate. Today, the modern farm practice has made it possible to grow fish in the farms and control the input. 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. Key words: Integrated, fish, economic, ecological, farming Nigeria. 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