importance of fish farming in nigeria

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. With adequate knowledge, expertise and resources, fishes can be very easy to handle and maintain. Aquaculture & Fish Farming Section. 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. Importance of Agriculture in Nigeria As can be seen, the act of farming and food production benefits both the farmer and farm product users. Another vital thing to be noted is that not all species of fish can be reared in Nigeria. Adequate water supply will determine to a great extent the success of your fish farm. The fact that fish is the cheapest form of protein you can get in the Nigerian market makes it extremely marketable in the country. The size of land you will acquire depends on your start-up capital and the size of farm you want to establish. Data collected were analyzed using descriptive statistics, budgetary analysis and profitability ratios. Therefore, there is the need to come up with measures to reduce the cost of fish feeds without reducing efficacy of the feeds. Nigeria’s total fish supply was 1,160,000 MTs in 2004. 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. Nigeria is blessed with enough marine fisheries resources that could enhance increased fish production. average world per capita consumption of 13 kg/yr to population and its growth rate. Below are the different types of ponds that are popularly used by Nigerian fish farmers. Disadvantages. 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. 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This way they are able to control output and revenue. Today, the modern farm practice has made it possible to grow fish in the farms and control the input. Fish as Human Food: Fish have formed an important item of human diet. 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. Useful Fishes: 1. Catfish farming is here to stay in Nigeria. Learn how your comment data is processed. eFarmers Nigeria - No 1. This brief piece highlights ten amazing benefits of fish farming that will definitely raise your interest in the venture. Data collected were analyzed using descriptive statistics, budgetary analysis and profitability ratios. Yet, Nigeria imports over 900,000 metric tons of fish while its domestic catch is estimated at 450,000metric tons/year [1]. This makes Nigeria the highest importer of fish and fishery products in Africa. Yet, fish supply from domestic production is far below the fish demand of … Regardless of the popularity of fish, the fish farming business is not particularly profitable for Nigerian farmers. A multi-stage random sampling technique was used to select 222 fish farmers from all the four agricultural zones in the state. With N2 million as capital or investment, one could gain up to N3 million worth of profit in just six months. Growth pattern in fish is very fast and easy to understand. 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. 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. Farmers can also quicken the growth process of the fishes by giving them certain growth-enhancing feeds. The average size of the fish farm can be done in a plot of land. Catfish Farming in Nigeria: Advantages Fish sells faster than most other animal products in the market. 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. 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. 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. DEVELOPING A VIABLE FISH FARMING INDUSTRY IN NIGERIA - AN ALTERNATIVE STRATEGY TO THE STRATEGY IN THE GREEN REVOLUTION PROGRAMME by E.T.O. - Stable supply on demand. 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. Fish and other seafood are one of the best sources of protein you can find on Earth. Benefits Of Fish Farming In Nigeria. Choose The Right Fish Pond or Plastic Tank for Housing Your Fish. Food value Fish serves as an important food for human. So market demand is always high for fish … Okra farm is easy to set up, cultivate, it requires less technicality compare to other vegetables, okra is not prone to pest and diseases. I use well planned because some fish farms in Nigeria spend much more on their production expense. 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. 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 . As one of the highest source of protein, fish is widely consumed by Nigerians on a somewhat large scale. After successful breeding, you have to take special care of the fry during the first week. Fish farming, also known as aquaculture is one of the most common areas of farming in Nigeria and also one of the most beneficial. Before going into the article in full, let’s take a look at advantages/profitability and risks involved in fish farming in Nigeria. Key words: Integrated, fish, economic, ecological, farming Nigeria. 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. 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). 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. A multi-stage random sampling technique was used to select 222 fish farmers from all the four agricultural zones in the state. 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. Types of Integrated Fish Farming 3. 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. More and more people keep plugging in every day. Its importance could be felt directly and indirectly among rural and urban residents in Nigeria. Catfish/Tilapia Fish Farming in Nigeria – Stocking: The fish pond will be ready for stocking after 2 weeks of application of fertilizers.Tilapia fry (small fish) can be procured from the approved hatcheries. 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). 6. Without a doubt, fish farming is one of the most lucrative agricultural business ventures. So, keep the different aged and sized fish separate from each other. Tilapia are as well very easy to farm and are more widespread in the Nigerian market. The continued growth of population, income, and urbanization assures the high demand for fishes in Nigeria. —Domestic smoked fish products of Nigeria. Consumption of fish has several health, nutritional, environmental and social advantages over other terrestrial animal meat. 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. Fish matures very fast if bred the right way. The importance of fish hatchery cannot be overemphasized. Presently, many farmers are currently experimenting tirelessly to find out whether it is possible to create an artificial environment similar to seawater. Nigeria’s total fish supply was 1,160,000 MTs in 2004. Fish farming is the practice of raising fish in man-made ponds or tanks for human consumption. Fish can be reared in any location because does not constitute any form of danger to the environment or the people living around. 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 still remains the biggest source of omega 3 fatty acids which is very beneficial to the human heart and brain. Advantages 4. 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. Fish farming is a major type of aquaculture as it involves rearing of fish in tanks or enclosures mainly for commercial or subsistent purposes. the fact that the water in the fish pond ought to be changed on the constant interval. While industrial fishing activity con-tinues to produce a significant portion of fisheries Figure 2B. Fish farming in Nigeria is popular and lucrative. 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. Fishpond farmers have started to approach Aratdars directly at higher secondary markets. Types of ponds used in fish farming were thoroughly explained. The reason for this is that it is the species of fish that is the easiest to farm. This study was carried out to determine factors affecting aquaculture fish seed Creation of Employment. The major sources are imports It is therefore an attractive venture as it remains the top choice for consumers in terms of affordability. 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. The popularity of fish products amongst the Nigerian populace makes it extremely easy to sell. 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. The major sources are imports Fishing is a major source of livelihood. What this means is that you can set up your fish farm anywhere you like – your compound (if it is spacious enough), residential areas, business areas and so on without worrying about the harms that your fish farm could cause to the environment and people living or doing business around your farm. It is good for man sustainance and country’s economy. 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. One of the most popular agribusiness in Nigeria is fish farming and for good reasons. 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 farming is an act of rearing fish for commercial purpose in Nigeria. You can get Fingerlings of your selected fish species from another fish farm that specializes in selling them. Food supply chains are extremely important for food access and livelihoods across Africa, but their role is often overlooked and underappreciated. 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. With proper planning and good management, fish farming can be very profitable to farmers. Recommendations: Fish Farming Business 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. 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. Many people go into catfish farming in Nigeria because it is the simplest type of fish species to farm. 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 In 2014, 713 036 were reported as engaged in inland fisheries with 21% of this total women. The methods of fish farming in Nigeria are through extensive and intensive aquaculture. 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). 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. 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. Rainwater and tap water are not good for fish farming. Okra production in Nigeria is widely accepted because of its profitability and affordability. 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. - It is a top consumer's choice. Fish farming, also known as aquaculture is one of the most common areas of farming in Nigeria and also one of the most beneficial. The composition of the imports is Even in troubled economic times, men, women and children need to eat. You need a natural source of water or borehole to be able to efficiently do fish farming. Fish feed in this business takes up over 70 percent on a well-planned catfish fish farm. This is to see if it will be possible to rear the tilapia fish commercially in Nigeria. It has a fast and rapid yield. The plan extensively explained catfish farming and tilapia farming in Nigeria. Easy Addition to General farm activities. Mackerel is the species of fish that is mostly eaten by the Nigerian population but unfortunately, it is not even farmed in the country. Fish is a great and healthy source of this nutrient. Selecting suitable fish species is very important for maximizing profits form fish farming business. 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. Until these experiments are concluded successfully, if you plan on going into fish farming in Nigeria, it is better to focus only on catfish and tilapia if you hope to make more financial gain. Tilapia is the second most reared fish species in Nigeria after the catfish. 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. As the human population continues to grow, finding means to feed those people is one of the most important challenges faced around the globe. 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. Fishes are bought in bulk also by people making health and beauty products. The most important fish species used in fish farming throughout the world are carp, salmon, tilapia and catfish. The Key Benefits of Fish Farming that should get you started. 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. average world per capita consumption of 13 kg/yr to population and its growth rate. 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). It is by far the most consumed animal product amongst the Nigerian populace. resulted in a significant individual participation in fish-farming within the Niger Delta Region of Nigeria (Inyang, 2001). Okra is one of the most popular vegetables in Nigeria, consumed by almost all the household across the country. Farmers can easily incorporate fish farming with their already existing crop farms and gain more profit while conserving water and other resources. Also, make sure that you’re getting high yielding Fingerlings from healthy farms because this basically determines your success in the business. Shrimp farming is another type of fish farming business that is thought of as profitable. Fish have considerable economic importance are useful as well as harmful to man. Fish Is Very Popular. 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