Fish farming constitutes 41% of animal protein consumption in Nigeria, that shows how huge the market demand for fish products are. Nigeria requires about 2.7 metric tons of fish to satisfy its citizens’ dietary requirements but Nigeria’s domestic production is only about 0.7 metric tons and has to import an extra 0.7 tons every year, that’s about $500million in expenses, making Nigeria the highest importer of frozen fish in Africa This feasibility study prepared for a catfish farm capacity of 10,000 and fingerlings of high breed catfish where to be stocked.
The expenses from pond construction to marketing are considered. The farm is to have 10 concrete ponds of flow through system and each pond is to contain 1,000 stocked catfish. After the average weight of the fish was 1.7kg. And it was sold at 800 naira each. The output was 800Å~9800 fishes, due to 200 mortality. 800 x 9800 = N7,840,000. Input is N3.25’million. The profit is N4.59 million after six months of culture.” Following this cost analysis, you can easily invest N3 million and expect a massive turnover of N4 million with six months it will take for you to harvest and sell.