importance of fish farming in nigeria

How to start fish farming. Many people go into catfish farming in Nigeria because it is the simplest type of fish species to farm. This characteristic of fish ensures that farmers can harvest and sell in a very short period of time. It is good for man sustainance and country’s economy. Recommendations: Fish Farming Business in Nigeria. Farmers can easily incorporate fish farming with their already existing crop farms and gain more profit while conserving water and other resources. This ecological consideration is of paramount importance in integrated fish farming in that it allows recycling, and maximum utilization of resources without wastage. Fishpond farmers have started to approach Aratdars directly at higher secondary markets. 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 and other seafood are one of the best sources of protein you can find on Earth. 6. efarmers.ng is the first of its kind in the Nigerian agricultural sector. Fish feed in this business takes up over 70 percent on a well-planned catfish fish farm. In Nigeria, fisheries, particularly an important subsector, contributes about 3.00–5.00% to the agriculture share of the Gross Domestic Product (GDP). 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. - Provision of food. Nigeria imports 90 percent of fish sold, giving little room for local fish farmers to develop successful businesses. 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. Fish is a great and healthy source of this nutrient. Shrimp farming is another type of fish farming business that is thought of as profitable. Demand … Fish farming is a major type of aquaculture as it involves rearing of fish in tanks or enclosures mainly for commercial or subsistent purposes. 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). Fishing is a major source of livelihood. Today, the modern farm practice has made it possible to grow fish in the farms and control the input. 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 farming, also known as aquaculture is one of the most common areas of farming in Nigeria and also one of the most beneficial. 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 There’s virtually no family in Nigeria that doesn’t consume fish and this makes … Fish as Human Food: Fish have formed an important item of human diet. 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. 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. Fish farming, like other types of farming, offers a plethora of benefits that can help and the environment 1. Edible tissues of fish are appreciably greater than that in chicken, pig and sheep/goat. In Nigeria, many people often assume aquaculture is the variant form of fish farming and when aquaculture happens […] Also, make sure that you’re getting high yielding Fingerlings from healthy farms because this basically determines your success in the business. The total cost, revenue and profit expected from fish farming in Nigeria … The importance of fish hatchery cannot be overemphasized. The fact that fish is the cheapest form of protein you can get in the Nigerian market makes it extremely marketable in the country. 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. Below are some of the risks involved in fish farming in Nigeria. - It is a top consumer's choice. 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. 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. Yet, Nigeria imports over 900,000 metric tons of fish while its domestic catch is estimated at 450,000metric tons/year [1]. 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. More and more people keep plugging in every day. of fish farming in Oyo State, Nigeria. One of the most widespread agribusinesses in Nigeria is fish farming and for considerable reasons. 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 … 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). Importance of Agriculture in Nigeria As can be seen, the act of farming and food production benefits both the farmer and farm product users. 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. Brief History Of Aquaculture In Nigeria. 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. Below are the different types of ponds that are popularly used by Nigerian fish farmers. As one of the highest source of protein, fish is widely consumed by Nigerians on a somewhat large scale. Investing in fish farming will definitely incur large and stable stream of profits over time. All Rights Reserved. Presently, many farmers are currently experimenting tirelessly to find out whether it is possible to create an artificial environment similar to seawater. This makes Nigeria the highest importer of fish and fishery products in Africa. 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. Nigeria is blessed with enough marine fisheries resources that could enhance increased fish production. 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, also known as aquaculture is one of the most common areas of farming in Nigeria and also one of the most beneficial. Aquaculture & Fish Farming Section. Bhatnagar and Singh (2010) studied the pond fish culture in relation to water quality in Haryana. Data collected were analyzed using descriptive statistics, budgetary analysis and profitability ratios. 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). The study revealed that the mean age, Therefore, there is the need to come up with measures to reduce the cost of fish feeds without reducing efficacy of the feeds. 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. This study was carried out to determine factors affecting aquaculture fish seed With the way fish sells in Nigeria, you can be sure that investing in a fish farm in Nigeria can be very profitable. Importance of Aquaculture. 2008). —Domestic smoked fish products of Nigeria. Fish Farming in Nigeria, Detailed Information, Project Guide The following article gives information on” Fish Farming in Nigeria”. 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. 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. 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. These type of knowledge can’t be gotten from one-day seminars. Fish are an important protein source in … How to Start Fish Farming Business. Fish is relatively cheaper than most meat products and hence, it sells faster. Fish farming is the practice of raising fish in man-made ponds or tanks for human consumption. 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. The average size of the fish farm can be done in a plot of land. Source: FAO … This is one of the core benefits of the fish, provision of food. Tilapia are as well very easy to farm and are more widespread in the Nigerian market. 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. Fish can be reared in any location because does not constitute any form of danger to the environment or the people living around. Consumption of fish has several health, nutritional, environmental and social advantages over other terrestrial animal meat. 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 … It is therefore an attractive venture as it remains the top choice for consumers in terms of affordability. 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. During this time you can feed the larvae zooplankton. Home / Aquaculture & Fish Farming Section / Importance of Aquaculture. Because of these conditions, the species of fish that are mostly reared commercially by most Nigerian fish farmers are salmon, tilapia and catfish. Nigeria alone exports about 5 tonnes of smoked fish per month, via airfreight. Farmers can also quicken the growth process of the fishes by giving them certain growth-enhancing feeds. Catfish, typically grown in ponds and tanks, is the most farmed species in Nigeria, constituting over half of the total aquaculture production by volume. As the human population continues to grow, finding means to feed those people is one of the most important challenges faced around the globe. Besides that, it’s a development of the agricultural part of the country’s economics and this fact makes fish farming even more important and valuable. The most important fish species used in fish farming throughout the world are carp, salmon, tilapia and catfish. Mackerel is the species of fish that is mostly eaten by the Nigerian population but unfortunately, it is not even farmed in the country. 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. 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 is also known as aquaculture and has become widespread over the globe in the past few decades. 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. Nigeria’s total fish supply was 1,160,000 MTs in 2004. The fish ponds can be established within the farmer’s compound to increase accessibility and reduce costs of transportation. export (FAO 2005a), and it is an important source of foreign exchange for many countries, including Chile, Mozambique, Senegal, and Thailand. 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. 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. Tilapia fish farming is a very profitable one. This brief piece highlights ten amazing benefits of fish farming that will definitely raise your interest in the venture. To do fish farming successfully, you need a sufficient supply of water (lots of it). So market demand is always high for fish … The methods of fish farming in Nigeria are through extensive and intensive aquaculture. Fish farming in Nigeria is popular and lucrative. by GLAF | Mar 27, 2019 Aquaculture also known as Fish farming, is one of the most common areas of farming in Nigeria … Fish farming is an act of rearing fish for commercial purpose in Nigeria. Yet, fish supply from domestic production is far below the fish demand of … 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 typically much more efficient than cattle or pork production and other forms of agriculture. In 2012, 13 627 people were reported as employed in aquaculture (2% were women). Okra farming in Nigeria. A multi-stage random sampling technique was used to select 222 fish farmers from all the four agricultural zones in the state. The cost and revenue analysis of engaging in fish farming business in Nigeria was also highlighted. 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. Some families go into this farming in small scale to provide fish for family consumption while some go into large … Starting a small scale fish farm in Nigeria with healthy fingerlings is the number one key to your success. You need at least 3 months of intensive training for you to properly understand how fish farming in Nigeria works. 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 … Today, the modern farm practice has made it possible to grow fish in the farms and control the input. With adequate knowledge, expertise and resources, fishes can be very easy to handle and maintain. Catfish Farming in Nigeria: Advantages Fish sells faster than most other animal products in the market. But aquaculture does not exist without drawbacks. 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. Fish still remains the biggest source of omega 3 fatty acids which is very beneficial to the human heart and brain. - High source of revenue. Easy Addition to General farm activities. The fish hatchery business in Nigeria can also be established for the purpose of fingerlings production. * A farmer can integrate fish farming into the existing agricultural farm to create additional income and improve water management in … 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 by far the most consumed animal product amongst the Nigerian populace. Regardless of the popularity of fish, the fish farming business is not particularly profitable for Nigerian farmers. Nevertheless, if you want to go for a bigger plot of land, it is perfectly okay so long as you can afford it. 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. © 2018 - 2020 TheNigerianInfo Media. Basic Principles of Integrated Fish Farming 2. 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 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. It has a fast and rapid yield. 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. Types of ponds used in fish farming were thoroughly explained. Get an expert to build the fish pond for you. Growth pattern in fish is very fast and easy to understand. 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. Even in troubled economic times, men, women and children need to eat. 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. The continued growth of population, income, and urbanization assures the high demand for fishes in Nigeria. Omega 3 is not produced in the human body and it can only be gotten from an external source. The reason for this is that it is the species of fish that is the easiest to farm. Tonnes of smoked fish per month, via airfreight their already existing crop farms and control the.... Nigeria can also be established within the farmer ’ s total fish supply was MTs! 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