Unfortunately, a lot of people, especially those who have an interest in agricultural related businesses, don’t know the potentials of catfish farming in Nigeria. That is exactly why we’ll be discussing how to start the profitable business of Catfish Farming in Nigeria, and the hidden opportunities therein.
Catfish Farming in Nigeria:
You will agree that catfish is one of the commonly eaten fishes in homes, hotels, bars, joints, relaxation spots, and so on. When the word “point and kill” flashes by your ears, don’t squeeze your face wondering what it means. At joints, you could walk up to the fish bowl and point to a live (fresh) catfish you want killed and either used for Pepper-soup or just grilled and peppered.
There are Catfish millionaires in Nigeria, and about one-third of them didn’t really make deep research. The only fact they held on to, is that Catfish business can make one rich; and they went ahead, got a boat with a 100 Ah deep cycle battery , gave it their all, and now, their fish farming business is super-thriving.
But it gives you, as a Catfish farming enthusiast, an extra edge over the ‘ trial-runners ’ to have some sort of ‘The Beginners’ Guide’ in the palm of your hands, which you can follow and check back on the instructions, or make some personal extra extensive research on how to go about your business.
The common aim of every business person is taking their business to a higher level than surrounding competition, and that’s what this summarized guide aims to help you with. Let’s quickly disclose to you, what you need to know to start a Catfish business in Nigeria.
Some important questions to ask before embarking on the Catfish farming business in Nigeria are:
How much capital can I afford to start the business? (Capital would determine your starting scale – Small Scale or Large Scale.)
How many Catfish farmers are in my vicinity? (Knowing this would inevitably help you attach yourself for practical training, if you want, and would also help you determine the competition in your farm area.)
What is the demand for Catfish in my area? (Demand is not equal everywhere.)
Can I have the time to oversee the farm or do I need to employ a fish farmer? (You need to know for proper budgeting.)
What is Catfish farming’s ROI (Return on Investment.)
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