This is the first of our fish series. The fish series is series of blogs and articles that gives tips, insights and recommendations for those interested in fish farming either on a subsistence level or on a commercial level. There will be various series in this blog cutting across a variety of topics, Other topics will be updated in due time, for those interested in the fish farming business, read on!
We will show you how to start a profitable catfish farm, it will include some in-depth analysis of the business of aquaculture and it will give you practical knowledge and insights into the profitability and viability of the business, and it will take you through the process of starting your own aquaculture business from start to market.
Fisheries and aquaculture play important roles in providing food and income in many developing countries, either as a stand-alone activity or in association with crop agriculture and livestock rearing. Aquaculture is the farming of aquatic organisms including fish and aquatic plants.
Fish farming is a method of commercially raising fish for food, in a controlled environment with human intervention through regular supply of food, proper water management and protection from predators. Fish farming is one the fastest growing animal husbandry industry in Nigeria and the most cultured species are Tilapia and Catfish due to their resilience and adaptability to various water environments.
Due to the rising rate of unemployment in the economy and the biting recession, there is no better time to go into fish farming. In Nigeria, the demand for fish is over 2 million metric tonnes and currently only about 1.5 tonnes is available of which the country imports the shortfall. From this analysis, it is evident that there is a shortfall of over 1 million tonnes, not counting the imported metric tonnes.
This goes to show that the market is still in its growth phase, thus making it the best time to invest in the fish farming business.
In our next series, we will be talking about the various types of fishing systems and the broad areas of the fish farming business.