How much is a kg of catfish in Nigeria 2021?

How much is a kg of catfish in Nigeria 2021?

Lagos Last updated: Wednesday, May 26th, 2021

26/05/2021 Fish Price ₦1,100.00
26/05/2021 Fish Price ₦1,000.00
26/05/2021 Fish Price ₦950.00
26/05/2021 Fish Price ₦950.00

Is fish hatchery business lucrative?

Fish farming is a very lucrative business. Fish is rich in calcium and phosphorus and a great source of minerals, such as iron, zinc, iodine, magnesium, and potassium. Every year government spends billions of naira to import fish to supplement local production. The demand for fish is increasing by the day.

Is catfish business profitable in Nigeria?

With an invested capital of N310, 000 and sales of N380, 000, your gross profit margin is 22.58%. Catfish farming doesn’t have a good cash flow. You won’t be able to sell every day or every week. You have to spend a minimum of 4 months raising the fishes before they reach market size of 1kg each.

How do catfish businesses make money?

9 Proven Ways To Make Money From Catfish Farming

  1. Hatchery.
  2. Raising To Table Size.
  3. Selling Broodstock.
  4. Processing And Packaging.
  5. Become A Consultant.
  6. Rent Out A Farm Space.
  7. Open A Store To Sell Fish Equipment And Feeds.
  8. Become An Agent.

How much is 1kg of smoked catfish in Nigeria?

Smoked Catfish – 1KG

Product price ₦4,500.00
Additional options total: ₦0.00
Order total: ₦4,500.00

How much is a fingerling in Nigeria?

Averagely, the price for fingerlings is between 10 to 15 naira while that of juveniles is between 20 to 25 naira depending on the size at the time of purchase.

What is the most profitable fish to farm in Nigeria?

Because of the popularity of the fish breed, catfish farming is the most popular aquaculture business in Nigeria. Catfishes are the most common fishery products used in African meals at several households, restaurants, events, hotels, and a lot more.

Which fish farming is profitable in Nigeria?

The most common and profitable fish specie for fish farming in Nigeria are; catfish, tilapia, salmon and titus. Catfish and tilapia top the chart.

How many catfish can you have in a 1000 Litre pond?

So 1000 liters is 264 gals so about 26 fish.

How much does it cost to start a catfish farm in Nigeria?

Cost Analysis Table (Alternative A)

Detail of Expenditure Cost Value (Naira)
Procurement of juveniles (N25 each; between 6 and 10 grams) 25,000
Feeds (floating; I recommend 100 grams per fish. That’s approximately seven bags at 7,000 each) 44,000
Local feed (1,700kg at N280 per kg). Note: At conversion ratio of 1.4:1. 392,000

How do catfish farmers make money in Nigeria?

Selling of Fish Feeds: If you have the funds, you can invest in selling of fish feeds. Just like humans need to eat to grow and stay alive, the Catfish also needs good food to aid its growth. There are different kinds of feeds; both locally made and imported, you can obtain distributorship to sell the feed.