Catfish farming is a money spinning venture as you will start generating 100% return of investment.
However, the catfish business requires knowledge, skill, together with time and effort to make it successful (knowledge + skill + time + effort = success). This is because if any of these values is neglected, it is easy to run into losses. The good news is that if you follow the simple catfish farming guidelines mentioned in this article, you will be guaranteed a stable and steady income throughout the year as it is not a seasonal business. More:How To Start Fish Farming In Nigeria
Catfish farming in Nigeria as a business can be started with as much amount of money as you have. In fact I recommend you start on a small scale and then grow with experience. As time goes by, you will become accustomed to tackling the risks involved in the business. Initial capital is needed for the construction of the pond, for acquiring land and buildings if it is not self owned, labour, licensing and equipment. Running costs includes cost of feeds, getting fingerlings, fuel/electricity. Also Read: How To Write A Fish Farming Business Plan
Construction of Ponds
Depending on the capital available, you can construct any of these ponds;
Earthen Pond: This is digging up the soil (usually clay) to create a pond.
Concrete Pond: Here, blocks are used to construct the pond above the ground level, using cement, gravel and sand.
Fibre Pond: These are fibre tanks (e.g. GP tanks). The advantage of this pond is that it can be moved from place to place.
Before starting the business, it is very important to draw out a good business plan. It should be comprehensive and detailed as the success of the business largely depends on it. As catfish takes 4 to 5 months to grow into table size, expenses to be made through out the period should be carefully laid out. Hot:Is Fish Farming Really Profitable? Truth Revealed!
Here are tips to help you successfully run your catfish farming In Nigeria :