Catfish farming is a profitable business in Nigeria and Africa. Nigeria is one of the largest producers of catfish in Africa, with fish farming becoming a popular way to meet the high demand for fish. In 2020, Nigeria produced about 313,231 metric tons of catfish, making it a significant contributor to the country’s fish supply.
Starting a catfish farm involves setting up ponds or tanks, stocking them with fingerlings (young fish), and feeding them until they reach market size. The fish are typically ready for harvest in 4-6 months. Catfish farming requires good water quality, proper feeding, and regular monitoring to ensure healthy fish.
The profitability of catfish farming comes from the high demand for fish in local markets. Catfish is a popular choice for households, restaurants, and events. Farmers can sell their fish fresh, smoked, or processed, depending on market preferences. The price of catfish varies, but farmers can generally expect good returns on their investment. With proper management, catfish farming can generate steady income year-round.
Proposed capacity:
The project aims to establish a 100,000-capacity catfish farm with the following specifications:
- Half for Smoking (50,000): A portion of the catfish is designated for smoking (Processed, seasoned, and smoked).
- Half for Maturity (50,000): The remaining catfish are selected for continued growth and development until they reach full maturity at approximately six months.
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