Download Catfish Farming Business Plan Nigeria with 3 Years Financial Analysis
We have created a detailed catfish farming business plan in Nigeria to start with your new catfish farming venture to get a financial loan from CBN, NIRSAL, BOI, other investors and future predictions.
WHAT MAKES UP A GOOD CATFISH FARMING BUSINESS PLAN IN NIGERIA?
Our vision statement
Our mission statement
Our business structure
Our target market
Our competitive advantage
Sales and marketing strategy
Financial analysis of the catfish farming business
Sources of startup capital
If you’ve been looking for where you’ll get a business plan for your catfish farming business, all you need is provided below:
Adeleke Nig. Ltd is an agricultural venture that specializes in the production of table-sized catfishes which makes provision for a high market. Manure is also a byproduct that we produce. This company is in Kano, Kano State. The owner of the company started this farm to get bridge thw gap that exists between the demand and supply of table-sized catfish in Kano on a daily basis.
We aren’t only focused on meeting the customers’ demands; our plan is also to make sure our customers are satisfied. The creation of this company is also a way of eradicating unemployment in the area it is located and to be a plus to the country’s economy. We plan on providing quality products and efficiently maintain this supply. With this business, we plan to distribute catfish to hotels, restaurants, schools, catering and bakery businesses, clubs, home delivery food centres, and supermarkets. Our plan is to do this at affordable prices.
We do not only provide products, but also services. We aim to provide home delivery services to clients who order a particular quantity of products. With this offer, we would like to mostly target our market that makes use of fish, catfish, or eggs in large quantities such as bakeries and schools.
We would make use of about 5,000 fingerlings for the initial operation. The production area is in Kano, a lot of open spaces, water availability, road connection, open space, and swift access to markets.
We’ve wisely taken into consideration the financial, technological, and health risks.
The federal department of fisheries (FDF) stated in a 2007 report that the demand for fishes was 2.1 million tonnes, and domestic production was about 600,000 tonnes.
There was a partial augmentation of this deficit by massive importation of fishes of round 900,000 tonnes with a value of more than $800,000. This is a significant drawback to our scarce foreign exchange.
With this, there’s still a massive deficit of about 600,000 tonnes.
In Nigeria, the annual demand for fish is said to be around 2.66 million tonnes, which is way below the local yearly production of about 780,000 metric tonnes, which will leave the demand-supply gap to be around 1.8 million tonnes. It’s clearly visible that there is a much higher demand compared to supply. As an entrepreneur, what do you think about that? Business opportunity!
The Norwegian ambassador to Nigeria stated that “Nigeria imports fish, especially stockfish from Norway, worth over N109.2 billion Naira ($700million) annually”.
In a report published in May 2012, Dr. Awoteinm George, who is the chairman of the Fisheries Society of Nigeria (FISON) Rivers State Chapter, stated that “Nigeria produces just 40 per cent of the total Fish consumed in the country”. That is to say, 60% of the current demand is yet to be met by catfish farmers.
It is estimated that aquaculture has the potential to produce 2.5 million tons, which if totally harnessed will satisfy Nigeria’s local demand for catfish. The best bet is to grab this opportunity and fill this gap.
Truthfully speaking, agro-based businesses are extremely profitable, and that’s because they meet the basic need of man, which is food.
At Adeleke Farms, we will measure our success by us being able to achieve the objectives that follow:
- Maintain a gross margin ratio of 50 per cent.
- Become the “Most hygienic and best catfish producer in the region,” complying by the NAFDAC standards.
- Start to make a profit within the initial five months of operation.
- The mission of Adeleke farms is to provide clients with fresh, quality, and valuable products.
- Respecting all workers and make sure the voice of every individual is heard in the company’s affairs.
- Providing investors with opportunities of receiving a good ROI (Return On Investment) and growth of high-quality.
- Contributing to the community via social and physical programs.
OUR KEYS TO SUCCESS
Adeleke Farms will follow the principles that follow to achieve great success in its market:
- State-of-the-art pond framework, which will accommodate a substantial amount of catfishes with the least risks.
- Diverse slaughters network, optimum inventory level, market chain management, and ‘customer is king’ policy.
- Frequent visits by veterinary medical practitioners and hygienic catfish housing environment.
Adeleke Nig. Limited is a private enterprise owned by Dr. Pelumi Adeleke.
How To Download The Complete Catfish Farming Business Plan In Nigeria PDF and Doc
Above is a part of the catfish business plan in Nigerian. If you want the complete catfish farming business plan with 3 years of financial analysis, follow the procedures to download it.
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Name: Oyewole Abidemi (I am putting my name and not our company account so you know we are real people and you can trust us)
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