Download Feasibility Study for Catfish Farming in Nigeria
Download this comprehensive feasibility study for Catfish Farming in Nigeria for your loan and grant requirements for NIRSAL, CBN, BOA, BOI. A Poultry Farming Feasibility Study is all you need to start up your desired Poultry farming business.
WHY DO A FEASIBILITY REPORT FOR CATFISH FARMING IN NIGERIA?
This article is a feasibility study for Catfish Farming in Nigeria that can hold 10,000 fish and is to be stocked with fingerlings of high breed catfish. The expenses incurred from sourcing for the fingerlings down to marketing and selling the fish are put into consideration.
The farm will comprise of 10 concrete ponds that will house 1000 fish conveniently, the ponds will be installed with the flow-through system. The expense incurred during the construction of a pond is as follows;
The dimensions of each pond is 3m x 2.5m by 1.4m, each pond consumes 200 blocks and each bag of cement makes 25 blocks which means a pond takes almost 8 bags of cement. Hence,
200 x 10 = 2,000 blocks, total blocks for 10 ponds
2,000/25 = 80 bags of cement needed for 10 ponds
A bag of cement is 4,500, thus, 4,500 x 80 = 360,000 naira
A tipper of sand is 20,000, 4 tippers will be 20,000×4 = 80,000
A tipper of gravel is 40,000 x 2 = N80, 000
Cost of labor = N250, 000
Cost of plumbing (inlet and outlet facility) = N300, 000
The cost of drilling a borehole = N350, 000
Cost of treating the water = N50, 000.
Cost of bowls and nets for sorting = 45,000
Total: = 1,515,000
(All the above fall under the capital investments)
The cost of high breed ﬁngerlings 35×10,000 = N350, 000
Cost of labor/farm attendant = 60,000 (for employing two persons) over a period of 6months = 180,000
Cost of electricity/ fuel for 6 months = 90,000
Cost of feeding on day one to maturity stage for 6 months is at 400 naira per fish. = N4, 000,000
(All of these fall under the running cost)
After the average weight of the fish was 1.5 kg. And it was sold at the lowest rate of 850 naira each. The output was 850×9800 x 1.5 kg of ﬁsh, due to a mortality of 200 fish.
850 x 9800 = N8, 330,000
Total input is 6,124,000, approximately 6,500,000 minus cost of land
Sales will yield 8,330,000
Running cost: 4,620,000
20% profit for capital investment payback
20% profit for savings for future expansion
40% x 3,710,000 = 1,448,800.
With a 3 years plan of 2 cycles, an investor should be able to cover all capital investments.
With a take-home profit of N2, 261,200 per 6 months.
Please note; the above is not exactly suitable for your location or desire. The proper current market survey should be considered.
Now that you have an idea for Feasibility Study for Catfish Farming in Nigeria, you can download the full version here.
How To Download The Complete Feasibility Study for Catfish In Nigeria PDF and Doc
Above is a part of the catfish farming feasibility study in Nigeria. If you want the complete poultry farming feasibility study, follow the procedures to download it.
Pay the sum of N5000 (Five thousand naira only) to the account detail below:
Name: Oyewole Abidemi (I am putting my name and not our company account so you know I am real and you can trust me, and trace me)
P.S: We can also tailor the feasibility analysis to your name, business size, capital requirements, and more to fit your direct needs. Call or message +234 701 754 2853 for enquiries.
Thereafter, send us your email address through text message to +234 701 754 2853. The text must contain the title of the catfish feasibility report in Nigeria or the business plan you want and also your email address. Immediately after the confirmation of your payment, we will send the catfish farming feasibility analysis in Nigeria to your email address where you can easily download it.