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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
Total: 4,620,000
(All of these fall under the running cost)
Expected Sales
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.
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