Profitable Fish Farming - Facts You Must Know

Fish farming or pisciculture is the principal form of aquaculture, while other methods may fall under mariculture. Fish farming involves raising fish commercially in tanks or enclosures, usually for food.

Six Reasons Why Catfish Farming is a Profitable Business

i. Fish is one of the cheap sources of protein and a good substitute for meat. In fact, no meal is consumed in Nigeria without fish or meat. Secondly, fish is a source of white meat and is recommended by health practitioners over red meat.
ii. The population of Nigeria is about 150million and this population is estimated to overtake that of the United states by year 2050. Now what does this mean for catfish farmers? The truth behind this statistics is that there is a ready market for fish and the demand for fish cannot be met by local producers alone.


iii. There are a lot of recreation centers in Nigeria especially restaurants, fast food outlets and bars; and fish (Point and Kill or Fish barbeque) is one of the favorite food on the menus of these hangouts. You can even make money by focusing on being a regular catfish supplier for these restaurants and bar.
iv. The operating cost for catfish farming (feed and maintenance) is very low especially when compared to poultry farming.
v. In the month of December 2013, the federal government of Nigeria implemented and enforced a law banning the importation of frozen fish. This move was made to encourage the local production of fish. Now the truth is that the demand for fish cannot be met by local producers alone, so there is presently a market gap waiting to be filled by smart entrepreneurs who can be bold enough to venture into fish farming.
vi. There is a massive support and established credit line put in place by the federal and state governments for farmers (both crop and livestock farmers). Also, there is a fund set aside every year by the Central Bank of Nigeria and other commercial banks in Nigeria to encourage and support farmers.