Maxi Fish Pond | 2 Ponds

1,000,000.00

Catfish production in Nigeria is hugely popular – with a booming domestic market as well as strong export sales – and currently accounts for over 80% of the country’s aquaculture output.

Capital: N1,000,000

Sales Projection: N1,200,000

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Description

Catfish production in Nigeria is hugely popular – with a booming domestic market as well as strong export sales – and currently accounts for over 80% of the country’s aquaculture output. Nigeria produces around 1 million tons of fish per year: over 750,000 tons from capture fisheries and roughly 310,000 tons from aquaculture.

 

Maxi fish pond; 2 ponds

  • Pond lease = N100,000
  • Cost of purchase = N30,000
  • Logistics = N8000
  • Cost of Fish containers = N8000
  • Cost of feeding = N780,000
  • Fuel =N12,000
  • Labour = N20,000
  • Salt = N4000
  • Miscellaneous = N6000
  • Insurance = N32,000
  • Total = N1,000,000

Cycle = 7 months

Harvest returns @ 20% = N1,200,000