Maxi-Plus Fish Pond | 4 Ponds

2,000,000.00

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: N2,000,000

Sales Projection: N2,400,000

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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-plus fish pond; 4 ponds

  • Pond lease = N200,000
  • Cost of purchase = N60,000
  • Logistics = N16,000
  • Cost of Fish containers = N16,000
  • Cost of feeding = N1,560,000
  • Fuel =N24,000
  • Labour = N40,000
  • Salt = N8000
  • Miscellaneous = N12,000
  • Insurance = N64,000
  • Total = N2,000,000

Cycle = 7 months

Harvest returns @ 20% = N2,400,000