{"id":230182,"date":"2020-06-26T08:36:23","date_gmt":"2020-06-26T07:36:23","guid":{"rendered":"https:\/\/arewa.ng\/?p=230182"},"modified":"2020-06-26T08:37:37","modified_gmt":"2020-06-26T07:37:37","slug":"investing-big-in-catfishbusiness-the-guardian-nigeria-news","status":"publish","type":"post","link":"https:\/\/arewa.ng\/?p=230182","title":{"rendered":"Investing big in CatfishBusiness \u2014 The Guardian Nigeria News"},"content":{"rendered":"<div id=\"\">The aquacultural farming of Claris species, otherwise called, Catfish, has become a popular business in Nigeria. Given such popularity and preponderance, this farming continues to enjoy increasing demand for its products (i.e. Catfish and fingerlings).<\/p>\n<p>The reason for this is obvious. Catfish is a source of rich, cholesterol-free, and special type of easily digested animal protein that is increasingly being recommended over red meat.<\/p>\n<p>Also, it is usually obtainable life and fresh from the local markets. The dried and processed form of catfish is also usually part of a number of Nigerian delicacies, including vegetable soup, Egusi soup, Banga soup, pepper soup, etc.<\/p>\n<p>What\u2019s more, the World Health Organisation (WHO), has repeatedly mentioned the low protein intake of a large percentage of the Nigerian populace. Consequently, the increasing production of Catfish can be a veritable means of bridging this gap of protein deficiency.<\/p>\n<p>In other words, massive opportunities still abound for any prospective Nigerian aquacultural entrepreneur that is interested in producing catfish for the general public.<\/p>\n<p><strong>Market Prospect<\/strong><br \/>\nThe market prospect of catfish cuts across the whole country. But foremost consumers are the restaurants, households, beer parlours, hotels, and individuals. Nigeria with a population of over 200 million people is estimated to consume about 1.5 million metric tonnes of fish per annum. The bulk of this demand is being met through the importation of frozen fish coupled with grossly inadequate domestic production of fresh fish (about 600,000 metric tons). Hence, there are huge opportunities for prospective fish farmers to tap into the production of table size catfish for people.<\/p>\n<p>Production Capacity: \t\t\t8000 table size catfish<br \/>\nEstimated Start-Up Cost:\t\t\/\t\t\tN650,000.00<br \/>\nEquipment: Four constructed fish ponds, water pump, generator, plastic water tank, fish harvesting net wheelbarrow, weighing scale, generator,<br \/>\noverhead water tank, hose, net, Syringe, rubber bow, etc- \tN700,000.00<br \/>\nRaw Materials (stocking of Juvenile)\t\t\t\tN60,000.00<br \/>\nWorking Capital (for six months)\t\t\t\tN800,000<br \/>\nTotal\t\t\t\u2013 N2.210 million<br \/>\nPotential Profit:\t\t\tN2.5 million per annum or more<br \/>\nTypical Fees\/ Prices:\tPortrait N800 per kilogramme<br \/>\nAdvertising Options:\tTarget marketing of market women, restaurants, hotels, household consumers<br \/>\nQualifications:\tIntensive practical training and exposure to catfish aquaculture practices.<br \/>\nStaff Required:\tCEO\/Operation Manager, Operation Officer 1<br \/>\nThis profile, or any similar one, can be developed into a bankable proposal for any interested investor. For further clarification, do contact The Guardian<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The aquacultural farming of Claris species, otherwise called, Catfish, has become a popular business in Nigeria. Given such popularity and preponderance, this farming continues to enjoy increasing demand for its products (i.e. Catfish and fingerlings). The reason for this is obvious. Catfish is a source of rich, cholesterol-free, and special type of easily digested animal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":230183,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3],"tags":[15061,14955],"class_list":["post-230182","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-catfish","tag-the-guardian"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/posts\/230182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=230182"}],"version-history":[{"count":0,"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/posts\/230182\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/media\/230183"}],"wp:attachment":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=230182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=230182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=230182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}