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My proposed business plan is to start up a fish farm, and these are some of the reasons why you should invest in it:
Fish is a cheap source of protein and a nice replacement for meat, and then, fish is a good source of white meat, which doctors recommend over red meat.
Hardly would you find a Nigerian home, cook without fish or meat. Nigeria has a population of over 160million. Meaning, there is a ready market for fish. Also, in Nigeria we have lots of fast food outlets, bars and restaurants. One can even make money by focusing just on being a regular supplier of fish to these outlets.
The operational cost of fish farming is quite low compared to poultry, dog, goat, or cattle farming. With an available land, #100,000 should be enough for a start. A huge part of it would go into building ponds and getting feeds containing essential nutrients like lhysine, arginine and methionine.
In the month of December 2013, the federal government of Nigeria implemented and enforced a law banning the importation of frozen fish.
Now, the reality of all these, is that the demand for fish cannot be met by local producers alone, so there is presently a market void waiting to be captured by smart entrepreneurs who can be bold enough to venture into fish farming.
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