How much will it cost to start a fish farm?

How much will it cost to start a fish farm?

An entrepreneur planning to start small scale fish business on a tight budget can opt for either plastic tanks or tarpaulin pond types. Tarpaulin/plastic pond types are not only less expensive, they are also easily movable. Typically, tarpaulin ponds of size 17 x 15ft would cost between N70,000 to N90,000.

How profitable are fish farms?

Fish farming is very profitable. With proper planning and good management, Shs1m investment in fish farming (cage farming) could easily result to Shs5m of pure profit within six months. Fish farm does not cause any environmental hazard. You can setup fish farm anywhere, including residential areas.

How much does it cost to start a fish farm in Nigeria?

Capital Intensive Setting up a fish farm is capital intensive, much more than that of poultry and Setting up a fish farm requires more careful planning and much capital input. A relatively small fish farm may take up to N500,000 to setup, while bigger ones take millions of naira.