Running a Lucrative Fish Breeding Business - By Nike Popo-Ola
He, however, says there are challenges in breeding catfish.
He says the main challenge that he experienced earlier in the business was that he did not have adequate knowledge, thus resulting in high mortality of the fish.
One major challenge is ignorance, which can really be costly, because it can cause the loss of one�€™s entire investment,�€ he says.
Abayomi says there are several strategies that can be deployed in breeding catfish, adding that one needs breeding tanks, a regular source of water and a number of fish.
He stresses the need to also insist on neatness and quality.
He says that a prospective investor needs to understand how the fish breeds, adding that seminars or practical experience should be sought to establish the foundation for a thriving business.
Having overcome the challenge of ignorance, Abayomi says that he began to expand his production to breeding fingerlings.
He recalls that one major thing that has encouraged him in the business is the fact that there is an increasing demand for the product.
I noticed that there was a great demand for catfish but the supply for it was low, and I decided to venture into it. So far, it has been a lucrative business for me and I want to grow bigger in it.
Presently, I supply to sellers in Lagos, but plan to extend my business network to cover the South West, which I hope to achieve soon,�€ he adds.
Another operator and the Chief Executive officer, Fishworld Ventures, Mr. Chuks Gabriel, supplies cat fish to retailers.
He narrates that at the outset, he attended a number of training programmes and seminars to gain knowledge about the business, which helped him to create a strong platform.
The business is capital intensive but without huge capital, you can still make do with about N80,000.
One major work that an investor would really need to do to grow faster in the business is to locate the right market.
Fishpond business is a lucrative one if you can get the right knowledge of breeding it and locate the right market,�€ he says.
- Culled From Punch
Pages | 1 | 2 |
