Generally, we advise you do a concrete fence and install barb wires around it as this will at least provide a level of security for your fish pond. Starting a small scale fish farm in Nigeria with healthy fingerlings is the number one key to your success. Its importance could be felt directly and indirectly among rural and urban residents in Nigeria. The major sources are imports Online Farm MarketPlace in Nigeria © 2020 / Solution: ORCA TEAM, 21, Paul Gbayi street, mpape village, FCT Abuja, Nigeria. Because of these conditions, the species of fish that are mostly reared commercially by most Nigerian fish farmers are salmon, tilapia and catfish. Data collected were analyzed using descriptive statistics, budgetary analysis and profitability ratios. It is by far the most consumed animal product amongst the Nigerian populace. The steps for starting a fish rearing business includes selecting suitable farm land or area, fish farm type (cage, tank or pond), cage or pond construction, selecting fish species, feeding, care & management, harvesting and marketing. The continued growth of population, income, and urbanization assures the high demand for fishes in Nigeria. You can get Fingerlings of your selected fish species from another fish farm that specializes in selling them. This is one of the core benefits of the fish, provision of food. Creation of Employment. As reported by the FAO, agriculture remains the foundation of the Nigerian economy, despite the presence of oil in the country. Nevertheless, if you want to go for a bigger plot of land, it is perfectly okay so long as you can afford it. The methods of fish farming in Nigeria are through extensive and intensive aquaculture. The importance of fisheries and aquaculture to development 353 Abstract Small-scale fisheries and aquaculture make criti-cal contributions to development in the areas of employment, with over 41 million people world-wide, the vast majority of whom live in devel … Fishing is a major source of livelihood. TheNigerianInfo is a Nigerian website that was created to help you get valuable, relevant and trusted information on the internet about any topic relating to Nigerians. This feature of fish farming is probably one of the most important because it allows many Nigerians to earn money even if they don’t have any higher education or a particular profession. New and existing farmers hoping to start or expand their capacity are encouraged to start fish farming, as it has proven to be very beneficial in terms of sales and overall profit. The study revealed that the mean age, Fish farming, also known as aquaculture is one of the most common areas of farming in Nigeria and also one of the most beneficial. Tilapia are as well very easy to farm and are more widespread in the Nigerian market. This makes Nigeria the highest importer of fish and fishery products in Africa. It is known that fish is an important and main food materials of Nigerian. The Key Benefits of Fish Farming that should get you started. Generally, we advise that you get an affordable piece of land which you can pay for without tampering with the funds meant for purchasing other items/services for your new fish farm. Today, the modern farm practice has made it possible to grow fish in the farms and control the input. Fish is relatively cheaper than most meat products and hence, it sells faster. Like I mentioned earlier in this article, not all fish species can be bred in Nigeria this is because of various factors that might affect the production and sales of your products. export (FAO 2005a), and it is an important source of foreign exchange for many countries, including Chile, Mozambique, Senegal, and Thailand. Nigeria’s total fish supply was 1,160,000 MTs in 2004. 1.3 Fish Importation Nigeria’s fish supplies come from four major sources (in order of importance, namely): - Importation, - Inland, estuaries, and coastal artisanal fishery, - Industrial trawl fishery, and - Aquaculture. The most important fish species used in fish farming throughout the world are carp, salmon, tilapia and catfish. ABSTRACT Aquaculture is the fastest growing food production system worldwide and is particularly important in bridging the gap between fish demand and supply in Nigeria. Fish have considerable economic importance are useful as well as harmful to man. 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