Prospect of Catfish Farming in Nigeria

Catfish is a high density aquaculture industry in Nigeria, the yield is more than 5000kg per acre. That means pure profit of breeding catfish is generally remained between $900,000-1,200,000 per acre. Furthermore, catfish growth cycle is short, basically in 80 days -90 days, it can culture two quarters a year.
Nigeria is a country with an estimated population of over 160 million people, and this population is estimated to overtake that of the United states by year 2050. Now what does this mean for catfish farmers? The truth behind this statistics is that there is a ready market for fish and the demand for fish cannot be met by local producers alone.
Catfish is one of the cheapest sources of protein and a best substitute for meat. It is a delicacy and can be bought fresh whole, fillets strips or smoked no mater how it is processed for sale catfish farming is very lucrative.

Delta state government in Nigeria said four big fish feed factory is under construction, the project is expected to cost 550 million naira ($3.4 million). Four major fish feed producers are Ubeji fish feed Co., Ltd., IKA fish feed Co., Ltd., Asaba Co., Ltd. and Uvwie to feed the fish Co., Ltd., the four fish feed producers are parts of that ten feed factories built by the state government. Industrial and Commercial Association of the Commissioner said that the construction of the fish feed plant will help to ensure that the country's aquaculture farmers have sufficient fish feed, which help improve the fish production. Commissioner added that the fish feed processing plant has become a necessary facility, because many aquaculture farmers involved in the large-scale aquaculture, feed supply must be sufficient. The state government will soon set up 22 Commodity committees to help the sale of locally produced fish feed products.

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