Aquaculture business in Nigeria and other parts of the world goes beyond the farming of fishes only, it comprises of other marine or aquatic lives which includes but is not limited to shrimps, shellfish, prawns, aquatic plants and lots more.
Though aquaculture farming is most times referred to as fish farming, it is because fishes compose a larger fraction of this kind of farming practice.
Some farmers in Nigeria may want to go beyond fishing by incorporating other aquatic lives which includes both salt and fresh water organisms, and some entrepreneurs may also want to start this kind of business but may not know how to about. Don’t worry; these steps will help you on how to start aquaculture farming business in Nigeria.
• Always remember that knowledge is power and is the key to success too, so before going into this kind of farming business make sure you have a basic or an adequate knowledge of what aquaculture is all about, its pros and cons, how to get the fishes and others, so that you don’t start what you can finish.
• Research on what kind of aquatic life will yield you lots of profits by checking the local markets including other local farmers, seafood stores, and others to know what their demand is and what kind of species they want in terms of volume, price and weight, this will make you to know what kind of aquaculture farming you will go into because making a choice blindly will affect your business profit.
• After you must have known what kind of aquaculture farming you will be going into, try as much as possible to know how much money or capital that you will need in establishing the business, also put into consideration the size of the business operation so that you wouldn’t be estimating too high or too low.
• Get a suitable land that best fits your practice, and depending on your market research you will know if you are basing on just fish farming or combining it with shrimps, prawns and others as it will help you in getting a sizeable land for the project. Make sure that the location is good and is near to markets and other potential buyers.
• Know that aquaculture farming is wider than some people think and involves more work, so if have to consider so many things from feeding to labour, water quality and regulation, and other essential things which will make them survive and grow well.
• Most countries do require that the farmer must have a license for such business, but in Nigeria, it may not be so but try and find out from your local or state government so that you will be able to meet the necessary requirement for getting a permit or license in this kind of operation without being penalized.
• It is good to join an association and organization that oversees the affairs of the aquaculturists in Nigeria such as Association Fish Farmers and Aquaculturist of Nigeria (AFFAN) etc., it will not only help to publicize your business but will provide you with an opportunity to see and interact with other prominent business fellows, and other numerous benefits which you are bound to gain from it.
Starting aquaculture business in Nigeria may seem stressful but it is simpler than it looks, all you need is to put the above factors into consideration and then watch things fall into places. And you don’t have to worry about making profits because recently people are now focusing and switching their diets to seafood making the demand to be on the high side.