One of the most lucrative businesses in present day Nigeria, for the beginners, apart from canteen business is catfish farming. Reason for this statement is not far-fetched. Unlike other lucrative businesses, catfish farming is non-labour intensive, requires little expertise, returns on capital guaranteed, and quick recoup of capital among others. However, it sometimes amazes me when people complain of little or no returns on their investment on catfish farming. Some even complain of loss to the tune of 30 to 40 percent. As far as I am concerned, this is an irony to the so called lucrative business.
Based on observations, up to 60% of catfish farmers make little or no profit, and reasonable majority even run at loss. In order to encourage and protect the passion of both existing and incoming catfish farmers, this series is necessary as an eye opener to what catfish farmers do wrong in their day to day running of their businesses. Over the next few weeks, I will be revealing major reasons for poor returns on catfish farming investment. Below is an outline of these reasons, details to be posted in subsequent blog posts.
1. Poor Financial Planning
2. Inappropriate Pond Preparation
3. Underfeeding/Overfeeding
4. Selling Before Maturity
5. Overstocking
6. Poor Feed Formulation
7. Poor Monitoring of Sales
8. Poor Use of Floating and Local Feed
9. Poorly Bred Seed (juvenile and fingerlings)
10. Poor Market Information
Pastor R. O. OLAITAN
Pls send 2my email how u made 120% profit on catfish farming.
Tnx
Eniola Abiodun
pst! just keep on following.
gbemisola
I wish to venture into the catfish farming. Tanx for the enlightenment
oluwaseyi
please i am base in
port Harcourt,is there anyone
you know there that I can get fingerling.
Eniola Abiodun
No. I will try to make findings for you.
EZINNE E
PLS I WANT TO START THIS CATFISH FARMING BUCKETS HOW DO I START IT THANKS.
EZINNE E
PLS I WANT TO START THIS CATFISH FARMING WITH BUCKET PLS HOW WILL I START IT, WHEN WILL I BE CHANGING THE WATER CAN I LIVE THEM IN SIDE ROOM FOR THE SIX MONTHS
Eniola Abiodun
I want to say catfish farm in buckets will not be the best idea for commercial fish farming. However you can start up in bucket to understand the basic principles of catfish farming. You might also need to change water every three days.I will suggest you do your farming in an open room’to enjoy sun ray.
oluremi osak
Good morning to you sir. I’m a new follower of your educative and informative site. Please I want to ask if I can change water in my earthen pond, if yes, how many number of days and if No, will it not affect my juveniles? Thanks and God bless u
Eniola Abiodun
PLS DON’t ever attempt to change your water completely in earthen pond when your fishes are under one month.
JOSEPH NWABUDIKE
Do you use earthen pond or concrete? Can you handle pond construction for a beginner? Which of the ponds is better?
Efokwu Blessing
This is really educating and very helpful. Pls, what types of feed are best for catfish at different stages?
Eniola Abiodun
Make use of tested and trusted feed,cost effective etc