If you’ve landed on this article page, you’re probably searching for a
good business idea—an idea that’s light on the pocket but heavy on
returns, promising both a fulfilling journey and potential profit.
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How to establish a fish feed factory in Nigeria
Establishment of fish feed factory is seen as one those
endeavours that can contribute substantially to agric
development by providing job opportunities, qualitative food
(protein) and income for the populace.
Fish feed production involves procurement of ingredients such as
maize, groundnut cake, starch, palm oil, fish meal.
The ingredients are milled to powdery form and mixed
together in a recommended proportion with water to make it
marshy. They are
later fed into the pelleting machine for the purpose of getting
them into pellets.
The pellets are later taken to the dryer for the purpose of
drying. Effective
equipment and production processing will guaranty the floating
of the pellets in the pond.
The more pellets can float on ponds, the better.
Fish feeds constitute
more than 70 percent of the input in fish farming.
It is therefore an important input which efforts must be
made to encourage investment in its production.
Cost Implication
N
Pre-Investments
:
100,000
Accommodation (Rental)
:
500,000
Plant
& Machinery :
3,000,000
Utilities/Working Capital
:
2,000,000___
Total
N5,600,000
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The plant has the capacity of producing 200 tonnes of Fish Feeds
per annum. Net
profit of N300, 000 can be made on every tonne of feed produced.
This translates to net income of N60 million per annum.
Machine for Making Floating Fish Feed are Electric Motor Fish
Feed Machine, Diesel Engine Fish Feed Machine
Floating fish feed machine is the best choice for homemade fish
feed and fish farms. With a floating fish feed extruder, you can
use cheap local raw materials to produce high-quality feed and
reduce feed costs.
One of the best ways to find a good investment opportunity is to
find a market for the product. Demand for fish feed in Nigeria
is increasing as a result of the proliferation of fish farming
operations in the country. This suggests that there is a large,
growing and sustainable market for fish feed in Nigeria.
Nigeria’s population of about 200
million people is severely undersupplied with protein, an
essential ingredient in food.
High profit margins
With increasing demand for fish feed in Nigeria, and access to
inexpensive raw materials, fish feed production is extremely
profitable. Nigeria imports about 40,000 tons of fish feed a
year, worth about $60 million.
Given the huge sums of money that go into importing fish feed,
you can now imagine that if you dabble in fish feed production,
you will get a huge return. Get our Practical Guide on Fish feed Production Business. This comprehensive guide will walk you through the fundamentals of starting and running a successful Fish feed Business in Nigeria, from initial planning to profitability. We’ll cover key factors like identifying in-demand niches, establishing a strong brand, marketing effectively, optimizing operations and delivering an exceptional student experience.
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