What is the current demand for fish in Nigeria?

Abstract. The demand for fish in Nigeria is still not met, despite having a domestic production estimated at about 800,000 metric tonnes. The demand stands at about 2.1 million metric tonnes per year. There is a shortfall of about 1.3 million metric tonnes.

Which state has the highest fish in Nigeria?

In the southwest of Nigeria and bordering the Atlantic Ocean, Lagos state is among the West African country’s most economically important regions. Despite its location, the state produces only around 40% of the fish required by its population of 22 million.

Is fishery profitable in Nigeria?

Fish farming is very profitable. With proper planning and good management, N3 million investment in fish farming could easily result to N4 million of pure profit within six months.

What is the market size of fish farming in Nigeria?

680,000 tons
At present, total fishery production in Nigeria reaches to 680,000 tons, among which aquaculture accounting for 200,000 tons. Given that, Nigerian Government decides to expand aquaculture scale and make annual output reach 2660,000 tons to meet domestic market demand.

Where does Nigeria import fish from?

Top trading partners (import of “Fish, frozen, excluding fish fillets and other fish meat of heading 03.04.”) of Nigeria in 2020: Netherlands with a share of 26% (234 million US$) Russia with a share of 21% (184 million US$) Chile with a share of 11% (97 million US$)

How can I start fish farming in Nigeria?

Here are the major steps you need to take before embarking on this business.

  1. Write a business plan.
  2. Register your business.
  3. Get adequate training.
  4. Get a good location for the fish pond.
  5. Construct the pond, a borehole, and overhead tank.
  6. Determine the species of fish you want to breed.
  7. Purchase your fingerlings or juveniles.

Where is the biggest fish farm in Nigeria?

Dickem Farms is the largest fish farm in Nigeria that deals mainly in the production of aquaculture products such as fish feed, machines for fish feed production, fish meal, herbal fish supplements, collapsible mobile fish ponds and water purifiers.

Which fish is best for farming in Nigeria?

catfish
The most farmed fish species in Nigeria are catfish and tilapia, even though Nigeria has an environment that supports the farming of other tropical species of fish.

What is the most profitable fish to farm in Nigeria?

They’re of increasing importance in aquaculture systems all over the world. The fact that these fishes grow rapidly and then tolerate high stocking densities and poor water quality, makes them a lucrative breed for fish farmers to grow. Tilapia is one of the common fish types cultivated in Nigeria.

Where do Nigeria import frozen fish from?

7bn frozen fish from Japan. Nigeria has imported a total of N34. 7 billion ($69.39 million) Mackerel fish from Japan between 2019 and June 2021 despite tight import restriction by the Federal Government.