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Investment/Partnership for fish farming


Project No: #18530
Capital needed
USD 60,000
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Minimum investment per investor: 5,000
Country: Nigeria
State: Abia
Reason for needing Capital: Working Capital
Stage: Pre-Startup
Ideal Investor Role: Indifferent
Highlights: Having an existing fully documented land, closer to the market, hotels/restaurants, etc. and good road network, with a good and easy access to water, our aim is to construct a concrete pond, stock them with juveniles, etc to attain the desired objective.
What you offer to investors?: Subject to discussion

Fish is one of the cheap sources of protein and a good substitute for meat. In fact, no meal is consumed in Nigeria without fish or meat. The market for catfish is such that six out of every ten Nigerians do eat catfish on weekly basis. That’s a percentage of over 65% per week

150,000,000 Nigerian population x 65% = 97,500,000 weekly catfish consumption 
This 977,500,000 x $2/ catfish = $195,000,000 worth of weekly catfish consumption.
We wish to secure an investment of USD60,000 [US dollars ($)] to enable us start a standard commercial catfish farming production. If we secure this investment within any period of the year, with our architects, farm attendants, and other necessary personnel who we are already in contact with, the legal, procurement, and construction of this project can be completed in two months so as to kick start production. With this investment, the revenue of over USD$75,000 net profit per annual is projected.
These amount of investment would be achieved through the sale of our end product in a fresh, frozen, dried or smoked state and will be exported to the US and Europe in increase sales and profit. 


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