BUSINESS PLAN

FOR
FISH (POND) FARMING
BY
BUKKU MULTI-PURPOSE
COOPORATIVE
SOCIETY
Name of cooperative society:

Bukku Fish farming

cooperative Society

Year established:

July, 2008

Membership strength:

10 members

Gender:

Male/female

Contact Address:
G.R.A.,

Ramat Street, old

Maiduguri

Telephone:

08034019001

Project type:

Fish Farming

Project site location:

No. 10, Ramat street,

Maiduguri.

Local Government Area:

M.M.C.

Type of registration:

Cooperative Society

Experience:

New

Indebtedness:

Nil

Duration of project:
10 years
OUR FISH FARMING BUSINESS PLAN
Agriculture is very key to the economic development of
the people and
also very important for poverty alleviation and human s
urvival.

The catfish business is very lucrative and underexpl

oited business in
Nigeria, investment in this kind of business is the right
move at the right
time, because it is profitable and fast growing business.

Our cooperative society was established with the aim o

f promoting the
growth of fish to meet the demand of the consumers.

Having a better experience in the business, we now d

ecide to embark
on large scale fish farming for commercial purpose.
MARKET PLAN
Breeding of catfish for business purpose is highly tech
nical and highly
profitable when practiced. Technicality of the breeding
starts with the
housing construction to its feeding process which
determines the
outcome of the end product, of importance too is the fr
ame structures
of the fish. A table size catfish is one that weigh
ts one minimum
kilogram or attain the age of four to six months and a
bove. This sales
for between N400 to N600 per kilogram each in e
ateries or open
market.

Borno state is well known nationwide in fish production

, the recent fish
farming provides an insight into the success of the busi
ness. These also
provides products in abundance and cheaply all the yea
r round.

Borno fish is purportedly unique in meals, there

fore consumers
demand is always all year round.

The cooperative society intend to adopt unique marke

ting strategy to
enable the business all year round. To achieve thes
e four (4) major
plans will be employed to attract more buyers t
o patronize our
products. These plans are as follows:a. Place/location
b. Promotion
c. Price uniqueness

d. Product quality
a. Place/location
The farm will be located at No. 10 Ramat street,
G.R.A. Damboa
road, Maiduguri, in M.M.C. L.G.A. site is located
because of the
availability of land, access road network leading
straight to the
farm, short deepness to stinking a bore-hole
without much
difficulties.
b. Promotion
Sign board will be erected to show direction t
o farm and its
activities, posters
ecessary during

will

be

pasted

where

harvesting periods, advertisement will be carried

out especially
Peace F.M., NTA, BRTV etc. packaging materials
will contain the
name of the farm and products clearly written
plus the next

period of harvest and address, with mobile num

ber for further
enquiries.
c. Price
The price will be reasonable and affordable, withi
n the reach of
the common man, taking into consideration the pr
evailing market
price to avoid high costing.
d. Product and quality
The product will be fresh and smoked fish for sa
les. During the
harvest in the event of low market sales, we decid
e to smoke the
un-sales product. Because keeping the fresh fish
in the pond, will
mean additional cost for breeding. These products
are high bred
and improved varieties that use taking care o
f in a pond to
maturity.
PROCESS
Process is the sequence of inter-dependant and
linked procedures
which at every stage consume one or more.

Stage No. 1
This involves construction of concrete ponds and
also piping and
fencing the ponds.
Stage No. 2
When all is set and water available, the fingerlings
are brought in
so that feeding and other activities can go in the fa
rm.
Stage no. 3
Provision of water and other condition that can co
ntribute to the
growth of the fish.
Stage No. 4
Harvesting of the matured fish for sales to the gen
eral public and
retrieve after which day old fingerlings are brou
ght in to start
another cycles.
COST PRODUCTION ANALYSIS

Sn Labour cost
personnel

Salary monthly
Total

No. of

Farm manager N5,000

N30,000

Farm attendant N2,500

N15,000

Farm consultant N2,500

N15,000
N60,00

NB: The total sum will be spend as salary mont

hly, with a total
number of 5 staff working in the farm.
Sn. Items
Cost N
Number

Total

2,000,000

Construction
of

2,000,000 10

concrete ponds
Wiring
of
wat500,000
er

To all the 10500,000

system
Construction
of

350,000

350,000

office
Store

500,000

500,000

Generator/wiring

200,000

To
e

Freezers

200,000

ponds

th200,000

entire farm
2
dee200,000
p
freezers

7
8

Stinking of borehole
Fishing kits

350,000

350,000

50,000

Complete

50,000

Complete

100,000

10 ponds

750,000

Furniture and fittin 100,000

gs
10 Fencing of the pond750,000
s
11 labour
650,000

INSTALLATION COST ANALYSIS

The
e

whol 650,000

work

The whole farm expansion will cost us the total sum of

4,550,000.
COST OF 10,000 FINGERLINGS AND THEIR FEEDS
10,000 FINGERLINGS
TOTAL
Buying 10,000 (catfish) each at N30
st

1 month
2

nd

300,000

10 bags. Each costs N5,500

55,000

month

20 bags. Each costs N5,500

110,000

3 month

rd

30 bags. Each costs N5,500

165,000

th

40 bags. Each costs N5,500

220,000

th

50 bags. Each costs N5,500

275,000

4 month
5 month

th

6 month

55 bags. Each costs N5,500

302,000
Drugs

10,000

Fueling of Generator

250,000

Total
1,687,500
THE ESTIMATE PROFIT OF RAISING 10,000 FISHES E
VERY 6 MONTHS
At the end of production period that is 6 months, fish
is expected to
attain 1kg body weight.
The moderate market price per 1 kg is N500. Sinc
e we are raising
10,000 fishes we are expecting 75% of 10,000 fingerlin
gs to attain 1kg,
while 25% might not attain the required body weight, d
ue to risk of: 10% mortality: this is the number of deaths due to
diseases.
10% cannibalism: this is the act by which bigge
r fishes eats the

smaller ones and it can be prevented by sortin

g out the larger
ones from the smaller.
5% may not attain table size: this natural.
Workers salary
60,000
10,000
N30 each
3000,0
00
fingerlings
Feed
205 bags, N5500 each
1,127,500
Drugs
For prevention and
10,000
curing
diseases
Fuelling
For watering the pond
250,000
1,747,500
Therefore, total production cost is N1,747,500 and 75
% of our fishes
expected to attain 1kg each and every 1kg costs N50
0.
That is 7500 x 500 = 3,750,000
Sales = 3,750,000
Therefore, profit is =
Sales total production cost

Therefore 3,750,000 1,747,500

Profit = 2,002,500
Therefore, the total profit after every 6 months is
to the tune of
N2,002,500, we can easily observe that in a year ther
e will be two (2)
major harvesting periods, this analysis shows that th
e profit after 1
and 2

nd

st

harvest of the year is to the tune of 4,005,00

0.
Profit after two (2) harvest
st

1 harvest = N2,002,500
2

nd

st

harvest = N2,002,500

1 harvest + 2

nd

harvest

Profit = 4,005,000.
We can now observe
dually rising up

that

the

profit

tremendously to a very attractive level.

is

gra

Having fully analyzed the afore mentioned plan of set

ting up the said
farm, in which the sum of N6,297,500 is required as
start-up capital,
in addition to the sum of N200,000 as miscellaneous i
s required.

We therefore, hope that your organization will care

fully study this
proposal and grant us with a loan of N6,500,000 whi
ch we intend to
invest as and in accordance with the explanations h
erein contained.
We equally intend to pay-off the anticipated loan
in the shortest
possible time.

We hope our business plan will be given due asses

sment and
consideration for onward approval, please.