Agricultural development can be equated to the process of expanding the capacity of farmers and resources within the sector in such a way that agriculture can play an effective role in accelerating economic growth and development as well as ensuring food security for the country’s large population size.
Establishment of fish feeds production factory is seen as one those areas that can contribute substantially to the country’s agricultural development through the creation of jobs, income generation for investors and food for the population.
Fish feeds is a key input in fish farming and it constitute over 70 percent of the total cost in fish production.
So, investing in fish feed production is a great investment opportunity.
Technical Information
Fish feeds production involves procurement of ingredients such as maize, groundnut cake, starch, palm oil and fish meal. The ingredients are milled to the 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 floatness of the pellets in the pond. The more pellets can float on ponds, the better.
To establish the project, you need to get a good site, procure and install the machine including the utility items. This is followed by procurement of raw materials and project take-off. Serious minded investors can assisted to successfully set up the project.
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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Profitability
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. This is another feasible and genuine means of livelihood for Nigerians. Author’s Contact: 08023058045, olumakindeoni2@yahoo.com
OLUMAKINDE ONI
