Nigeria,
with a population of about 165,000,000 people is grossly underprovided with an
essential food component, which is protein. For example, data from the FOS,
CBN, and FAO indicate that from cattle, less than 2kg of beef is available to
an average Nigerian per year and just mere 4kg of eggs per annum is available
to each Nigerian.
In
fact, milk production has been nose diving or at best has remained constant
since 1994.This scenario is compounded more so when the volume of
egg supply is very low, being
10.56g per person per day as compared with the usual recommendation that
an egg should be consumed by an adult per day. This recommendation would imply
a crate of 30 eggs per month. This story also holds for other fish products.
To
ameliorate this problem of low-level of protein intake, there is the need for
concerted effort, among the various stakeholders to bring about the massive
production of protein based food items at competitive costs so that they would
be affordable to the general masses. Aside from the other necessary economic
reforms, massive investment fish farming is one way of resolving the problem
and invariably in the importation and production of livestock feeds.
The aquaculture industry is not new to Nigeria; the first
documented fish farms date back fifty years. However, this was also the time
when fishing activities among coastal communities also began to decrease due to
oil-related activities.
Fishes are aquatic creatures that lives in water and there are
over ten thousand {10,000} species of fishes in the waters. Only a few of the
many kind of fishes are being cultured in Nigeria. In Nigeria, there are two
fish types that thrive. These are the tilapia and the Clarias, which is a class
of the catfish family.
Making locally-produced fish more readily available for
Nigerian consumers will give them faster and fresher access to one of the
healthiest sources of animal protein.
The
growing fish farming in Nigeria is creating a demand for fish feed. Apart from
the presence of oxygen in the ponds, feed is next in importance for the
production of fish.
Nutrient
requirements and feeding characteristics of channel catfish have been
extensively researched. This research has provided the basis for the
formulation of efficient, economical diets and for the development of feeding
strategies - both of which have been instrumental in the success of the catfish
industry.
For
some years, fish farmers in Nigeria have preferred high quality imported fish
feeds, going along with the common belief, “if it is imported, it has to be
better than locally made products”.
This
report examines the financial viability of importing floating fish feed, an
essential requirement in the early development stage of fish into Nigeria. The company
would import 100 tons of different sizes of high quality floating fish feed on
a monthly basis in the first five years and increase the capacity according to
market demands.
Report Details:
Report Type: Pre- Feasibility Report
Formats of Delivery: PDF / MS WORD
No. of Pages: 28 Pages ( Text Part) / 6 Pages (Financial Part)
Publisher: Foraminifera Market Research
Release Date: 30/08/2015
Language: English
Delivery time: 24– 48hours
Table of Contents:
EXECUTIVE SUMMARY
1.0 Business Overview
1.1 Description of the Business
1.2 Vision and Mission Statement
1.3 Business Objective
1.4 Critical Success Factor of the Business
1.5 Current Status of Business
1.6 Description of the Business Industry
1.7 Contribution to Local and National Economy
2. Marketing Plan
2.1 Description of product
2.2 Product Packaging and delivery
2.3 The Opportunity
2.4 Pricing Strategy
2.5 Target Market
2.6 Distribution and Delivery Strategy
2.7 Promotional Strategy
2.8 Competition
3. Production Plan
3.1 Description of the Location
3.2 Raw Materials
3.3 Production Equipment
3.4 Production Process
3.5 Production Cost
3.6 Stock Control Process
3.7 Pre-Operating activities and expenses
3.7.1 Operating Activities and Expenses
3.8 Project Implementation Schedule
4.0 Organizational and Management Plan
4.1 Ownership of the business
4.2 Profile of the promoters
4.3 Key Management Staff
4.3.2 Management Support Units
4.4 Details of salary schedule
5. Financial Plan
5.1 Financial Assumption
5.2 Start up Capital Estimation
5.3 Source of Capital
5.4 Security of Loan
5.5 Loan Repayment Plan
5.6 Profit and Loss Account
5.7 Cash Flow Analysis
5.7 Viability Analysis
6.0 Business Risk and mitigation factor
6.1 Business Risks
6.2 SWOT Analysis
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