Agricultural development can be equated to the process of expanding the capacity of the farmers and resources within the sector in such a way that it will be able to play an effective role in accelerating output.
Establishment of fish feed factory is seen as one those endeavours that can contribute substantially to agric development by providing job opportunities, qualitative food (protein) and income for the populace.
Fish feeds constitute more than 70 percent of the input in fish farming. It is therefore an important input which efforts must be made to encourage investment in its production.
The project is seen as one of the opportunities for fish farmers to boost productivity and reduce operating cost.
Technical Information
Fish feed production involves procurement of ingredients such as maize, groundnut cake, starch, palm oil, fish meal.
The ingredients are milled to 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 floating 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
Pre-Investments : 100,000
Accommodation (Rental) : 500,000
Plant & Machinery : 3,000,000
Utilities/Working Capital : 2,000,000___
Total
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@
Olumakinde Oni
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