WHY FISH?

The IITA Youth Agripreneurs diversified into fish farming business in order to bridge the gap between fish protein dietary requirement of Nigeria and the current domestic fish production thereby increasing our revenue.

HOW WE STARTEDTraining at Durante

ACTIVITIES

Implemented Pond and Hatchery construction Purchase and Stocking….Ongoing Feeding Maintenance practices….Activities to be Implemented Harvesting & Processing Purchase of hatching equipments & materials

CHALLENGES & OPPORTUNITIES

Challenges Budget Constraint Water Intrusion of reptiles at the pond

Opportunities Availability of ready-made market within and outside IITA Limited supply of fish within the country and the deficiency of fish

protein Fingerlings production Little set-up capital Pig & Poultry production

BUDGET TABLE Budget heading Total budget

allocated($) Expenditure this reporting period ($)

Total expenditure to date($)

Travels 0 77.29 -77.29

capital items 13990.2 30130 -16139.78

Equipment and Maintenance

38637.5 10379.45 28258.05

Materials and Supply

17656.3 5973.48 11682.77

Others 0 38.51 -38.51

contingency 7057.65 0 7057.65

TOTAL 77653.65 46598.73 30742.89

Note: The figure highlighted in red under the Total Expenditure indicates that the total budget allocated for was overspent.

COST BENEFIT RATIO ANALYSIS

Production Cost for 20,000 juveniles

Production Cost ₦10,000,000Selling Price ₦ 520/kgExpected yield (tons) 30,000Revenue 520x30000

₦ 15,600,000Net Profit 15,600,000-10,000,000

₦ 5,600,000

Cost Benefit Ratio 1:1.6

THANK YOU

THANK YOU