BUSSINESS PROPOSAL AND PLAN ON ITEGRATED

CATFISH FARMING

SUMMARY PROPOSED BUSSINESS:

The proposed business is based on agricultural sector that deals with production of
poultry and catfish farming. The objective of this business is because of the less or
decrease of the catfish production in the Maiduguri metropolis due to the
insurgency for the past six years. The demand of catfish in the metropolis has
outnumbered to production size. The retailers of catfish are now transporting the
goods from neighboring state like Gombe, Jigawa, Jos, etc. and my experience on
the catfish produced has gingered me to stay and boost the production of catfish
both for fingerlings and table size. Because, things are now normalizing, the
revival of catfish business is of priority. I had experience in rearing of catfish in
my house backyard for the good two years and the activities yielded a good result
for me which makes thinks of expanding the business into a commercial ventures
to be producing in large quantities.

PROJECT LOCATION:

The proposed integrated fish farm would be located at strategic site around Cabbal
Town along Gubio road Maiduguri Borno State.

MARKET ANALYSIS:

The matured catfish will be harvested at six months, some would be sold to
restaurants, hotels, retailers and catfish roasters. The chicken would be sold to the
available consumers, retailers, restaurants etc. also the chicken would be sold at the
period of early festivities.

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STRATEGY PLAN AND OBJECTIVES:

I have decided to ventures in poultry and catfish production because of the

nutrition values, low fat, less carbohydrate and richness in protein. Also because of
their high increase in demand. I will start by locating a suitable land site that is
near to water source or land that is suitable and adequate at production of poultry
and catfish.

SOURCE OF CAPITAL:

The source of capital were targeted by the government through the agricultural
bank fund.

FINANCIAL PROJECTION/STRATEGY:

Required startup capital: - Description among amount cost of;

1. Land of 4-plots ₦ 1,000,000.00

2. Fencing ₦ 924000.00

3. Cost of feeding and medicine for catfish (six months) ₦ 1,700,000.00

4. Cost of feeding and medicine for broilers (six months) ₦1,800,000.00

5. Cost construction of pond and cage (concrete & earth pond) ₦733,600.00
6. Constructions of bore holds, generator, pumping system and maintenance
₦500,000.00
7. Stocking of catfish (Juvenile) ₦350,000.00
8. Stocking of broilers (six months) ₦1,200,000.00
9. Salaries and wages ₦180,000.00

TOTAL COST = ₦8,387,600.00

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SALES AND COST PLAN

The interval of six months is taken into consideration to analyse profit of the farm
product. At the period of six months, the cat fish will be fully grown to the size of
one kilogram or more.

Total stock of cat fish: 10,000

Price of fish: ₦455/kg

Total sales of cat fish: ₦4,550,000

Total stock of broilers: 1500

Price of fish: ₦900
Sales of broilers for six weeks: ₦1,350,000
Total sale of broilers for 6 months (i.e. 24 weeks): ₦1,350,000 x 4 = ₦5,400,000
Total sale: total sale of cat fish + total sale of broilers

= ₦4,550,000 + ₦5,400,000

= ₦9,950,000

Total profit: total sale – total start-up capital

= ₦9,950,000 – ₦8,387,600

= ₦1,562,400

Total profit for six months: ₦1,562,400

Therefore, annual total profit will be 2 times total profit of the six months.

= ₦1,562,400 x 2

= ₦3,124,800
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SUSTAINABILITY STRATEGY

After period of six months, the matured fish will be harvested and sold, to allow
for the new sets of juvenile to take over the ponds also the chicken (broilers) will
be sold at the period of six weeks to the consumers, retailers, restaurants, and
during festival occasion.

RISK IDENTIFICATION AND MITIGATION STRATEGIES

Poultry chicken and cat fish are affected by different kind of diseases which can
cause growth defects that can cause injury to the chicken and fish in the ponds.
With the experience I have gathered, that can make me handle any kind of
challenges which may arise and all the problems shall be solved and necessary
precaution shall be taken into consideration.

MANAGEMENT STRUCTURE

The need for job specification is very necessary, two people will manage the farm
and control it. One person will control the side of the poultry, while the other
person will control the fish ponds.

Eventually, my duty will be to oversee the entire running of the enterprise

from farm activities to sales and marketing of farm product. There will be proper
keeping of records and account concerning purchase and sales.