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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 STARTED
Training 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 ₦10,000,000
Selling Price ₦ 520/kg
Expected yield (tons) 30,000
Revenue 520x30000
₦ 15,600,000
Net Profit 15,600,000-10,000,000
₦ 5,600,000
Cost Benefit Ratio 1:1.6
THANK YOU
THANK YOU

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Fishery unit Progress report

  • 1. 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 STARTED Training at Durante
  • 2. ACTIVITIES Implemented  Pond and Hatchery construction  Purchase and Stocking…. Ongoing  Feeding  Maintenance practices…. Activities to be Implemented  Harvesting & Processing  Purchase of hatching equipments & materials
  • 3. 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
  • 4. 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.
  • 5. COST BENEFIT RATIO ANALYSIS Production Cost for 20,000 juveniles Production Cost ₦10,000,000 Selling Price ₦ 520/kg Expected yield (tons) 30,000 Revenue 520x30000 ₦ 15,600,000 Net Profit 15,600,000-10,000,000 ₦ 5,600,000 Cost Benefit Ratio 1:1.6