Session

THE BUSINESS OF AQUACULTURE

This session highlights the opportunities in the fisheries value chain and provides knowledge to participants on key requirements to start or invest in a business in the sector

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About the Session

Fish remains the cheapest source of good protein in the diet of a greater population of Nigerians, and its quality, in terms of nutritional value, is impressive because of its rich display of amino acids (protein/bodybuilder). Of even greater impact is the affordability of the protein source, as it is cheaper than beef, pork, and other meat sources.
This session will provide a detailed context on the business opportunities in this value chain and will provide insight on ways and what is required to start a thriving fish enterprise.


Key Take-aways from the session


What will be covered?

  • What does the aquaculture business entail?
  • The Business Environment for aquaculture type businesses (Ease of doing business, Registration landscape, statistics etc.)
  • An estimate of the size of the aquaculture market
  • The competitive environment in the Animal husbandry niche
  • Profit Analysis (A forecast / Cashflow / Wealth creation) – this is a fictional foresight of income generated from animal production.

  • What are the different ways or business models that one engage in aquaculture?
  • How do I identify the appropriate aquaculture business to venture into?
  • What are dominant key challenges (if any) within the value chain I should be wary of – and what are ways to manage these challenges?

  • Consumption /market pattern for different aquaculture products (fingerlings, table sized, processed)?
  • How do I identify customers/off-takers/target market for my aquaculture business?
  • What are the key pitfalls to avoid in selecting a target market?

  • What skill and competence are required to thrive in this sector?
  • What regulation landscape should I be mindful of?
  • Where can I get expert support?

  • How do I discover investable aquaculture businesses?
  • What are critical signals off a healthy, invest-able crop production business?
  • What other things should one take into consideration in deciding whether or not to invest in a crop production business?

Schedule

Tue, 06 Jul, 2021

11:00hrs, GMT + 1

Global

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