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
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 provides a detailed context on the business opportunities in this value chain and provides insight on ways and what is required to start a thriving fish enterprise.
Key Take-aways from the session
- Appreciate the opportunities in production and rearing of fisheries
- Understand the requirements for starting a business across the aquaculture value chain.
What is 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?
Tue, 06 Jul, 2021
11:00hrs, GMT + 1
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