Fishery Business Opportunities in Nigeria : Are you passionate about fishing and you want to start a fishing business?
If Yes, here are 50 best fishing related business ideas & opportunities for You.
The fishing industry is one pretty large industry that accommodates several businesses.
It is a known fact that a lot of people are making money in the value chain of the fishing industry because fishes.
And fish based products are eaten all across the globe.
With the advancement in farming technology, an entrepreneur can successfully run a fish farm right in the desert.
This goes to show that your location should not be a barrier if you are interested in starting a fishing related business.
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If you are looking towards leveraging on the fishing industry to generate huge income,
then you would have to choose from one of the many fish related business opportunities.
One thing is certain about starting a fish related business,
if you are able to conduct your market research and feasibility studies,
then you are likely not going to struggle to grow the business no matter the part of the world you choose to pitch your business tent in.
Here are some fishing related business ideas an entrepreneur can choose from.
39 Best Fishing Related Business ideas & Opportunities in 2018
Fishery Business Opportunities in Nigeria
1. Start Farming Tilapia Fish
One option you have when it comes to starting a fishing related business is to go into Tilapia fish farming.
Tilapia fish is a fresh water fish that lives in shallow streams, ponds, rivers,
lakes and can sometime be found in brackish water.
As a matter of fact, tilapia is the general name for over a hundred species of cichlid fish from the tilapiine cichlid fish – tribe.
There are two basic methods of farming tilapia fish, you can make use of open-net cages in the ocean.
Or you can make use of ponds/containers.
If you don’t have enough space to install bigger ponds,
open-net cages in the ocean is your best bet if you want your tilapia fish to grow to their full capacity
And if you want to accommodate enough fishes.
Open-net cages can hold over 500,000 tilapia fish in an enclosure that is four times the size of a football field.
Fishery Business Opportunities in Nigeria
2. Start Farming Salmon Fish
If you are interested in starting a fishing related business, then you should consider starting a salmon fish farm.
Salmon fish farming is perhaps one of the most lucrative fish farming businesses an entrepreneur can start,
but that does not rule out the fact that it can sometimes be challenging especially if you don’t live around coastal areas where you can conveniently create a demarcation for breeding your salmon fish.
In order to maximize profits with your salmon fish farming business,
you would have to learn the process of hatching salmon eggs
And then groom them to maturity when they will be due for harvest.
As a matter of fact, salmon fish can grow very big.
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Fishery Business Opportunities in Nigeria
3. Start Farming Catfish
Another fish related business idea that an aspiring entrepreneur can successfully start is catfish farming.
Catfish is consumed by a good number of people.
And catfish farming happens to be one of the easiest fish farming business to run.
You can actually run a catfish farm in your backyard and from artificial ponds.
Fishery Business Opportunities in Nigeria
4. Start a Shrimp Farming Business
Shrimp farming is another fish related business idea that an aspiring entrepreneur can start in any part of the world.
Shrimp farming is known to be a profitable business,
And has evolved from small scale to a global industry in most countries where it is carried out.
Countries like United States, China, Japan, Thailand,
And even South American Countries have been farming shrimps on large scales for a long while.
Shrimp is known as one of the world’s healthiest foods
And it is eaten in all continents of the world.
Its antioxidant and anti-inflammatory content makes it most desirable by those who are careful about their cholesterol intake.
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Fishery Business Opportunities in Nigeria
5. Start an Oyster Farming Business
There are loads of business opportunities in the fish and seafood farming industry,
And oyster farming is one of them.
Oyster is known as one of the world’s healthiest foods and is eaten in all the continents of the world.
Its antioxidant and anti-inflammatory content makes it most desirable by those who are careful about their cholesterol intake.
It is classified as a marine creature and it is easy to come by especially in coastal area and riverside.
So, if you are considering starting a fishing related business, then one of your options is to start farming oysters.
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Fishery Business Opportunities in Nigeria
6. Start a Crayfish Farming Business
Another profitable fishing related business that an aspiring entrepreneur should consider starting is crayfish farming.
Crayfish, also known as crawfish, crawdads, freshwater lobsters, mountain lobsters, mudbugs,
Or yabbies, are freshwater crustaceans resembling small lobsters.
Its antioxidant and anti-inflammatory content makes it most desirable.
By those who are careful about their cholesterol intake.
Fishery Business Opportunities in Nigeria
7. Start an Abalone Farming Business
Abalone farming business is yet another profitable and thriving fishing related business idea that is open to interested entrepreneur.
Abalone is a shellfish that is considered a delicacy in many parts of the world.
The Abalone Farm not only tastes great, but it is also an excellent source of many vital nutrients.
Its antioxidant and anti-inflammatory content makes it most desirable by those who are careful about their cholesterol intake.
So, if you are interested in starting a fishing related business,
then one of your options is to start an abalone farm.
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Fishery Business Opportunities in Nigeria
8. Start a Prawn Farming Business
If you are interested in starting a fishing related business,
one of your options is to start a prawn farm.
It is important to state that prawns do pretty well in water,
Logged areas except you want to invest in building artificial ponds.
If you are able to locate this business in a water – logged area,
then you are likely going to struggle less in your prawn farming business.
Prawn farms require temperatures that are above 25º C during production seasons.
Prawn species include; the black tiger prawn Penaeus monodon,
the banana prawn, Fenneropenaeus merguiensis, the kurama prawn and Penaeus japonicas.
Fishery Business Opportunities in Nigeria
9. Start A Trout Farming Business
Another fish farming related business idea that an aspiring entrepreneur should consider starting is trout farming.
Trout is in the family of finfish and there is indeed a large market for finfish.
So, if you are considering starting a fishing related business,
then one of your options is to start trout farming business.
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Fishery Business Opportunities in Nigeria
10. Start Farming Minnows
Just like trout, minnow is a member of the finfish family and they are consumed by majority of fish consumers.
This goes to show that those that farm minnows are likely going to rake in good revenues annually.
So, if you are interested in starting a fishing related business,
then you should consider farming minnows.
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Fishery Business Opportunities in Nigeria
11. Start Farming Ornamental Fish
The fishes that are usually seen in an aquarium tops the list.
Ornamental fish are fishes such as goldfish, electric fish, tropical fish etc.
If you choose to start farming ornamental fish,
it means that you are not farming fishes that will be consumed,
but fishes that will be placed in aquariums hence your target market will be.
Those who are into the designing and selling of aquariums.
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Fishery Business Opportunities in Nigeria
12. Start Farming Crustaceans
Another fishing related business that is open to an aspiring entrepreneur is crustacean farming business.
Crustacean is a member of the shellfish family and they are consumed by a good number of people.
So, if you are interested in starting a fishing related business,
then one of your options is to go into crustacean farming business.
Fishery Business Opportunities in Nigeria
13. Start a Mollusk Farming Business
Mollusk farming is yet another thriving and profitable fishing related business idea that an aspiring entrepreneur can start.
Just like crustaceans, mollusks are a member of the shellfish family.
And there is indeed a large market for mollusks in all parts of the world.
The truth is that no matter the part of the world that you choose to start your mollusks farming,
you are sure of making good returns if you know how to market your mollusks.
Fishery Business Opportunities in Nigeria
14. Start a Clam Farming Business
Another fishing related business that is open to all and sundry is clam farming.
Clams are members of the shellfish family and they are eaten in all parts of the world.
So, if you are interested in starting a fishing related business,
then one of your options is to go into clam farming. Just ensure that you do your due diligence.
And you won’t have to struggle much with the business.
Fishery Business Opportunities in Nigeria
15. Raising and Harvesting Other Aquaculture
(e.g. Seaweed, Alligators, Frogs and Turtles)
If you are interested in starting a fishing related business,
then you should consider raising and harvesting other aquaculture such as seaweeds,
alligators, frogs and turtles etc.
There is indeed a large global market for seaweeds alligators,
frogs and turtles provided you know how to channel your marketing energy to the right target market.
Fishery Business Opportunities in Nigeria
16. Start a Fish Processing Plant
When fish farmers harvest fishes, all the fishes are not just sold directly to end consumers.
There are businesses in the value chain of the fishing industry that also make money from fishing.
Fish processing plant is one of such businesses.
A fish processing plant is a food processing plant that processes and packages various types of fishes.
One good thing about processed fish is that they can be exported to other countries of the world.
So, if you are looking towards starting a fishing related business,
then one of your options should be starting a fish processing plant.
Fishery Business Opportunities in Nigeria
17. Open a Fishing Tools and Accessories Store
Another flourishing and of course profitable fishing related business idea,
that an aspiring entrepreneur should consider starting is to open a store,
where everything about fishing will be sold.
Fishing tools and accessories such as hooks,
nets, floaters, baits, containers, lines amongst others.
In other to do pretty well with this type of business,
you should ensure that your fishing tools and accessories store,
is located in a fishing community or close to a coastal area.
Fishery Business Opportunities in Nigeria
18. Fishing Vessels and Boat Production Plant
Another thriving and profitable fishing related business howbeit capital –
intensive business that you can start is to open a fishing vessels and boats production plant.
This is one business that can produce and sell its products all across the globe.
In order to get your own fair share of the available market,
then you must ensure that you follow the trends in the industry,
when it comes to coming up with designs of fishing vessels and boats.
Fishery Business Opportunities in Nigeria
19. Open a Fresh Fish Shop
Selling fresh fish is yet another thriving and profitable fishing related business that anybody can start.
You don’t need to be a fish farmer to successfully run a fresh fish shop.
If you have access to fishermen, then you are good to go.
You can open your fresh fish shop in a food hub or a farm market.
Just ensure that you know how to get supply of fresh fish and you will do pretty well with this business.
Fishery Business Opportunities in Nigeria
20. Start a Pond Construction Business
If you are good with construction,
then one of the fishing related business ideas that you should consider starting is,
To go into the construction of fish ponds for fish farmers
Or those who are interested in starting a fish farm.
The fact that fish ponds of various sizes can be constructed in any location makes this business lucrative.
In order to do pretty well with this business,
ensure that you get referrals from your clients.
Fishery Business Opportunities in Nigeria
21. Start a Fishing Vessel and Boat Rental Business
There are some fishermen who don’t own their own fishing vessels and boats.
What they usually do if they intend fishing in the high sea is to rent fishing vessels and boats.
So, if you live around a fishing community and you intend starting a fishing related business,
then one of your best options is to go into fishing vessels and boat rental business.
The truth is that this type of business is highly profitable and thriving in fishing communities.
Fishery Business Opportunities in Nigeria
22. Construction of Aquariums Business
Another fishing related business that is open to an entrepreneur that has construction background is the construction of aquariums.
Aquariums come in different sizes and shapes and it takes someone who is trained to know how to construct them. So,
if you intend starting a fishing related business,
then one of your options is to go into the construction of aquariums.
Fishery Business Opportunities in Nigeria
23. Start Selling Aquariums
Selling aquariums is another fishing related business that an aspiring entrepreneur,
who is interested in the fishing industry should consider starting.
You don’t need to know how to construct aquariums before venturing into the sale of aquariums.
All you need to do is to know how to get aquariums,
get tropical fish and how to effectively run a business.
The truth is that if your aquarium shop is centrally located
And you have different shapes and sizes of aquariums,
then you won’t struggle to attract customers.
It is a cool way of making money.
Fishery Business Opportunities in Nigeria
24. Start Breeding and Selling Baits
The fact that it is difficult to go fishing without a bait means,
That those that are in the business of breeding and selling baits would always make money from fishermen.
If you are interested in starting a fish related business,
then one of your options is to start breeding and selling baits.
You can start with worms, maggots, and crickets etc.
and sell them directly to fishermen. In order to do pretty well with this business,
you must ensure that your bait shop is located around a fishing community.
Fishery Business Opportunities in Nigeria
25. Start a Fishing Competition
If you are good with organizing events,
then one of the fishing related businesses that you should consider starting is organizing fishing competitions.
As a matter of fact, there are loads of fishermen from all across the United States who travel from far and near to participate in fishing contests.
The truth is that if your prize is attractive and you have good sponsorship,
then you will attract some of the best fishermen and women from all across the country.
Fishery Business Opportunities in Nigeria
26. Fish and Pay or Catch and Release
Another fishing related business that can be started by someone who own ,
A lake around his or her property is fish and pay or catch and release.
People who pay to fish and pay or catch and release do it for leisure.
You can as well give people the option of picking up membership from your private lake.
They can come in and fish at any point in time.
Fishery Business Opportunities in Nigeria
27. Start a fish Smoking Business
Going into fish smoking and drying is yet another fishing related business that,
an aspiring entrepreneur with little business skills can start.
Fish can be harvested in excess in some seasons and if they are not properly frozen, they can get spoilt.
This means that any business that helps in preserving fishes will always be profitable.
One good thing about this business is that you can run a fish drying and smoking business.
In Norway and have your biggest customers in Africa.
This goes to show that fishes that are properly smoked can be exported to any country of the world.
Fishery Business Opportunities in Nigeria
28. Sale of Fish Medications and Nutrients
People that run fish farms usually need medications and nutrients for their fish.
The fact that fishes can become sick and die makes fish medications and nutrients a necessity.
So, if you are looking towards starting a fishing related business,
then one of your options is to open a shop where fish medications and nutrients will be retailed.
Fishery Business Opportunities in Nigeria
29. Production of Fish Medications and Nutrients Business
If you are a pharmacist or a vet doctor,
one of the fishing related businesses that you should consider starting,
Is to go into the production of fish medications and nutrients.
Despite the fact that there are various brands of fish medications and nutrients in shelve out there,
any entrepreneur who comes up with a unique product will always get a fair share of the available market share in the country.
Just ensure that your fish medication and nutrients are effective and you won’t have to struggle much with your marketing and sales.
Fishery Business Opportunities in Nigeria
30. Offer Vet Services to Fish Farms
Another fish related business that is apt for a vet doctor is to start offering vet services to fish farms.
No doubt, fish farmers usually consult vet doctors once in a while,
And if you are well positioned as a vet doctor with good grasp of how to treat fishes,
then you will most likely be the ‘go to vet doctor’.
Just ensure that you give out your business cards to all the fish farmers you come across and you will do fine with this business.
Fishery Business Opportunities in Nigeria
31. Start a Fish Photography Business
Have you ever wondered how the pictures of fishes under-water are captured?
In case you don’t know, they are captured by professional fish photographers.
As a fish photographer, you can choose to work for the government,
the private sector or run your own private practice.
If you run your own private practice, you can compile,
And sell breathtaking pictures of fishes to clients.
So, if you are looking towards starting a fishing related business,
And you have background in the photography industry,
then one of your best options is to go into fish photography business.
Fishery Business Opportunities in Nigeria
32. Start a Fish Documentary Business
Fish documentary business is yet another highly thriving,
And profitable fishing related business that someone who is into film production can successfully start.
All you need to start this type of business is interest in fishes and little technical skills on how to film under water.
If you have watched National Geography TV channel,
you will realize how promising the fish documentary business is.
So, if you are looking towards starting a fishing related business,
then you should consider starting a fish documentary business.
If your production is unique, you will attract sponsorship,
And your documentary will be aired on national TV and satellite TV stations.
Fishery Business Opportunities in Nigeria
33. Start a Fishing Blog
Another interesting fishing related business that an aspiring entrepreneur,
Can successfully start is to start blogging on fishing and fish related contents.
The truth is that the internet is so vast that any niche you choose to settle with.
Can actually fetch you good money if you know how to generate contents that are useful to your readership base.
One good thing about the blogging business is that you can actually start blogging with just a laptop.
And internet subscription and still make mega bucks.
It is important to state that it is competitive out there when it comes to blogging,
so you must ensure that you come up with useful info about fish and fishing.
Fishery Business Opportunities in Nigeria
34. Start Writing Books About Fishes and Fishing
If you are an author or a gifted writer and you have interest in fishing and fishes,
one of the fishing related businesses you can start is to author several books on fishes and fishing.
The truth is that if you book is captivating and educative,
then you won’t have to struggle much to sell the books.
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Fishery Business Opportunities in Nigeria
35. Supplying of Ice to Fishing Vessels
Another easy to setup fishing related business that an aspiring entrepreneur,
who is interested in the fishing industry should consider is to start supplying ice to fishing vessels.
The fact that most fishermen that go fishing on the high seas need ice to preserve their fishes,
before selling them off in the fish market,
shows that those that supply ice to fishing vessels will always be in business.
All you need to get this business started is a freezer and container to transport the ice.
You have to rent a speed boat to be able to reach out to fishing vessels that are in the high seas.
Fishery Business Opportunities in Nigeria
36. Run a Fishing Club for Kids
There are parents who would want to take their kids fishing during the holidays as part of fun trips.
Usually, they do take their kids along for leisure fishing,
but in some instances parents would not have time to spare for such fishing leisure,
hence the need to enroll their kids in fishing clubs.
If you are an experienced fisherman and you are gifted with working with kids,
then one of your options when it comes to starting a fish related business is to run a fishing club for kids.
Kids that enroll in your fishing clubs are expected to pay annual subscription fees.
And you may as well sell fishing wares to them.
That is how you are expected to make money from the business.
Fishery Business Opportunities in Nigeria
37. Start a Fishing Vessels and Boats Servicing and Repair Business
The fact that fishing vessels and boats are usually subjected to wear
And tear makes fishing vessels and boats repair business a viable fish related business that can be started in a fishing community.
If you have engineering background and you are looking towards starting a fishing related business,
then one of your options is to open a business that specifically repairs,
services and maintains fishing vessels and boats.
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Process in Nigeria
Fishery Business Opportunities in Nigeria
38. Fishing Net Repair Shop
Sometimes, when fishermen have bumper harvest,
there is the likelihood for their nets to get torn during the process hence the need to sew it
Or take it to professionals that know how to mend fishing nets.
If you are interested in starting a fishing related business,
then you should consider opening a workshop that specializes in repairing and mending fishing nets.
Please note that you may have to go and learn the skills of repairing and mending fishing nets.
The truth is that it is not a difficult skill to learn and it might not take you up to 3 months to learn this trade.
Fishery Business Opportunities in Nigeria
39. Production of Hooks, Floaters, Fishing Nets, and Fishing Lines
If there is one fishing related business idea that you can hardly get wrong when fully launched.
Is a business that is into the production of fishing hooks, floaters, nets and fishing lines etc.
The fact that these are key fishing implements makes this business a viable and profitable business.
So, if you are looking towards starting a fishing related business,
then one of your options is to go into the production of hooks, floaters, fishing nets and fishing lines etc.
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