13 weekly installments • 31%
My name is Olafare Adeola
I'm from Nigeria. I am a trader and a farmer, I buy crayfish and dried fish directly from the fisherman, and resell in wholesale in the city.
I'm into fish farming and fish business, I sold in wholesale to the people in the market once in a week. I have been in the business for about 2years and is a lucrative one for me
Smoked catfish business is an opportunity waiting to be tapped. How to start dried and smoked catfish business in Nigeria. Venturing into dried and smoked catfish business is indeed a big business with unimaginable potentials as those doing it are making serious money from it already.
Apart from having fish ponds which many has discovered to be like having an automatic ATM at their backyards, dealing on dried fish or smoked and packaged fish has become a serious income generator for those doing it in the right way. You can sell to the open market or supply to the supermarkets and stores.
A kilogram of catfish goes between N400 to N600. Each of these costs about N100 to have it processed and packaged.
You can retail to your customers at the rate of N1,500 or more. You can as well take your goods to some supermarkets at the rate of N800 or N1,000 while they sell at any price of their choice.
Mar 14, 2021
Cost to entrepreneur
Service fee: 5% of $106.12 = $5.15
Credit risk payment: $18.54
Optional expediting fee: $10.30