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SMOKED CATFISH PRODUCTION IN NIGERIA; HOW VIABLE?

Nigerian agriculture is characterized by considerable regional and crop diversity.  Analysis of this sector, particularly the food sub-sector, is fraught with serious data problems.  However, the available statistics provide a broad overview of development in agriculture upon which we can make some broad generalizations about its role in economic development and structural change in Nigeria.

In the 1960s, the agricultural sector was the most important in terms of contributions to domestic production, employment and foreign exchange earnings.  The situation remained almost the same three decades later with the exception that it is no longer the principal foreign exchange earner, a role now being played by oil.

The sector remained stagnant during the oil boom decade of the 1970s, and this accounted largely for the declining share of its contributions.  The trend in the share of agriculture in the GDP shows a substantial variation and long-term decline from 60% in the early 1960s through 48.8% in the 1970s and 22.2% in the 1980s. Unstable and often inappropriate economic policies (of pricing, trade and exchange rate), the relative neglect of the sector and the negative impact of oil boom were also important factors responsible for the decline in its contributions.

On its diversity, Nigerian agriculture features tree and food crops, forestry, livestock and fisheries.  In 1993 at 1984 constant factor cost, crops (the major source of food) accounted for about 30% of the Gross Domestic Products (GDP), livestock about 5%, forestry and wildlife about 1.3% and fisheries accounted 1.2%.

However, the great attention given to by the democratic government to agriculture has encouraged many Nigerians into fish farming business. Fish is a perishable item. It requires adequate preservation to keep long. It is usual for fish to be preserve under frozen condition but the current irregular supply of electricity is a major challenge even though the power supply situation has recently improved considerably. Apart from freezing or low temperature preservation, another form of preservation that has saved fish farmers, fish merchants/sellers etc from losses is smoking. The demand for fish and fish products is increasing daily in Nigeria. This has resulted to increased fish production activities to meet the local demand.

Smoked fish are fish that have been cured by smoking.

Foods have been smoked by humans throughout history. Originally this was done as a preservative. In more recent times fish is readily preserved by refrigeration and freezing and the smoking of fish is generally done for the unique taste and flavour imparted by the smoking process.

There is high demand for smoked catfish in Nigeria. With a population of over 165 million people and an estimated national population growth rate of 5.7% per annum ,an average economic growth rate of 3.5% per annum in the past five {5} years, Nigeria has a large market for smoked catfish. It consumption cuts across every strata of the society both the rich and poor.

There is high demand for fish in Nigeria. The estimated annual national demand for fish in Nigeria is 2.3 million tones out of which market research evidence shows that one in every 500 of this total demand represents the demand estimate { i.e. 4,200} for smoked fish.

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At Foraminifera Market Research {www.foramfera.com}, we provide bespoke and up to date market research reports for start-ups and those already in business.

Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies.

You can order our detailed feasibility report on smoked catfish production Nigeria by clicking on the link below.

Report Title: SMOKED CATFISH PRODUCTION IN NIGERIA; THE FEASIBILITY REPORT.

Report Code: FORA/SMOKEDFISH/FMR/12352780

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