Lagos Epe Agribusiness Business Plans and Feasibility Study on Catfish Farming

Lagos Epe Agribusiness Business Plans and Feasibility Study on Catfish Farming

Lagos Epe Agribusiness Business Plans and Feasibility Study on Catfish Farming is just a sample of what we can do. Similarly, Business plans and Feasibility study Report is your winning tool in Business. Most people fail in Business because their business was not planned well. Chris farms and Extension Services, Alias Chris Farm Nigeria is a first Hand Business Developer. furthermore, we specialize in developing your business via giving you a unique strategy to win in business. Don’t just start up your business without a good business plan to avoid mismanagement of resources. Contact US TODAY. Intuitively, Lagos Epe Agribusiness Business Plans and Feasibility Study on Catfish Farming is a short tip Catfish Business.

Lagos Epe Agribusiness Business Plans and Feasibility Study on Catfish Farming

 

Agribusiness Business Plans and Feasibility Study on Catfish Farming

Firstly, the Agricultural Sector is our primary sector when it comes to food productivity. This involves the exchange of natural resources into primary product through farming business. Similarly, farming business is a lucrative business that lurches millions into anyone’s pocket irrespective of what you do or your qualifications but needs a diligent hand in other to get a slot. It is an important sector of the economy that can provide a significant, economic, or social change. Its impact has the propensity to affect the general public positively, if planned well, both in food provision, skill acquisition, employment opportunities and many more. Finally, get a Business plan and a feasibility Study today, lets Start up. 

This Business plan and Feasibility study on Catfish farming business was conducted using projections, impressive publications, compounding interest/values, tables, graph, profits analysis and cash flow positions in other to give a clear picture of what is obtainable inthat location, using six plots of land at, “Epe LGA, Lagos State, Nigeria” as a case study Epe local government area is in the eastern senatorial district of Lagos State otherwise known as Lagos East Senatorial District alongside Kosofe, Shomolu, Ibeju-Lekki and Ikorodu local government areas. Epe local government area also forms a federal constituency, and thus sends a representative to the federal House of Representatives in Abuja F.C.T, Nigeria. Epe local government area covers an area of 965 km² with a population of 181,734 as at the 2006 national population census. Having 91,925 males and 89,809 females. Likewise, Epe local government area is the second smallest local government area by population in Lagos State. Epe local government council is in charge of public administration in Epe, with an executive local government Chairman alongside 19 Councillors representing the 19 wards of the local government area. The primary occupation of the people is Agriculture with emphasizes on Fishing. Furthermore, 80 percent of the total land area is arable. The state has an evergreen forest vegetation and the soil is mostly suitable for the cultivation of cash crops such as oil palm, cocoa, rubber, cotton. Cassava, pineapple, cocoyam, citrus, banana, plantain etc and other food crops produced in the state. After carrying out the feasibility study and business plans at Epe LGA of Lagos State, Nigeria”, it was discovered that farming generally will do well both on crop and animal production, in which catfish farming is not an exemption with lots of dispatch outlets like; hotels, eateries, spotlights, bars, event planners, families and nearby towns. Investing Twenty Seven Million, Nine hundred and forty Seven Thousand Naira only on Catfish farming business is a very lucrative one. Using profitability index to determine how lucrative the business is, we got a viable result of 1.12% returns on the third year (maximum breakeven point is 2 years and 11 months). That tells us that, after three years’ time, the business will break-even generally, and its profit projection will emerge.(in a simpler way; the business has been able to pay back its initial investment capital and still have enough money to run its affairs successfully without any help from any source). And if the anticipated fund is borrow for the business startup, The business will fully paid back on the third year using compounding interest (that means; “loan repayment year” is two years and eleven months). 

Contact us today lets prepare a Business Plan and a Feasibility study on any Agroline business.

2.0       SECTION II

2.1 STUDY AREA

Epe is the traditional settlement of the Ijebu people (a subgroup of the Yoruba people). It lies on the north bank of the coastal Lagos Lagoon and has road connections to Ijebu-Ode and Ikorodu. Likewise, Epe is a local government area in Lagos State, with headquarters in the town of Epe. Similarly, the Paramount ruler of Epe Kingdom is the Oloja of Epeland, Oba Kamorudeen Animashaun. Moreover, Epe is pronounce Ekpe by the Yoruba people. In the pasted, before Epe settlement came to begin, the town had earlier been known as Igbo Obo (Forest of Monkeys). Some group of hunters from Ijebu, led by one Urankaloye or Uraka had visited this part of the world during a hunting expedition in search for animals.

Secondly, Epe was official established as the chief port (slaves, cloth, agricultural produce) for Ijebu-Ode (17 mi [27 km] north-northwest), the capital of the Ijebu kingdom in the mid-18th century. It later served as the refuge for the forces of Kosoko, the Yoruba king ousted from Lagos (42 miles [68 km] west-southwest) by the British in 1851. In 1892 Epe was the embarkation point for the military expedition sent by Sir Gilbert Carter, the governor of Lagos, to defeat the awujale (the Ijebu political and spiritual ruler) at Ijebu-Ode.

Similarly, modern Epe is a collecting point for the export of fish, cassava (manioc), corn (maize), green vegetables, coconuts, cocoa, palm produce, rubber, and firewood to Lagos. Special leaves useful in preserving kola nuts are trucked to Ijebu-Ode, Shagamu, and the other main kola-shipping towns. Furthermore, Epe is best known for its construction of the motorized, shallow-draft barges that navigate the coastal lagoons. Fishing is the major occupation. The town is served by secondary schools, several hospitals, and a health office

Epe local government area is in the eastern senatorial district of Lagos State otherwise known as Lagos East Senatorial District alongside Kosofe, Shomolu, Ibeju-Lekki and Ikorodu local government areas. Similarly, Epe local government area also forms a federal constituency, and thus sends a representative to the federal House of Representatives in Abuja F.C.T, Nigeria.

Likewise, Epe local government area covers an area of 965 km² with a population of 181,734 as at the 2006 national population census. Having 91,925 males and 89,809 females. Likewise, Epe local government area is the second smallest local government area by population in Lagos State. Lastly, Epe local government council is in charge of public administration in Epe. Similarly, with an executive local government Chairman alongside 19 Councillors representing the 19 wards of the local government area.

The primary occupation of the people is Agriculture with emphasize in fishing. Furthermore, 80 percent of the total land area is arable. The state has an evergreen forest vegetation and the soil is mostly suitable for the cultivation of cash crops such as cocoa, oil palm, rubber and coconuts. Intuitively, Food crops among others are; Cassava (manioc), corn (maize), green vegetables, and others.

After carrying out the feasibility study and business plans at “Epe” LGA of Lagos State, Nigeria”. It was discovered that farming generally will do well both on crop and animal production, in which our farm produce is not an exemption.

Source;
June, 2019 field work

4.2.1        MARKETING SIZING TOOLS
Name
Status
Population
Census
1991-11-26
Population
Census
2006-03-21
Population
Projection
2016-03-21
Lagos
State
5,725,116
9,113,605
12,550,600
Agege
Local Government Area
417,981
461,743
635,900
Ajeromi-Ifelodun
Local Government Area
593,561
687,316
946,500
Alimosho
Local Government Area
430,890
1,319,571
1,817,200
Amuwo-Odofin
Local Government Area
225,823
328,975
453,000
Apapa
Local Government Area
154,477
222,986
307,100
Badagry
Local Government Area
119,267
237,731
327,400
Epe
Local Government Area
101,464
181,734
250,300
Eti-Osa
Local Government Area
157,387
283,791
390,800
Ibeju/Lekki
Local Government Area
24,937
117,793
162,200
Ifako-Ijaye
Local Government Area
233,341
427,737
589,000
Ikeja
Local Government Area
203,383
317,614
437,400
Ikorodu
Local Government Area
184,674
527,917
727,000
Kosofe
Local Government Area
412,407
682,772
940,300
Lagos Island
Local Government Area
165,996
212,700
292,900
Lagos Mainland
Local Government Area
273,079
326,700
449,900
Mushin
Local Government Area
539,783
631,857
870,100
Ojo
Local Government Area
215,837
609,173
838,900
Oshodi-Isolo
Local Government Area
449,781
629,061
866,300
Shomolu
Local Government Area
358,787
403,569
555,800
Surulere
Local Government Area
462,261
502,865
692,500
OGUN
STATE
2,333,726
3,751,140
5,217,700
GAbeokuta North
Local Government Area
93,966
198,793
276,500
Abeokuta South
Local Government Area
250,295
348,200
Ado-Odo/Ota
Local Government Area
234,647
527,242
733,400
Ewekoro
Local Government Area
55,093
76,600
Ifo
Local Government Area
215,055
539,170
750,000
Ijebu East
Local Government Area
61,120
109,321
152,100
Ijebu North
Local Government Area
148,342
280,520
390,200
Ijebu North East
Local Government Area
68,800
95,700
Ijebu Ode
Local Government Area
157,161
218,600
Ikenne
Local Government Area
119,117
165,700
Imeko Afon
Local Government Area
82,952
115,400
Ipokia
Local Government Area
150,387
209,200
Obafemi-Owode
Local Government Area
135,774
235,071
327,000
Odeda
Local Government Area
86,950
109,522
152,300
Odogbolu
Local Government Area
88,384
125,657
174,800
Ogun Waterside
Local Government Area
61,919
74,222
103,200
Remo North
Local Government Area
59,752
83,100
Sagamu
Local Government Area
155,726
255,885
355,900
Yewa North (Egbado North)
Local Government Area
183,844
255,700
Yewa South (Egbado South)
Local Government Area
168,336
234,200

 

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Similarly, it shows how much it will cost you to own your desired business, what your money can afford. The kinds of product you will need to minimize input in other to maximize output. Likewise, how much returns you will get at the end of each accounting year until your business break-even on its initial investment capital. Lastly, this will give the intending business person or investor or farmer, a vivid idea on the possible benefit he or she stands to gain, when he or she starts doing the business. However, the intending business person or investor or farmer will not need a soothsayer to make decision for him or her.

 

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