Feasibility Study On Fishery Farming Using New Karishi Area In Nasarawa State Nigeria
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Introduction To Feasibility Study On Fishery Farming Using New Karishi Area In Nasarawa State Nigeria
A Feasibility study carried out on fishery farming business, using new karshi location as a case study on 2plot of land. New Karu is the headquarters of Karu local Government Area, Nasawara State and a suburb of Abuja, Nigeria’s capital city. It is one of the largest towns that make up the greater Karu urban center in Nasarawa state. Intuitively, this is a conurbation consisting of towns and villages along the Keffi-Abuja expressway making up the Nyanya-Masaka urban center.
The major towns that make up this urban area are;
- Firstly, Mararaba
- Secondly, Ado
- Thirdly, New Nyanya
- Finally, Masaka
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According to the 2006 census, the population of mainly New Karu town was 205,477; it was originally built to house the capital’s civil servants and lower income families. Intuitively, it has no running water or good sanitation system as when the feasibility study was carried out. New Karu, Kurunduma and villages that grew up as a result of the expansion of administrative and economic activities of Abuja, coupled with the evacuation of tens of thousands of people from Abuja by the Federal Capital Territory (Nigeria) (F C T) administration has created a massive increase in population in these areas. This scenario has increased the general demand of goods and services in which agriculture production is not left out.
Fish Farming Is A Lucrative Business
Furthermore, farming business is a lucrative business that lurches millions into anyone’s pocket irrespective of what you do or your qualifications. Is an important sector of the economy that can provide significant, economic, and social impact which will affect the general public positively, both in food provision, skill acquisition, employment opportunities and many more…..
But always note; “that a diligent hand will always have a slot”
Executive Summary On Feasibility Study On Fishery Farming Using New Karishi Area In Nasarawa State Nigeria
- Firstly, feasibility study on poultry and fishery farming business, on 2plots of land, using new karshi as a case study.
- Karu is the headquarters of Karu local Government Area, Nasawara State. It grew up with other towns and villages as a result of the expansion of administrative and economic activities of the Federal Capital Territory “Abuja”, Nigeria. This rapid growth has increased the general demand of goods and services in which agriculture production is not left out.
- Similarly, farming business is a lucrative business and also an important sector of the economy that can provide significant, economic, and social impact which will affect the general public positively, both in food provision, skill acquisition, employment opportunities and many more…..
- After carrying out the feasibility study on new karshi, it was recorded that farming generally will do well both on crop and animal production.
- Also, for poultry and fishery business, there is good market for them since there are big markets in Mararaba, Ado, New Nyanya and other dispatch outlets like; hotels, spotlights, bars, bakeries, event planners, families and nearby towns like Abuja (about 30km from the site).
- Finally, investing N46, 073,080 (N23, 091,480 →for construction, N22, 981,600→For Production and Running cost) on fishery business using 2 plots of land is a very lucrative one. Using profitability index to determine how lucrative the business is. We got a viable result of 1.05% returns on business in the next sixth year. That tells us that, after the sixth year time, the businesses will break-even and your profit projection will emerge.
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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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