“I Started With 100 Fishes”: Auchi Poly Graduate Becomes Successful Fish Farmer After Starting Small
Interestingly, Olalekan started very small when he made up his mind to go into fish farming.
He started small
He narrated his humble beginning to Legit.ng during an interview and said his determination has made him go far in the business. Apart from becoming an established farmer in Lagos, he now takes time to teach upcoming fish farmers.
His words:
“After successfully completing my HND at the Federal Polytechnic Auchi, I officially went into fish farming fully. I am a certified catfish farmer and very passionate about educating people about profitable catfish farming. I am also a graphics design enthusiast, a content creator in fish farming and a foodstuff merchant. Sholeks Farms started with just 100 post fingerlings in a single 1000-litre plastic fish pond, but as of today, it is a 10,000-capacity fish farm.”
Fish farming in Nigeria is profitable in Nigeria
Olalekan described the fish farming business as a highly profitable one if one perseveres and never gives up. He said the profit margin is high once one overcomes the initial challenges.
He said:
“There is a huge profit margin for properly managed catfish farming in Nigeria. But before deciding to go into the business, bear in mind that high expectations from the business will lead to utmost disappointment. Understanding that it is a livestock business and any business that involves life is a very risky business, and this will help you as a first-timer– it’s prone to loss. Therefore, it is not a business for the faint-hearted.”
Don’t be discouraged by the loss
But Olalekan said the business can also be very risky. He said there are cases where farmers lose their fish to death. In his opinion, loss should not be a discouraging factor in fish farming. He said it is part of the business and that giving up would ensure that farmers may not make it in the end.
He said:
“As lucrative as the business is, there are so many recorded cases of losses and success.”
There is a big market for catfish in Nigeria
According to Olalekan, good business models and adequate farm management practices kept him afloat over the years. Another thing that is needed to run a successful fish farm such as the one he has is determination and stable finances.
He said:
“A successful catfish farmer is one who figures out ways to manage and maximize the profits from the farm. The business has different factors working together that result in a successful business model. Either big or small scale, a farm needs good management, stable finance and determination.”
Olalekan said the demand for catfish, which is the type he farms, is continuously on the rise in Nigeria. He said rising demand has made many Nigerians consider going into catfish farming.
His words:
“Fish farming in Nigeria is currently a very lucrative business, and it is mainly boosted by the continuous rise in the demand for catfish, which no one can ever meet the demand.”
