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isaac·Fishing· May 17, 2026

Why Borrowing ₦5M for Fish Farming Almost Broke Me

Why Borrowing ₦5M for Fish Farming Almost Broke Me

I was tired of seeing endless success stories about fish farms online. So I borrowed ₦5 million from my cooperative, friends, and family. With no mentor or practical training, I stocked 5,000 post-fingerlings. The first weeks looked promising, but then mortality crept in. I scrambled from one online tip to another without a clear plan. Inflation drove up feed costs. Buyers delayed, prices fell, and my fish overran the expected harvest date. Debt calls replaced sleep as I prayed the fish would survive. Fish farming can be profitable, but you need experience, mentorship, and proper planning. Start small, learn the basics, and prepare before you borrow.

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