Nutreco Feed Tech Challenge 2018

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Fish Entrepreneur Development Project (FEDEP)

Fish Entrepreneur Development Project (FEDEP) is an initiative to train and empower rural people in fish farming enterprise. The farmer’s are provided with outgrower fish ponds on our 36 acres fish farm estate. we train them on:

Farming as a business

Good Aquaculture Practice


Group  management dynamics 

They are supplied with Juvenile fish for stocking, supply fish feed to them and after production, we buy off all the fish produced for value addition and marketing.

We are currently leveraging on the Central Bank of Nigeria loan sch for farmers called the Anchor Borrowers Programme. This scheme gives One Million Naira to each farmer in a cooperative and requires them to provide 5% equity deposit in their bank account.

So, we gave farmers that have the equity the opportunity to participate and those that do not have the equity, we raise funds for them through investments from the busy executives who invest the equity for the profit while the farmer manages production for the salary.  Thus making a win win situation for booth of them.

Describe the problem your company wishes to solve and how your product or service will solve it

FEDEP is meant to reduce unemployment amongst the rural populace, produce quality fish for human consumption through value addition (smoking, filleting and canning). train and empower fish entrepreneurs. Provide offtake market for farmers within and outside our farm estate. Setting up a sustainable fish outgrower scheme.

Describe other business assistance that you are seeking from Nutreco

We are seeking further assistance from Nutreco in the area of fish feed production, fishery laboratory and staff training.

Are you available to participate in the final event in the Netherlands 28, 29, and 30 May? All expenses will be covered by Nutreco


Describe how the prize - a validation trial in our facilities - could boost the development of your business

A validation trial in your facility will boost our development as an international endorsement which will boost more funding for expansion and assist us in replicating this model in other states in Nigeria thus enhancing our brand as a formidable partner in feeding the future.

If you already have a website for your business, please share the URL


edited on Mar 29, 2018 by Ganiu Okeowo

teresa debesa Mar 29, 2018

The idea has been progressed to the next milestone.

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Ganiu Okeowo Apr 1, 2018


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Khalil Safaei Apr 10, 2018

Good luck!

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