About
GoldenFaith Farms a small scale fish farm located Isalu road by the river jetty Ajara,Topa Badagry Lagos Nigeria was established in 2007 borne out of the desire to meet the need in bridging a gap in fish supply and demand and optimizing the abundant waterways in Lagos State.
Product and Services
Our Products: Key products are: fresh fish, smoked fish and frozen fish.
Market
We service markets within Lagos and its environs most especially markets from trade fair, okokomiko, iyan-iba, agbara etc down to Badagry town. We have close to one hundred markets within that axis and in each market based on our survey we have more than twenty fish retailers in each market.Demand of Fish; Although the contribution of fisheries to the Gross Domestic Product (GDP) is only 3 - 4 %, it occupies a very significant position in the primary sector providing direct employment for over a million people. It also contributes about 50% of the animal protein intake of millions of Nigerians particularly the poor. According to the federal department of fisheries (FDF), aquaculture production increased by 29% in 2006 compared with the 1999 production level. At present, the national fish demand is put at about 2 million metric tons while local production is below 700 metric tons.
Marketing and Publicity
GoldenFaith Marketing Position of our products getting to the market or end users thus; 1. Online marketing 2. Market segmentation 3. Communication distribution through our a. Wholesalers b. Corporate c. Retailers who get their products via Coming to farm for purchase Delivery service Online orders.
Competition
There is competition in the industry but it doesn`t disturb product sales because of the high demand of our products and different cropping seasons, there will always be a demand for our products.
Our competitive environments are; Latia, Yele, and Chi Farms are competitors within the industry but they don`t have a localized presence or distribution network where the farm is situated. Our competitors outside the industry are other source of protein like the meat, chicken and tofu producers. Our competitive edges against our competitors are thus: Our competitors GoldenFaith Farms
We operate in healthy, hygiene serene and safe environment. Integrity, quality and honesty is paramount
SWOT Analysis
Strengths: We are using all three system of fish farming vats, earthen ponds and cage and pen. Cultivation period is shorter and fishes are raised bio organically. Weaknesses: We are a thriving entrepreneurial business, but are hampered by much needed capital and high bank lending rates to expand our operations, capacity output, and increased turnover. Opportunities: There exists a huge demand for fish in Lagos/fish needs deficit in the country. The marine, estuarine, lacustrine and riverine biotopes of Lagos State support varied fishery systems; there are strong artisanal and subsistence fishers in and around the State Threats: Susceptibility of the fishes to diseases
Reason For Applying_
We want to increase protein production fish farming in a bio organic and healthy manner. We are into cultivation of fish rearing, feed mill and fish processing. In addition, the farm will be involved in the packaging, processing and live distribution of cultivated fish products. We are a thriving entrepreneurial business, but are hampered by much needed capital and high bank lending rates to expand our operations, capacity output, and increased turnover. Therefore we seek your Investments Intervention
Staff and Management
Olubusola dream of having a business of her own was driven by her passion to get satisfaction from what she does - after working and not getting job satisfaction. Her love for aquaculture ignited her first fish pond in 2007. Folarin Olubusola is an indigene of Abeokuta South Local Government area in Ogun State; a graduate of AGRICULTURAL EXTENSION AND RURAL DEVELPOMENT from the UNIVERSITY OF IBADAN. She is an alumnus of the SMALL MEDIUM ENTERPRISE DEVELOPMENT AGENCY OF NIGERIA [SMEDAN] ENTREPRENEURIAL DEVELOPMENT PROGRAM. Alumni FATE FOUNDATION ASPIRING ENTREPRENEURIAL PROGRAMME [AEP] and the LAGOS BUSINESS SCHOOL, SCHOOL OF ENTERPRISE DEVELPOMENT CENTRE [EDC]. The Company has Farm assistants. These are experience farm assistants with knowledge of fish farming.The Company also has security officers. The security will ensure round the clock security checks on the farm and protection of the farm from intruders.
Notes
Fish farming has a high profit (returns) and the practice is less stressful, very flexible, and easy for monitoring and evaluation, with room for future expansion at minimal cost and integrations with other form of animal production.
