Aquacultured Fish Farming (Sea-Food)

Protecting biodiversity by reducing the fishing activities on wild stock in their ecosystems.

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Eligibility Criteria

  • I confirm that I am fully aware of the eligibility criteria and terms of the Act for Biodiversity Challenge and that I am eligible to apply.
  • I am 18 years old or older.

Initiative's representative name

Collins Otuju

Initiative's representative date of birth

March 8, 1992

Initiative's representative gender

  • Man

Headquarters location: country

  • Nigeria

Headquarters location: city

Lagos

Where are you making a difference?

SAME

Website or social media url(s)

LinkedIn: Collins Otuju

Date Started

April / 2019

Project Stage

  • Start-up (first few activities have happened)

Yearly Budget : What is your current yearly budget for the initiative?

  • €10k - €50k

Organization Type

  • Youth-led initiative

1. Founding story: Share a story about the "Aha!" moment that led the founder(s) to get started or the story of how you saw the potential for this project to succeed.

Nigeria with a population of over 190 Million people has a fish demand estimated at 2.7 million metric tonnes, Only 30% of this demand is met domestically (with fresh water fish farming taking the largest %), resulting in an annual spend of over €1b on fish imports (which consist of mainly salt water wild-catch resulting to overfishing different species).

2. The problem: What problem are you helping to solve?

This Project aims to contribute its quota to protecting life in water and proffering global solution of sustainable fish provisions for growing population of over 402 million people with a need of over 70% more protein in Nigeria by 2050 compared to now by Farming.

3. Your solution: How are you working to solve this problem? Share your specific approach.

Keeping ecosystem and biodiversity intact. Start using the sea as farmers instead of hunters. Farming Sea fishes onshore. Leveraging on emerging technologies to increase production of fishes inshore and offshore hereby having a controlled natural environment for fishes to grow, providing sustainable healthy feeds ingredients. Reduce fishing pressure on Livestock. Reduce Sea food trade deficit. Ensure we have healthy fishes as there will be less pollution, Little or No effluent and been able to meet up growing demands.

4. Innovation: How are you innovating or using unique approaches to solve the problem?

Our innovative approach is offshore/inshore fish farming and agrophonics, but we started out with onshore fresh water fish farm and that has helped us identify the needs and given us access to various stakeholders in the food value chain, we are able to meet some of the demands in the community as well as getting prepared for the next line of aqua-project to preserve biodiversity.

5. Collaboration: How does your initiative seek to bring key players together to preserve biodiversity?

Everyone should be concerned with preserving biodiversity, some of the stakeholders we are hoping to partner includes but not limited to: NGOs: local NGOs; international organizations for conservation; Experts and scientists: universities and research institutes; others experts; Public authorities: governmental agencies and others governmental organizations; Local communities: citizen’s groups; indigenous communities; Coalitions and industrial associations: industrial associations on mining or forestry; Others: employees, others. Our aim is to use all resources there is to meet our goal.

6. Impact: how has your project made a difference so far — in terms of both business outputs and social impact? How do you plan on measuring progress?

Nigeria’s aquaculture industry is largely untapped. Poor access to credit, a lack of the requisite technical skills, and the unavailability of good quality and moderately priced fish feed are among the roadblocks inhibiting its expansion. The Key functionality of our innovative approach has started well in meeting the demand for fish thereby preserving biodiversity, we tested the use of electric automobile in our distribution, Our goal by 2025 is to only use less fuel and therefore reduces the emission of greenhouse gases.

7. Growth strategies: what are your main strategies for scaling your impact?

-Sustaining the Life in water by farming the ocean instead of just hunting it whereby preventing overfishing of various species. -Reduce global warming by providing a natural environment for the growth off seaweed & micro algae growth. -More sustainably managed agro- ecosystems(Increased resilience of agro-ecosystems and communities) -Improved human and animal health through better agricultural practices (Reduced livestock and fish disease risks associated with intensification and climate change) -Improved food safety (Reduced biological and chemical hazards in the food system) -Increased productivity ( Reduced pre- and post-harvest losses, including those caused by climate change.

8. Creating shared value: How does your initiative create value for society? Or different stakeholders?

-Enhanced benefits from ecosystem goods and services (More productive and equitable management of natural resources) -More sustainably managed agro- ecosystems(Increased resilience of agro-ecosystems and communities) -Reduce global warming by providing a natural environment for the growth off seaweed & micro algae growth. -Sustaining the Life in water by farming the ocean instead of just hunting it whereby preventing overfishing of various species. -Improved food safety (Reduced biological and chemical hazards in the food system) Increased incomes and employment (Diversified enterprise opportunities, Increased livelihood opportunities, More efficient use of inputs.)

9. Financial sustainability plan: can you tell us about your plan to fund your project and how that plan will be sustainable in the short, medium, and long term?

We hope to get grants to scale up, this will us have sales, and generate revenue from websites and app ads/subscription.

10. Team: what is the current composition of your current team (types of roles, qualifications, full-time vs. part-time, board members, etc.), and how do you plan to evolve the team’s composition as the project grows?

The criteria considered in choosing the team members are centered around the roles they play in the Agricultural & Trade Investment sector, how relevant their skilled and knowledge will be to the project. Excellent Communicators Well-Organized and Self-Disciplined Resourceful and Influential Individuals Proactive Members Skills and Knowledge Committed Members Beyond this team members, we would be willing to accommodate specific request tailored to the inclusions of Ashoka & VITTEL

11. How did you hear about this challenge?

  • Search engine

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