Over N1.2trillion worth of chicken is consumed in Nigeria yearly with local production contributing N220billion, the Coordinator of natnudo Foods’ broiler, Mr Gbolade Adewole has said.
Adewole, who disclosed this at a media briefing in Lagos, also urged the Federal Government to be more proactive in curbing the menace of smuggling of poultry products into the country in order to strengthen production in Nigeria.
With the out-grower scheme tagged “natnuPreneur,” he said that the company as well as other poultry businesses, have the capacity to create employment opportunities for over one million Nigerians.
Adewole noted that farmers who registered under the seven weeks broiler production scheme of the company have consistently enjoyed between 7.5 per cent and 15 per cent profit on their investment per cycle.
“With a potential to conclude 5 cycles per year, efficient farmers stand to make between 37.5 percent and 75 percent profit per annum, making natnuPreneur ‘broiler out-grower’ the most profitable poultry scheme in the country,” he stated.