Poultry farmers seek more government intervention for sector

Date:

December 19, 2023.

Thank you for reading this post, don't forget to subscribe!

Azonuchechi Chukwu.

The Poultry Association of Nigeria (PAN) has called for increased government intervention in the sector as it projects low sales of chicken during yuletide seasons.

The PAN Lagos state chapter chairman, Mr Mojeed Iyiola, made the appeal in an interview with newsmen on Monday in Lagos.

Iyiola said that the challenges faced in the sector were numerous ranging from high cost of feed to the day-to-day running of the farms.

He commended the Lagos State Government (LASG) for the provision of palliatives (maize) but also appealed for more interventions.

According to him, the cost of feed and day-to-day management of the farm gulps a lot of the capital.

“Poultry farmers have lamented the high cost of maize and other major components of feed milling which has made a lot of them close shop.

“The case is that it has been difficult for us in the sector; however, LASG has started coming to our aid within their own abilities.

“The area of their response is in the provision of grains; three weeks ago, LASG gave us some grains to cushion the high cost of maize.

“But the palliative is just like a drop in an ocean, we still need interventions in the sector.

“Maize was one of the major ingredients in formulating feed for the birds, we appreciate the government’s efforts so far but we hope for more support.’’

Iyiola also noted that poultry farmers were getting prepared for the yuletide sales but due to the economic situation in the country, demands for the produce had been low.

According to him, poultry farmers are gearing up for the yuletide sales and despite the various challenges faced in the sector, they can meet the demands of chicken for the season.

“The demand is not even there as such, even though we have limited number of chicken to be sold for the Christmas.

“However, with the current situation of the economy, the demand power is not as much as it was before.

“Presently, the prices have not really changed despite the high cost of production; an old layer cost ranges from N4000 and above depending on its size.

“Last year we still sold old layers from N3000 to N3500 depending on the size also. The reason why there is not much increase in the price is due to low demand power of the consumers.

“If we were to sell at the cost of production, an old layer should sell for nothing less than N5000, the size notwithstanding.

“By now, we are meant to stock new birds that will start laying by March or April next year, but most poultry farmers have not been able to stock up,” He said. (www.naija247news.com).

Chukwu Azochukwu, The Naija247news
Chukwu Azochukwu, The Naija247newshttps://gravatar.com/azonuchechivchukwu
Azonuchechi Chukwu - Business Journalist at Naija247news.com Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at Naija247news.com. With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer Naija247news.com readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among Naija247news.com's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As Naija247news.com's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the Naija247news.com team.

Share post:

Subscribe

Popular

More like this
Related

GTBank delays reopening as core banking system upgrade takes longer than expected

14, October 2024. Guaranty Trust Bank (GTBank) has issued an...

Musa celebrates Uyo fans’ affection, 32nd birthday

15, October 2024. Ahmed Musa is appreciative of the affections...

NNPC sells PMS to IPMAN at N995/litre.

15, October 2024. The Nigerian National Petroleum Company Limited has...

Nigeria’s Air Force Acquires 24 M-346 Jets and 10 Helicopters as Fleet Renewal Plan Accelerates

ABUJA, Oct 14 (Reuters) – Nigeria’s air force is...