Poultry farmers lament closure of 30% farms in 6 months

Date:

July 2, 2024.

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Azonuchechi Chukwu.

The Poultry Association of Nigeria (PAN) has disclosed that over 30 per cent of poultry farms nationwide shut down in the last six months due to the challenges in the sector.

The National Publicity Secretary, PAN, Mr Godwin Egbebe, said this in an interview on Tuesday in Lagos.

Egbebe attributed the development to the high cost of operation, noting that it contributed to the high cost of eggs in the country.

“About 30 per cent of local poultry farmers nationwide have shut down their farms due to the hardship faced in the sector in the first half of the year.

“The government needs to know the severity of the situation poultry farmers are facing in the sector.

“The disbursement of palliatives are not alleviating the ills in the sector, we seek sustainable solutions to the problems on ground.

“The palliatives most times even end in wrong coffers and not legitimate farmers.

“Most farmers are leaving the sector because they cannot sustain the cost of operating their farms.

“Some have sold their cages and some have sold their farms,” Egbebe told Newsmen.

He, however, urged local poultry farmers to exercise patience and not to impulsively close their farms.

“We are appealing to our members that the current challenges in the sector is just a phase and they should not give up on the sector.

“There is actually no sector of the country that is not going through challenges currently, but we cannot allow the sector collapse.

“If the farmers sell off all their cages and equipment, they may not be able to come back to the sector when things get better,” he said.

He, however, blamed the increasing cost of feed as a major challenge to the sector.

“The price of poultry produce keeps increasing because the price of feed increases every other week.

“As at two weeks ago, we bought a 25kg of feed at N14,300, just this past weekend, it is now N14,800.

“Early this year, we bought a bag for N12,000 and it sold for N9,000 last year. The increment is affecting the sector.

“Transportation is also another major bane in the sector, transportation of poultry produce increases the cost,” he said.

The PAN Lagos state Chairman, Mr Mojeed Iyiola, had attributed the hike in the price of eggs to scarcity due to closure of farms by some poultry farmers.

“The reason for the current hike in the price of eggs is that eggs are very scarce now.

“Most farmers have sold off their old layers, and to get new stock is very expensive as the price of a day-old chick is becoming unbearable.

“Farmers able to buy day-old chicks are considered to be well-to-do. Also, a majority of our local farmers have shut down their farms due to the high cost of feed. (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.

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