• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macros
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macros
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
Nairametrics
No Result
View All Result
Home Sectors Agriculture
Poultry farmers warn of impending collapse, says farmers can no longer feed birds

Poultry farmers warn of impending collapse over inability to feed birds

William Ukpe by William Ukpe
5 months ago
in Agriculture, Business
Share on FacebookShare on TwitterShare on Linkedin

The crisis in Nigeria’s Poultry industry could get much worse as farmers lose the capacity to feed their birds, due to rising costs of maize and scarcity.

This was disclosed in a joint statement signed by Chief Sunday Ezeobiora, National President of PAN and Onallo Akpa, Director General of the association, on Monday in Abuja.

Nigeria’s Poultry industry was negatively affected this year by the naira scarcity which led to a glut and intervention in some states.

Crisis

The Poultry chief noted that the industry is on the verge of collapse if urgent steps are not taken to address the situation.

They added the rising cost of prices of maize and the scarcity of the product, as the cause of farmers closing down their poultry farms at the moment, urging farmers are no longer able to feed the birds and be in business, thereby threatening further development of the Nigerian poultry industry.

  • “We are aware that the government has declared a state of emergency on food security in the country, but the situation of the poultry industry calls for an urgent intervention to save the industry from total collapse.
  • “The poultry industry is one of the most critical sub-sectors of agriculture and allowing the industry to collapse on the watch of Nigerians, will be a disaster.
  • “Also, a disaster to the protein supply and nutrition security for the country.

Commodity Exchange

The association also made known their frustrations with the Commodity Exchange (NCX) and the Strategic Maize Reserve (SMR) of the Central Bank of Nigeria (CBN), over a cancelled allocation, they said:

  • “The industry is currently being frustrated by the Nigeria Commodity Exchange (NCX) and the Strategic Maize Reserve (SMR) of the Central Bank of Nigeria (CBN), hence it was allocated 40,000 metric tonnes of maize to assist poultry production in the country.
  • “In two weeks, they cancelled the allocation and stopped poultry farmers from lifting the maize for reasons best known to them, thereby contributing to the rising cost of the commodity.

FG intervention

They urged the NCX and the CBN, managers of the strategic maize reserve programme, to ensure the release of the 40,000 metric tonnes allocation to the sector, to salvage it from imminent collapse.

They also pleaded to the Fg to direct the Federal Ministry of Agriculture and Rural Development, to release 20,000 metric tonnes of maize from its strategic food reserves to the industry, through the association at discounted prices.

  • “Since the poultry industry is the most capitalised sub-sector of Nigeria’s agriculture, every effort should be made and every support should be given to it, so that it does not collapse, making the country a dumping ground for all sorts of poultry and poultry products from abroad.

In case you missed it

Nairametrics reported last month that Nigeria’s Poultry Farmers Association called on the incoming administration to prioritize affordable access to grains for feed production, aiming to ease the high cost of poultry production.

Mr Godwin Egbebe, the National Publicity Secretary of PAN, emphasized that the association’s members expect President Bola Tinubu’s administration to address this crucial issue.

  •  “We also seek affordable access to grains for feed production to ease the cost of production.
  • “Commercial maize and soya are obtained from the North, and we are well aware of insecurity issues there as well as the high transport cost.
  • “These are the factors that have made grains, sometimes, inaccessible and when accessible, costly,’’

He added that before the insecurity issues made ease of business harder, a ton of grain went for between N200,000 and N220,000, and now, a ton of grain was sold for between N290,000 and N310,000.

 


Download Nairametrics App for breaking news and market intelligence.
   
Tags: Chief Sunday EzeobioraPoultry farmers
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *







NM newsletters
Glo
Kwakol
Abbey
Zenth Bank
UBA
Mega Millions

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • P&G Exit: Nigerians fear price hike of diaper, sanitary pads, job loss 
  • TCN says 53 power projects worth N122 billion to be completed by May 2024
  • FG directs Julius Berger back to site to complete Bodo-Bonny road project in Rivers State  

Follow us on social media:

Recent News

P&G Exit: Nigerians fear price hike of diaper, sanitary pads, job loss 

P&G Exit: Nigerians fear price hike of diaper, sanitary pads, job loss 

December 7, 2023
Niger Republic, TCN, Electricity

TCN says 53 power projects worth N122 billion to be completed by May 2024

December 7, 2023
  • Download Nairametrics iOS App
  • Download Nairametrics Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macros
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • Login
  • Sign Up
  • Cart

© 2023 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In