The Poultry Association of Nigeria (PAN) revealed distress over the closure of more than 50% of its farms in 2023, associating the shutdowns to sectoral difficulties.
Mr. Mojeed Iyiola, Chairman of the PAN Lagos State chapter, exposed this throughout an interview with the News Agency of Nigeria (NAN) in Lagos on Thursday.
Iyiola highlighted that poultry farmers dealt with troubles in fulfilling the increasing need for poultry items due to the closure of a substantial part of their farms.
He mentioned,
“Most poultry farms in the nation shut down in 2015 due to troubles dealt with in the sector.”
“We are presently not able to satisfy the needs of eggs due to the scarcity of poultry farms. Currently, we have a really low supply of eggs with growing needs.”
“This is due to the fact that absolutely nothing less than 50% of poultry farms around the nation have actually closed down.”
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“In reality, due to the lack of supply, a dog crate of egg costs as high as N3,000 and above even from the farm gate.”
“We do not hope that the cost keeps increasing since it is harmful to the typical customer,”
According to Iyiola, continual federal government interventions at all levels, especially in supporting feed inputs, are vital for the success of the sector.
The poultry market has actually been damaged by increased production expenses occasioned by the increase in maize costs- a significant component in poultry feed production.
The cost of maize for instance has actually increased by 79.23% year-on-year from N329.05 for 1kg in December 2022 to N589.75 by December 2023. The regular monthly boost was 5.47% from N559.18 taped in November 2023.
According to the National Bureau of Statistics (NBS) food cost index for December 2023, the expense of chicken feet increased by 81.71% year-on-year basis from December 2022 to December 2023.
The cost of medium Agric eggs has actually increased year-on-year from December 2022 to December 2023 by 52.09%. For month-on-month inflation in eggs 4.39%.