‘No poultry farmer makes profit in the last 5yrs’

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The Director General of the Nigerian Poultry Farmers Association (PAN), Dr. Onalo Akpa, said that the Nigerian poultry farmer has taken a significant profit in the last four to five years because of the high cost of costs.

PAN DG said this at a press conference recently held to mark World Egg Day in Abuja.

Dr. Akpa complained that in the past the federal government had come to the aid of farmers with grains and soybeans from strategic grain stocks, but that this was no longer the case.

He said that after the federal government had ceded the Strategic Grain Stocks, there was nothing in the system that could support farmers, as was the case in the past.

The State Duma stressed that with the current costs of soybeans and corn, it was almost difficult for farmers in this industry to make a profit, which reported an increase in the value of eggs on the market.

“The cost of soybeans over the past five years, according to our statistics, has grown from N30,000 per tonne to today by more than 170,000 pounds per tonne. This increase is too astronomical; the same for corn. 10 years ago, corn ranged from N20,000 to N30,000 per tonne, today corn goes to N100,000 to 120,000 per tonne, and the cost of producing eggs or poultry meat depends on the grain, and the cost of production determines the selling price, "he said.

Earlier, the President of PAN, Mr. Ezekiel Ibrahim, whose address was read by the DG, confirmed that the poultry industry in Nigeria could generate about N620 billion if 50 percent of Nigerians consumed an egg a day.

He added that with a consumption level of 50 percent, the industry can generate a daily economic value of about 1.1 billion pounds, thereby contributing to 25 percent of agricultural GDP.

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