Some poultry farmers in the Federal Capital Territory (FCT), have appealed to government to support them with soft loans to boost their business.
The farmers made the appeal in a separate media parleys on Tuesday in Abuja.
They said that poultry farming could promote the Federal Government’s diversification of Nigeria’s economy if supported with soft loans.
Mr Sunday Yunusa, a poultry farmer in Gwagwalada, said that the business was capital intensive.
According to him, it is expensive to purchase farmlands in FCT as well as other farming inputs.
“Poultry farming in Nigeria is probably one of the most lucrative farming businesses you can do but requires adequate funding for it to thrive.
“The farmers we presently have are not producing enough poultry products because of inadequate funding.
“This aspect of livestock farming presents one of the finest opportunities for entrepreneurs to make good money as well as boost the economy,’’ Yunusa said.
Another poultry farmer in Abaji Area Council, Mrs Laraba Azaki, lamented the increase in price of feeds, saying that this had led to high cost of poultry business during the festivities.
Azaki blamed the increase in the price of feeds on the high cost of raw materials used for its production.
“The price of feeds increased by 34 per cent in 2017, compared to the price in 2016.
“A bag of starter feeds, which used to be sold for between N2, 800 and N2,900 in 2016, was sold for between N3,000 and N3, 900 in 2017.
“Demand for eggs is so high that people go about everyday looking for where to buy eggs for supply,” she said.
Mr John Audu, a poultry farmer in Kuje Area Council said: “How can anyone who wishes to start poultry farming in Nigeria be able to go about it without funding?’’.
“During the Christmas and New Year, we sold layers between N2, 000 and N2, 500, while broilers were sold between N3, 500 and N4, 000.
“The parent cock was sold for N5, 000 and N5, 500 depending on the size.
“The government, especially Ministry of Agriculture should assist farmers with soft loans to enable us boost our business.”
Audu lamented the increase in the price of feeds, saying that it affected the prices of chicken during the Christmas and New Year.
He said that he had to increase the price of his chicken during the yuletide to enable him recover his capital and also make a little profit.