The Chairman of the Poultry Association of Nigeria (PAN), Oyo State chapter, Mr. Omidokun Oyekunle, has revealed that nearly half of the poultry farmers in the state have gone out of business.

Oyekunle shared this information during an interview with the News Agency of Nigeria (NAN) on Wednesday in Ibadan.

He highlighted that the poultry industry contributes about 25%to Nigeria’s GDP and warned that if the current rate of business closures in the sector is not addressed, it could have adverse effects on the nation’s economy.


Oyekunle called on the Federal and State Governments to take immediate action to support those who have already exited the business and to provide encouragement to those still operating.

He urged the government to offer soft loans to poultry farmers in the state at interest rates no higher than five percent, along with other interventions such as access to raw materials, particularly maize and soybeans.

Oyekunle pointed out that one of the major challenges facing poultry farmers is the high cost of poultry feeds, especially maize and soybeans, which are critical ingredients in poultry feed production.

He said, “Majority of poultry farmers are no longer using the new maize because of its moisture content; it will affect production and the eggs of the birds.”

“What those who are using it do is that they grind it, spread it and wait for about five days and even add some preservatives, but the weather is not favourable,”

“This is a major problem confronting us, especially when you look at the production cost and the amount we sell eggs. You will find out that there is no enough profit margin to keep the business running and that is why poultry farmers are closing down and cost of eggs increasing,”

Impact of frozen chicken import on poultry industry
Oyekunle further mentioned that the importation of frozen chicken was significantly impacting the market price of locally produced chicken, and he stressed that this should not be allowed to continue if poultry farmers are to remain in business.

He also praised the federal government for allowing the importation of maize, noting that this move would eventually help reduce production costs and encourage more people to return to the poultry industry.

He highlighted the current challenges faced by poultry farmers, stating that a 25kg bag of broiler feed now costs N25,600, which is insufficient to feed more than 200 birds. However, he expressed optimism that the recent government-approved importation would help lower these production costs.

Source: https://nairametrics.com/2024/08/14/half-of-poultry-farms-in-oyo-state-have-shutdown-associations-chairman/

In Asa's voice, there's fire on the mountain, but there's no one on the run!

Just one year into Tinubu presidency, Nigerians are losing on all fronts. Only God knows what will happen when he completes his 4 years.

Why will fowl feed not be expensive when you need soya beans, maize and other things combine to produce their feeds? A 25kg bag goes for almost 20k.

A create of egg we bought 450-#850 depending on size is now #4,200.

Tinubu is a bastard

EZIGBO NSOGBU DI N'OBODO A.
AGWO NO N'AKIRIKA

Supepe supepe 🤣


They should go into ugu farming and start harvesting like RAT did in Aso rock after one week.

Someone should tag those tinupoo Bots to come and defend him as usual

Las las, We Don Dey Chop Statistics..

godwinngbede:
Tinubu is a bastard

10 years in prison or 5milion naira fine, nekwa gi nee nga mkpuru oka😂

Poultry business should be left for big companies enough with this nonsense with small farms trying to monopolies the market for their own good.

Enough is enough

vengertime:
Poultry business should be left for big companies enough with this nonsense with small farms trying to monopolies the market for their own good.

Enough is enough

You're right small scale farmers should all go and d!e.

Anything to defend Tinupoo's failure 🤡🤡

Tinubu's government of palliative have destroyed everything including small businesses.

Watch Tinubu supporters write something senseless like "enemies of this country will rejoice over this news" then use their multiple accounts to like their post

The remaining half will soon closed 🔐🔐🔐 down under this current government of disaster and Calamity 😡😡😡

vengertime:
Poultry business should be left for big companies enough with this nonsense with small farms trying to monopolies the market for their own good.

Enough is enough

. Chai! Who cours Ronu Muslims, which kind of foolishly foolish people is this

vengertime:
Poultry business should be left for big companies enough with this nonsense with small farms trying to monopolies the market for their own good.

Enough is enough

And so owners of small farms should starve?
You get sense o.
I hope you have stopped eating eggs and other poultry products?

And by the way, the word is not “monopolies” as written by you.

SmartPolician:
The Chairman of the Poultry Association of Nigeria (PAN), Oyo State chapter, Mr. Omidokun Oyekunle, has revealed that nearly half of the poultry farmers in the state have gone out of business.

Oyekunle shared this information during an interview with the News Agency of Nigeria (NAN) on Wednesday in Ibadan.

He highlighted that the poultry industry contributes about 25%to Nigeria’s GDP and warned that if the current rate of business closures in the sector is not addressed, it could have adverse effects on the nation’s economy.


Oyekunle called on the Federal and State Governments to take immediate action to support those who have already exited the business and to provide encouragement to those still operating.

He urged the government to offer soft loans to poultry farmers in the state at interest rates no higher than five percent, along with other interventions such as access to raw materials, particularly maize and soybeans.

Oyekunle pointed out that one of the major challenges facing poultry farmers is the high cost of poultry feeds, especially maize and soybeans, which are critical ingredients in poultry feed production.

He said, “Majority of poultry farmers are no longer using the new maize because of its moisture content; it will affect production and the eggs of the birds.”

“What those who are using it do is that they grind it, spread it and wait for about five days and even add some preservatives, but the weather is not favourable,”

“This is a major problem confronting us, especially when you look at the production cost and the amount we sell eggs. You will find out that there is no enough profit margin to keep the business running and that is why poultry farmers are closing down and cost of eggs increasing,”

Impact of frozen chicken import on poultry industry
Oyekunle further mentioned that the importation of frozen chicken was significantly impacting the market price of locally produced chicken, and he stressed that this should not be allowed to continue if poultry farmers are to remain in business.

He also praised the federal government for allowing the importation of maize, noting that this move would eventually help reduce production costs and encourage more people to return to the poultry industry.

He highlighted the current challenges faced by poultry farmers, stating that a 25kg bag of broiler feed now costs N25,600, which is insufficient to feed more than 200 birds. However, he expressed optimism that the recent government-approved importation would help lower these production costs.

Source: https://nairametrics.com/2024/08/14/half-of-poultry-farms-in-oyo-state-have-shutdown-associations-chairman/

How can poultries be shutting down in Oyo while Osun man is the president? Is it that there is no benefit in 'awalokan'? The whole thing is not adding up.

It's not just in Oyo state alone

Amumaigwe:


How can poultries be shutting down in Oyo while Osun man is the president? Is it that there is no benefit in 'awalokan'? The whole thing is not adding up.

When will you election losers move on from the presidential election defeat?

This Ebola tinibu govt seem like NOTHING good will come out of it.

BTW, where is that Yeye 5 Alternate Accounts Boy?
Salewa
ChinkoAlhaji
Trutharena
Phillipoinzaghi
Siofkxz?

Ikaeniyan0:
When will you election losers move on from the presidential election defeat?

And when will you election winners start moving the country forward?

SmartPolician:
In Asa's voice, there's fire on the mountain, but there's no one on the run!

Just one year into Tinubu presidency, Nigerians are losing on all fronts. Only God knows what will happen when he completes his 4 years.

Tinubu Indeed, Shameless Lazy Thing.

Vinnie2000:


This Ebola tinibu govt seem like NOTHING good will come out of it.

BTW, where is that Yeye 5 Alternate Accounts Boy?
Salewa
ChinkoAlhaji
Trutharena
Phillipoinzaghi
Siofkxz?

Well be prepared to suffer well for the next 7 years in The Federal Republic of Nigeria .

Ronu ooo

godwinngbede:
Tinubu is a bastard

thunder fire that man and his prostitute wife Remi

SmartPolician:
In Asa's voice, there's fire on the mountain, but there's no one on the run!

Just one year into Tinubu presidency, Nigerians are losing on all fronts. Only God knows what will happen when he completes his 4 years.

after 50yrs of pdp

godwinngbede:
Tinubu is a bastard

but he president tho

godwinngbede:
Tinubu is a bastard

respect our president ....We are are happy with his strides


Ronu

Someone should sha tell the VP to stop singing "we have crossed the rubicoń" up and down.. he has been sayng that since last year.. sounds like a broken record to me

Ikaeniyan0:
When will you election losers move on from the presidential election defeat?

Clown.

You think the poultry just shut down on their own?

This country is not going in the right direction..

Let palliatives government use purchase from crude to subsidies these products

Nigeria

Las las we will still survive, Nigeria's are strong