This blog is a follow on to my previous blog post ‘How to Start Poultry Farming in Nigeria’. Since that blog posts I’ve received a lot of messages asking me – “Why is poultry farming so lucrative?” “What is the future of poultry farming in Nigeria?” and “What is the most profitable way to start poultry farming in Nigeria?”

In this blog post I will try and answer these questions and more.

Modern Day Poultry Farming in Nigeria
Poultry Farming has become one of the most lucrative Nigerian businesses, and is arguably the big thing in Nigerian agriculture. Many big businesses, entrepreneurs, retired uncles, job seekers and Nigerians living overseas are making inroads into the sector, either to pursue their keen interest in livestock farming or to rake in big money.

In the last decade Nigeria’s poultry farming industry has changed into a full-blown sustainable business sector, and contributed greatly to the nation’s economic stature.

Like me, there are numerous supporters of poultry farming in Nigeria, who in some way or another, are trying to draw focus and promote this old but growing sector, and highlight its benefits. The most notable feature of poultry farming is that it ensures phenomenal returns in a blink of an eye, but it is also sensitive. With a population of about 160 million, where most citizens consume poultry products on a regular basis, Nigeria is a lucrative market that continues to grow.

Why Choose Poultry Farming?
One of the reasons behind the dramatic rise of poultry farming in Nigeria is the non-dependence on educational background. Every citizen can practice the occupation, irrespective of his or her educational status.

The profession can also be pursued with limited capital and resources, but huge return on investment is assured, if you are meticulous and diligent in how you set up and run your operations.

Another reason for the rising success of this field is the growing rate of chickens. A chicken becomes fully-developed and matures quite faster. For instance, a goat takes a time span of 2-3 years to mature completely, but within 28 weeks from birth, a chicken can reach a fit state and size that it can be sold at market.

Let’s take a deep look into the benefits of poultry farming in Nigeria

1. Reproduction Rate of Chickens: Business in Poultry Farming in Nigeria never leaves you barehanded because you never run out of stock. An average chicken hatches eggs almost every day and four times in a week. Some breed of chickens can produce around 325 eggs a year. By this account, your chickens will produce one egg a day that you can sell every day of the year. leaving out some dry days. If these figures are anything to go by, a chicken can give birth to another chicken twice in three days. Talking bigger, if you breed 500 layers, they will reproduce an astounding 12,000 chickens within a time gap of just 40 days.

2. Chickens Mature Faster: As discussed earlier, a baby chick becomes a full-grown, egg-bearing chicken in a jaw-dropping 28 weeks. This means a pullet is ready to be sold in market as a full-feathered chicken in just seven months. Taking into account such a fast-development process, a farmer can reap returns on investment within 34 weeks of the farm being in operation.

3. Large Markets: The demand for chicken never dies. In fact, it is always there and increasing. In Nigeria, a chest of smaller eggs is purchased for N500-N550, while the bigger ones demand an asking price of around N600-N650. A crate contains 30 eggs. Therefore, you will be receiving approximately N300,000 if you have 500 healthy chickens.

4. High Value, Good Price: Without a doubt! Raising your own flock of chicken will make you realize how lucrative poultry farming is in Nigeria. A customer in Nigeria can easily shell out N2000 – N2500 for a fertile layers chicken. Multiply the amount with the cost if you have 12000 layers in your farm. Now do you see how lucrative poultry farming is in Nigeria?

An old layer chicken in Nigeria costs around N1000 to N1200. If you had 500 old layers, you can make up to N600,000 residual income. Then use this money to reinvest to buy a new younger and more fertile flock of layers chicken. Every 12 to 24 months you can continue this cycle for continued success.

A 7-week broiler sells for N100.00 to N1200.00. A broiler aged 12 weeks and above will sell for N3000 to N4000.

4. A Rich Source of Protein: Poultry products are a tremendous source of protein, and a key nutrient for a healthy mind and body. Protein is essential for body functioning, energy and muscular development. Also, poultry products are delicious, great in taste and can be used in a range of Nigeria, African and worldwide dishes. For these reasons alone, it is safe to say that the demand for poultry products will never diminish.

For me, poultry farming is the best bet if your considering entering the lucrative world of agriculture. As long as you follow the basic rules that I outlined in my previous blog post, it is a clear-cut source of wealth.

Do you agree with the points that I’ve made in this blog post? Please share your thoughts and any experience you have had with poultry farming

source:- http://marvejohndaily.com/top-5-reasons-why-poultry-farming-is-so-lucrative-in-nigeria/
Cc: seun, lalasticlala, obinoscopy

I keep telling people about this but they seem not to pay full attention towards this aspect

We are Hands-on farmers into agribusiness, we specialise in: (1) Livestock and Crop Farming (2) Farm Setup and Management (3) Irrigation (4) Greenhouse (5) Chemicals and Fertilizers (6) Consultancy and Training.
For more enquiries please contact me...

ok

True talk

its good but not so rosy as the picture painted.
I've been in full time poultry since year 2000.
the capital is intensive.
you can't start with 500 layers and end with 500 layers at the end of the cycle,there will be mortality.
Price of egg is also not stable it goes below #500 for big ones in times of glut.
they'll eat for minimum of 16weeks without any drop.
And as @ August 2014 I even lost 2000 layers birds which were to be sold september for ileya(muslim eid)to bird flu ,which is now ravaging everywhere but I'm still in the business.
truth is it looks lucrative but the risk is very high.
if not for my pocket and little diversification I for don die during d flu crisis I experienced
just this week
Nigeria: Enugu Poultry Farmers Lose
N140 Million to Bird Flu in One Week
- - Official

http://allafrica.com/stories/201601221544.html?aa_source=nwsltr-business-en

On yeah, no wonder my mums tenant started a poultry farm in her house, resulting to stench beyond the bowels of hades. By the way it's old man business as the profit is delayed.

I concor

Poultry Biz is cool.

If you can instruct online ...visit my signature.

end time poultry...... end time bussiness. end time admins. endtime suen. end time forum.

Great Thread

For those who are interested in proposing to go into Agro business, you would need a business plan.
You should get a copy of my poultry farming business plan template ... simply copy, edit and paste to suit your budget.

The poultry business plan template covers:
• Executive Summary
• Company Overview
• Product & Service description,
• Industry and Market Analysis
• Sales Forecast and Marketing Strategy
• Management Summary
• Break-even Analysis
• Projected Cash Flow
• SWOT Analysis
• Income statement, Balance sheet, Profit and loss statements


Add me on whatsapp ...08079230930 To get your copy for just #3,999!

Poultry farming aint that lucrative when imported frozen chicken is way cheaper.

what are the bad sides of the business?

Not so rosy sir.

We lost about a thousand chickens almost at point of lay last September/October. Despite building and maintenance using Animal Care recommended standards. Suspect fake/expired vaccines though.

Xmas broiler sale wasn't bad sha.

Even with the outbreak of bird flu?

turkey?

@op, How about the risks associated?? Health and marketing challenges.

Dongreat:
On yeah, no wonder my mums tenant started a poultry farm in her house, resulting to stench beyond the bowels of hades. By the way it's old man business as the profit is delayed.

But it takes sometime to start making profit in most reputable businesses. 7wks to 7months is not bad.

@OP listen to ds igbo parlance.
"d'sound of kolanut in d mouth is not as its taste".
Nathn is lucrative wtout risk.
Tell d swt and bad side. Alwz balance ya thread.
U've juz calculated d profits in layers and broilers.
Don't u kw witin ds 12mnths thrs alwz a drop in laying as a result of weda? And feeding, vaccine and durgs at ds point are still constant.
Do u kw wat it means wen u feed 200birds a bag per day?
wat if u notice dat u only get juz 10eggs per day? instead of d normal 150eggs per day?
A bag of layers is 2400 now x 31 days of no eggs.
And other health mgt factors.

Anyways, I'm professional Animal scientist, UNN. CEO Amstrong Farms.
check my signature for enquiries or consultations.

Nice tips

Thatitan234:
@op, How about the risks associated?? Health and marketing challenges.

This is what they won't tell you they only want to lure people to their seminar or blog

Imagine this guy telling us old layer go for 1200 - 1600, this is complete lie as old layers are sold for 400- 600 in some farms in Abuja.

He also said. 12 weeks broiler is sold for3000- 4000 abeg na goat you dey sell, you can get 12 weeks brolier for 1200 - 1500 while 7 weeks. For 900- 1000.

Whole chicken grilled suya is sold for 1000 in kaduna so imagine how much they bought it live.

My problem with most bloggers and small small farmer is they exaggerate so much in order to get gullible people to sell their handbooks or traffic to their blocs.

If you are novice in poultry farming start small like 50 broiler then keep graduating if not you will burn your fingers and buy already brooded ones as that is the most difficult thing to do.

If you are to go into egg production buy point of lay chicken. Get the experience before venturing big time.

My main advice to poultry farmers is always keep to your vaccines and hygiene and get a good vet to check on them periodically.

My two cent

irunoobo:
what are the bad sides of the business?

i will soon talk about thhat, for now this post is focused on y u should go into it.

And for those saying otherwise, i dont write about what am not into or what i havant tried

Love this.... I am already involved. It is cool.... BUT feeding the chicken, I repeat FEEDING the chicken till maturity is something else... It will consume more money than you could imagine.

The truth is not far from this apt write up. But I think it's high time we nagropreneurs guide our agricultural profession with dignity. Lets make it a business and not s hobby meant for every dick and Harry. We need professional ethics and code of conduct.

chidieze356:
Love this.... I am already involved. It is cool.... BUT feeding the chicken, I repeat FEEDING the chicken till maturity is something else... It will consume more money than you could imagine.

Integrityfarms:
The truth is not far from this apt write up. But I think it's high time we nagropreneurs guide our agricultural profession with dignity. Lets make it a business and not s hobby meant for every dick and Harry. We need professional ethics and code of conduct.

yeah it is.. maybe one day i would host some farmer and intending ones at my farm, for them to see and learn. the only issue is lack of adequate or will i say sufficient knowledge

mmm

rachybeatz:
We are Hands-on farmers into agribusiness, we specialise in: (1) Livestock and Crop Farming (2) Farm Setup and Management (3) Irrigation (4) Greenhouse (5) Chemicals and Fertilizers (6) Consultancy and Training.
For more enquiries please contact me...

I am interested but to contact u how

Poultry is an high risk venture as you can loose all your chickens in one day. Apart from the stress of management, the cost of running a basic farm is on the high side. I think Fisheries has more profit these days Even experienced poultry farmers will tell you .

@biookuta: Thanks for your interest,please you can contact me on 09053633070 or email me on agribizinvestments@yahoo.com

Very Lucrative my Boss does it