x

CBN loaned UNILORIN N600 million to build poultry farm—Management

The University of Ilorin has secured N600 million loan from Nigeria’s central bank to establish a commercial poultry farm to boost eggs and chicken production.
Mikhail Buhari, the university’s Deputy Vice-Chancellor Research, Technology and Innovation, stated this on Monday while speaking with journalists.
He said Unilorin was the only institution that got the highly competitive loan.
When established, Mr Buhari said the GG Max Poultry Farms would play a key role in the agro-based business toward the revival of the poultry sub-sector.
He said this will reduce importation and close the existing demand and supply gap of eggs and allied poultry products.
The deputy vice-chancellor said the university got the loan based on the brilliant proposal it submitted which was rated as the best of presentations made by competing universities.

“The university would be running the farm with the support of an external consultant,” Mr Buhari said, adding that the farm was situated at Amoyo in Ifelodun LGA.

He said that when operational the farm would produce 5,000 broilers per week and raise 9,000 day-old broilers weekly.

He added that it would maintain a layers’ population of 16,000, which translates to 3,679,200 eggs per year.
According to him, the project is targeted at building the spirit of entrepreneurial skills among students as it would also generate employment opportunities.
He said that it would be run as a typical business venture with its own board of directors and would be accountable to the Vice-Chancellor.

Hot this week

Nigeria @ 65: Sen. Akume Urges Shared Responsibility for Nation-Building

By Francis Wilfred ABUJA, Nigeria – As Nigeria prepares to...

NYSC Members in Delta Urged to Drive Sustainable Development, Innovative Solutions

By Anne Azuka Delta State Governor Sheriff Oborevwori has charged...

20 Die, Several Missing in Kogi Boat Accident

By Noah Ocheni, Lokoja At least 20 people have died...

Breaking! Appointments Scandal Rocks Investments and Security Tribunal

There are indications that there be crisis in at...

NYCN Launches Tinubu CARES, Empowers Traders as Nigeria Marks 65th Independence

…Rolls out entrepreneurship fund to boost small businesses …..Distributes modern...

Wike Condoles With Arise News Over Death Of News Anchor, Vows Killers Will Be Apprehended

By Joyce Remi-Babayeju The FCT Minister, Barr. Nyesom Wike, has...

Sixty-Five Cheers to a Great Nation in Need of True Reflections

The Pan Niger Delta Forum (PANDEF), on behalf of...

Nigeria @65: United, prosperous nation possible under Tinubu administration – Amagbein

By Our Correspondent Better, united and prosperous Nigeria is possible...

NNPC Foundation Boosts Economy with Agricultural Intervention, Say Kano Farmers

By Jabiru Hassan Farmers in Kano State have commended the...

Kogi Boat Mishap: Death Toll Rises to 36, 40 Rescued

By Noah Ocheni, Lokoja The National Inland Waterways Authority (NIWA)...

Nigeria @65: Claims of Progress Are Deceptive – Activist Ukegbu

A social rights activist, Comrade Okechukwu Keshi Ukegbu, has...

Related Articles

Popular Categories

spot_imgspot_img