x

PAN Reports Closure of 30% Poultry Farms in Six Months Due to Sector Challenges

By  Milcah   Tanimu

The Poultry Association of Nigeria (PAN) has revealed that more than 30% of poultry farms across the country have ceased operations in the past six months, citing severe sectoral challenges.

In an interview  in Lagos on Tuesday, PAN’s National Publicity Secretary, Mr. Godwin Egbebe, attributed this significant closure rate to the exorbitant cost of operations, which has consequently driven up the prices of eggs nationwide.

“The first half of this year has seen about 30% of local poultry farmers shutting down their operations due to the hardships faced in the sector,” Egbebe stated.

He emphasized the urgent need for sustainable solutions from the government, expressing dissatisfaction with the current palliative measures that often fail to reach genuine farmers.

“The challenges faced by poultry farmers are severe, with many forced to sell off their equipment and even their farms,” Egbebe lamented, urging farmers not to hastily abandon the sector despite its current difficulties.

Egbebe highlighted the escalating cost of poultry feed as a primary challenge, noting recent price hikes that have further strained farmers’ profitability.

“The price of poultry feed has been skyrocketing, increasing our production costs significantly. Just within the past few weeks, we’ve seen the cost of feed rise from N14,300 to N14,800 for a 25kg bag,” he explained.

Mojeed Iyiola, PAN’s Lagos State Chairman, attributed the current scarcity of eggs and subsequent price hikes to the closure of many poultry farms and the high cost of acquiring new stock.

“As more farmers exit the sector due to high operational costs, the supply of eggs has dwindled, pushing prices upward,” Iyiola remarked.

Despite these challenges, PAN remains hopeful that concerted efforts and sustainable interventions from stakeholders will revive the sector and ensure its long-term sustainability.

Hot this week

Senator Lalong Celebrates Wife Regina on Her Birthday, Praises Her Humanitarian Impact

By Achadu Gabriel, KadunaSenator Simon Bako Lalong, who represents...

Goronyo Inaugurates Dr. Musa Babayo as FERMA Governing Board Chairman

By Jabiru HassanThe Minister of State for Works and...

NPA Denies Alleged N57bn Contract Diversion, Says Award Letters Are Fake

By Achadu Gabriel, KadunaThe Nigerian Ports Authority (NPA) has...

NNAMDI KANU IS GOOD RIDDANCE TO BAD RUBBISH

By Charles Nnaebuka, PhDNnamdi Kanu’s conviction and sentencing to...

Wike Slams Turaki- Led PDD Faction, Says Nigeria’s Democracy Not Under Threat

By Joyce Remi-BabayejuThe FCT Minister, Barr. Nysome Wike...

Chinese Envoy Visits National Defence College, Seeks Deeper Security Ties With Nigeria

Efforts to broaden defence collaboration between China and Nigeria...

Nestoil: Group accuses Lagos CP of compromise as Court writes for enforcement of Order

Nigerian Equity and Justice Movement has accused the Lagos...

Manchester United Linked to Borussia Dortmund’s Karim Adeyemi

Manchester United have reportedly opened discussions regarding Borussia Dortmund...

CAF Awards: Super Falcons clinch ‘Women’s National Team of the Year’

Nigeria’s Super Falcons have been crowned the CAF Women’s...

Related Articles

Popular Categories

spot_imgspot_img