Friday, 03 July 2020 05:24

350,000 Ogun poultry farmers run bankrupt as business collapses

Rate this item
(0 votes)

No fewer than 350,000 poultry farmers have been forced out of business in Ogun State from the effects of coronavirus pandemic, State Chairman of the Poultry Association of Nigeria (PAN), Mrs Isioma Alawode, has disclosed.

Addressing newsmen yesterday in Abeokuta on the plight of the poultry farmers, Alawode raised an alarm over the imminent collapse of the poultry industry following what she called “an arbitrary increase in the price of maize and other essential poultry feeds.”

She stated that in March this year, the price of maize was increased from N97,000 to N160,000 per metric ton, representing a 65 per cent increase, while the price of a soya bean meal was also increased from N110,000 to N135,000 per ton, representing a 22 per cent increase.

“The poultry industry is under siege. Many of our farmers have downsized their production capacity by over 300,000 birds, while many others have buried thousands of crates of eggs to save themselves from total collapse.

“Feed constitutes 75 per cent or more of what makes the capital of what goes into the poultry business.

The increase and scarcity of maize and soya bean meal are forcing farmers to sell their eggs and birds at very cheap prices,” the PAN Chairman said.

Alawode appealed to the state government through Ministry of Agriculture to “alleviate the plight of farmers by releasing some grains – maize, sorghum and soya beans – to the organised farmers’ group as its counterpart in Lagos has done, as this has the capacity to force the prices down a bit.”

She also urged federal government to immediately release grains from the grain reserve to cushion the effects of the scarcity and help reduce price.

Alawode equally called on federal government to give “a structured window of importation through the sea and land borders for maize and soya bean meals to support the poultry industry as it is obvious that our grain/crop farmers cannot sustain our yearly requirements.”

 

Daily Trust

December 23, 2024

Investors on NGX gain over N1trn in 5 days

The Nigerian Exchange Limited (NGX) posted strong gains last week, with investors adding more than…
December 20, 2024

Atiku questions alleged hack of NBS website, says timing suspicious

Former Vice President Atiku Abubakar has raised concerns over the recent claim that the website…
December 22, 2024

How to know if your memory lapses are serious or not

The older I get, the more panicked I become when something slips my mind. Is…
December 21, 2024

‘Professional Back-Scratchers’ charge up to $130 per hour

The Scratcher Girls is an unconventional relaxation therapy studio that charges clients up to $130…
December 21, 2024

NAFDAC busts illegal rice repackaging operations in Nasarawa, Abuja

The National Agency for Food and Drug Administration and Control (NAFDAC) has cracked down on…
December 23, 2024

Here’s the latest as Israel-Hamas war enters Day 444

Israel's Netanyahu eyes Iran after triumphs over Hamas, Hezbollah, Syria 2025 will be a year…
December 20, 2024

OpenAI launches voice and text access to ChatGPT through new phone service

OpenAI has introduced a novel way to interact with its popular ChatGPT artificial intelligence system…
December 17, 2024

Ademola Lookman named 2024 CAF Men’s Player of the year. These players won in other…

Ademola Lookman, the Super Eagles winger, was crowned the 2024 CAF Men’s Player of the…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Prof Wale Are Olaitan: Editorial Consultant; Femi Kawonise: Head, Production & Administration; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2024 NewsScroll. All rights reserved.