THE CONDITION OF POULTRY BUSINESS IN NIGERIA TODAY.

Date: 18th Nov. 2024

Nigeria's poultry industry is facing significant challenges, particularly with high feed costs. The average price of feed ingredients has risen by over 168% in the last three years, making it difficult for farmers to sustain their businesses . In fact, the cost of maize, a key input in poultry feed production, has surged by 110.9% to N480,000 per tonne . This increase is attributed to climate change, insecurity, and disruptions in the food supply chain.

Key Challenges Facing Nigeria's Poultry Industry:

  • High Feed Costs: Maize and soybean prices have skyrocketed, making it challenging for farmers to produce poultry feed .
  • Insecurity: Kidnapping incidents have affected poultry producers' businesses, leading to staff refusing to work and ultimately, starvation of birds .
  • Shortage of Feed Ingredients: Maize and soybean shortages persist due to merchants hoarding grains for profit .
  • Export of Soybeans: A significant portion of Nigeria's soybean production is exported, exacerbating the shortage .

Despite these challenges, Nigeria's poultry sector has potential for growth. The industry comprises about 180 million birds, with local production meeting only 30% of the demand for chicken eggs and meat . To improve poultry production, farmers can explore additional supplements and daytime housing for indigenous poultry .