Poultry association loses N6bn to fuel subsidy removal, cash crunch

Poultry Association of Nigeria (PAN) says it has lost over N6 billion due to a cash crunch resulting from the CBN cashless policy, subsidy removal on fuel, and other factors.

The Secretary PAN FCT, Hon. Musa Hakeem, said this on Friday in Abuja at the commemoration of the World Egg Day.

He noted that other factors contributed to the loss including forex and the ban on importation of maize and soybeans.

The News Agency of Nigeria (NAN) reports that World Egg Day is commemorated annually on the second Friday of October and the theme for 2023 is “Egg for a healthy future”.

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Hakeem listed other challenges bedeviling the industry as a high rate of diseases, lack of access to credit facilities, high cost of feed, and poor-quality chicks.

He said that other challenges were the cost of veterinary services, lack of technical knowledge, and high mortality rate among others.

He noted that the challenge had led to an astronomical increase in poultry feed resulting to the closure of no fewer than 127 poultry farms in FCT and a reduction in the purchasing power of the consumers.

Hakeem specifically noted that the removal of subsidy on fuel had made the movement of poultry and poultry products from one destination to the other very difficult.

While commending the minister of FCT, he, however, called on the administration to come to the aid of farmers to reverse the increase in the unemployment rate and security challenges currently bedeviling the country.

Hakeem said the industry was the largest employer of labor, urging the minister to harness the inherent potential in the industry and protect the investment in order to attract more investors.

He further called on the interventions of President Bola Tinubu to reverse the current trend and save the industry from total collapse.

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“We call on the Minister of Humanitarian Affairs and Poverty Alleviation to carry PAN along in the ministry’s ‘Home Grown School Feeding program in an area of egg supply.

” This collaboration will create wealth and employment along the supply chain, “he said.

Hakeem says “World Egg Day is an opportunity to make everyone aware that eggs are excellent, cheapest sources of high-quality nutrients.

“Egg has socio-economic roles which include means of livelihood, achieving a certain level of economic independence, meeting human needs for dietary animal protein supply.

“It also enhanced investment and security against risks for small-scale poultry farmers”.

According to him, an egg is one of the most environmentally sustainable and cost-effective animal-source proteins available.

Also, Durojaiye Okodu, Chief Executive Officer, First Agro-Delight Nigeria, said egg was the cheapest source of protein and vitamins

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Okodu said if an egg was properly harnessed it would help in nation-building through children’s development.

“An egg a day makes a difference in families.”

Present at the commemoration were Ibrahim Lamidi, Ex-Official PAN North Central, and Abdullahi Abduljabar member of PAN. (NAN)