The Poultry Farmers Affiliation of Nigeria mentioned its members misplaced greater than N30 billion value of over 15 million crates of eggs as a result of impact of naira shortage within the nation.
The Nationwide President of PAN, Sunday Onallo-Akpa, made this recognized on Friday in an announcement in Abuja.
“The poultry farmers within the nation have misplaced over 15 million crates of eggs being unsold and are broken, the common loss to the poultry business as of this press launch is in extra of over N30 billion,” he mentioned.
Onallo-Akpa described the poultry business in Nigeria as one of the vital consolidated sub sectors of Nigerian agriculture contributing about 25 per cent of the Agricultural Gross Home Product and using over 25 million Nigerians instantly and not directly.
He mentioned the poultry business had been a significant employer of labour and an excellent supply of economic empowerment and livelihood for a lot of households, particularly ladies and youths.
“The business is totally non-public sector pushed and price over N3 trillion,” he mentioned, including that it had been in a position to contribute to the native domestication of investments within the nation.
“The close to absence of naira notes for Nigerians to make every day transactions have made companies within the poultry business tougher.
“Eggs being a every day produce by poultry farmers for the reason that first week of February 2023 until date have by no means been overtaken by 20% due to the close to absence and lack of the naira notes to purchase primary meals gadgets and different mandatory proteins like eggs and chickens,” the PAN chief mentioned.
He subsequently referred to as for pressing intervention by the Federal Authorities to save lots of the business from imminent collapse.
Onallo-Akpa additionally appealed to the Federal Authorities to mop up the eggs via the affiliation for distribution to probably the most weak previous populations as a part of the Social Funding Help to Nigerians.