Afrigather 
The Poultry Affiliation of Nigeria (PAN) expressed misery over the closure of greater than 50% of its farms in 2023, attributing the shutdowns to sectoral challenges.
Mr. Mojeed Iyiola, Chairman of the PAN Lagos State chapter, revealed this throughout an interview with the Information Company of Nigeria (NAN) in Lagos on Thursday.
Iyiola highlighted that poultry farmers confronted difficulties in assembly the rising demand for poultry merchandise as a result of closure of a good portion of their farms.
He said,
“Most poultry farms within the nation closed down final yr on account of difficulties confronted within the sector.”
“We’re presently unable to fulfill the calls for of eggs as a result of scarcity of poultry farms. Presently, we have now a really low provide of eggs with rising calls for.”
“It is because nothing lower than 50% of poultry farms across the nation have shut down.”
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“Actually, as a result of scarcity of provide, a crate of egg sells for as excessive as N3,000 and above even from the farm gate.”
“We don’t pray that the value retains rising as a result of it’s detrimental to the typical client,”
In response to Iyiola, sustained authorities interventions in any respect ranges, significantly in subsidizing feed inputs, are important for the prosperity of the sector.
The poultry business has been battered by elevated manufacturing prices occasioned by the rise in maize prices- a significant ingredient in poultry feed manufacturing.
The value of maize for instance has elevated by 79.23% year-on-year from N329.05 for 1kg in December 2022 to N589.75 by December 2023. The month-to-month enhance was 5.47% from N559.18 recorded in November 2023.
In response to the Nationwide Bureau of Statistics (NBS) meals worth index for December 2023, the price of hen ft rose by 81.71% year-on-year foundation from December 2022 to December 2023.
Additionally, the value of medium Agric eggs has elevated year-on-year from December 2022 to December 2023 by 52.09%. For month-on-month inflation in eggs 4.39%.
