Monday, May 29, 2023

We Have Lost N30 Billion Naira To Naira Scarcity – Poultry Farmers

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The Poultry Farmers Association of Nigeria (PFAN) says its members have lost more than N30 billion worth of eggs due to the lingering cash crisis in the country.


In a statement on Friday, Sunday Onallo-Akpa, national president of PFAN, lamented that the poultry industry was on the verge of total collapse and extermination.

“The poultry farmers in the country have lost over 15 million crates of eggs being unsold and are damaged,” NAN quoted him as saying.

“The average loss to the farmers as at this press release is in excess of over N30 billion.”

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Onallo-Akpa described the poultry industry in Nigeria as one of the most consolidated subsectors of agriculture, contributing about 25 percent of the agricultural gross domestic product (AGDP) and employing over 25 million Nigerians directly and indirectly.

He said the poultry industry has been a major employer of labour and a great source of financial empowerment and livelihood for many families, especially women and youths.

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“The industry is completely private sector driven and worth over N3 trillion,” he said.

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Photo Credit: Getty 

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