The Ogun State chapter of Poultry Association of Nigeria (PAN), has called on the Central Bank of Nigeria (CBN) to save the poultry industry from imminent collapse due to shortage of soybeans and maize as well as the continued rise in the prices of finished feeds in the country.
The association in a letter to the Central Bank, said the current scenario was “extremely complicated for the farmers”, noting that the industry needed urgent intervention from the apex bank.
“We wish to formally bring to your notice the plight of poultry farmers across the country at a time the federal government through the Central Bank is working to increase productivity of the agricultural sector leading to a marginal in the GDP.
“The poultry sub-sector of the agric sector is in the most capitalised as the investment worth is close to a trillion Naira employing over a million Nigerians directly and through its wide value chain from the farm to the table” the letter reads in part.
The farmers blamed the current situation on the poor harvest due to low harvest, poor seed quality, and insecurity in the production areas.
