Poultry Farmers Count Losses as Low Purchasing Power Mars Holiday Sales

Date:

  • Over 50% of Broilers Remain Unsold Amid Festive Season Struggles
  • Farm Closures Loom as Farmers Call for Urgent Economic Interventions

The Director General of the Poultry Association of Nigeria (PAN), Dr. Onallo Akpa, has lamented the significant losses suffered by poultry farmers during the Christmas and New Year celebrations as economic hardship dampened sales. Despite heavy investments in broiler production for the festive season, many families opted for cheaper alternatives due to low purchasing power.

In an interview, Dr. Akpa explained that poultry farmers, particularly small-scale and backyard producers, had stocked broilers with high expectations of festive sales. However, over 50% of the birds produced remained unsold, leaving farmers grappling with unsustainable feed costs and mounting losses.

“Many families simply couldn’t afford the luxury of poultry meat during Christmas and New Year. Farmers who hoped to profit are now left with unsold broilers and no means to continue feeding them without incurring further expenses,” Akpa said.

The situation has taken a toll on the livelihoods of small-scale poultry farmers, with many losing confidence in the industry. “We are seeing closures of poultry farms across the country as the cost of production and diminished purchasing power make the business unsustainable,” he added.

Looking ahead to 2025, Akpa urged the government to prioritize the poultry sector, which provides employment for over 25 million Nigerians. He emphasized the need for policies that support affordable production and enhance food security.

“The poultry sector is a low-hanging fruit for economic recovery. The government must act urgently to safeguard livelihoods, boost nutrition, and secure the nation’s food supply,” he stressed.

RECOMMENDED

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_img

Popular

More like this
Related

Pastor Adeboye Reacts to AI-Generated Image, Urges Prayers for Global Peace

RCCG Leader Addresses Viral Image Depicting Him as...

Obasanjo Exposes Nigeria’s Refinery Failures, Blames Corruption

Former President Reveals Shell’s Refusal, Dangote’s Efforts, and...

Fuel Marketers to Begin Lifting Petrol from Port Harcourt Refinery This Week

Marketers urge NNPC to address pricing disparities between...

NNPCL Invites Obasanjo to Tour Port Harcourt Refinery Amid Controversy

Company Counters Claims of Non-Functionality with Open Invitation ...

Lagos Elite School Under Fire Again Over Alleged N42 Million Annual Fees

Social Media Divided Over Cost of Exclusive Education...

Tinubu Approves Lavish Retirement Packages for Service Chiefs

Annual $20,000 Medical Allowance, Bulletproof SUVs Among Perks...

Nnamdi Kanu Rejects FG Call for Trial Resumption, Demands Judge’s Recusal

IPOB Leader Insists Justice Nyako Should Step Aside...

PDP Urges Tinubu to Tackle Insecurity and Food Crisis in New Year Address

Opposition Party Demands Immediate Action on Fuel Prices...

Nigeria Activates Surveillance as China Battles Human Metapneumovirus Surge

Federal Government ramps up monitoring for inbound passengers...

NNPCL Indicted for Diversion of N82.9bn Federation Funds in 2021: Report

Unauthorized N82.9bn Refinery Deductions Spark Calls for Accountability ...