Stakeholders in the poultry industry have expressed there dismay over the what they described as ill timed Central Bank of Nigeria (CBN) revised policy that banned importers from accessing forex to import maize from the apex bank.
The Stakeholders, however, called for an urgent solution to avert shutting down poultry businesses across the country.
The Stakeholders during a Webinar series organized by the Wandeville Media lamented that they were not being carried along before policies which is capable of leading to bankruptcy is introduced. The Director General of the Poultry Farmers Association of Nigeria (PAN) Onallo Ankpa said the policy has completely and negatively affected the poultry industry worse than expected
He said poultry farmers were taken unaware, thereby, causing many of them to shut down due to their inability to afford feed for their birds.
The CEO, Terudee Farms Ltd, Engr. John Oluwoye Olateru, noted that the policy was ill-timed. He stated that though the CBN had good intentions but it was badly implemented saying the policy coupled with the impact of the Cvid-19 pandemic could lead people to there early graves.
The Chairperson, Poultry Association of Nigeria (PAN), Oyo Chapter Mrs Blessing Alawode explained that the demand for eggs is relatively inelastic which has led to loss on investment in the sector.
Alawode emphasized that the success of the poultry business depends on the ability to restock farm produce and the intervention has made this unachievable.
“The poultry farmer is having a hard time because he is unable to replace his stock and this means downsizing which will lead to unemployment for a few hands the farmer engages and loss of investments”, she noted.
The DG PAN suggested that other crops such as palm oil, sorghum, etc. can serve as substitutes for maize in the feed mills and the government can engage stakeholders in commercial agriculture to meet the demand for maize. He pointed that there has to be a development plan at all levels with working systems to properly harness the potentials in the sector.
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