N10trn poultry industry: Five million may lose jobs


No fewer than 10,000 farmers in Lagos State are to benefit from the World Bank-assisted agricultural scheme, under the Agro-processing, Productivity Enhancement and Livelihood Improvement Support, APPEALS, project.

By Collins Akpan

As Federal Government plans to employ 774,000 artisans and unskilled workers across the 774 Local Government Areas of Nigeria for three months, about five million poultry jobs are on the line.

In the last seven months, about two million poultry jobs have reportedly been lost due to acute scarcity of maize and soya beans, resulting in prohibitive cost of animal feeds.

Industry sources said the price of soya beans, which is a constituent of poultry feeds, has increased by 87 per cent.

In comparison with the same period in 2019, the price of maize has risen by 82 per cent.

Poultry feeds have increased by nearly 100 per cent.

There are also unconscionable capitalist grain merchants and saboteurs who are alleged to be hoarding the small available products and intent on giving the Buhari administration a bad name.

Agriculture contributes 21 percent to Nigeria’s Gross Domestic Product.

Poultry industry is said to be worth N10 trillion sharing 25 percent of the…

Source: Vanguard Newspaper