Poultry Farming is one of the most lucrative farming businesses to start up in Nigeria. This aspect of livestock farming presents one of the finest opportunity for entrepreneurs to make profit within a short time period and is a significant contributor to job creation.
The demand for poultry products is enormous and they are consumed daily by Nigerians. This has led to a spike in the import of poultry products in Nigeria. The Poultry Industry stands to benefit from the involvement of local players in combatting the aggressive imports of poultry products. Furthermore, several incentives and initiatives should be adopted by the Government and private players to ensure its sustainability.
Market Attractions
- Huge demand for poultry products: The target consumers for poultry products are supermarkets, broilers, cold rooms, eateries and hotels.
- Rapid reproduction rate of birds: The high reproduction rate makes this a profitable venture. Most birds are seasonal, but the is constant value in egg production. A major disadvantage is that the low production rate as there are never enough eggs to sell.
- The cheapest source of animal protein.
- Creation of employment opportunities to Nigerians: This will improve the livelihood of Nigerians through the empowerment of women and youths by creating an additional source of revenue to the families, thereby alleviating endemic household poverty.
The next blog article will focus on starting a poultry farming business… Stay glued to our blog page for more updates.
Authors
- LSETF Strategy, Research and Policy Unit
- Gbenga Oluwafemi Ajana is the founder and Chief Executive Officer of Goason Farm. He holds a B.Sc. Economic degree from Houdegbe North American University; Benin Republic. He also has an advanced Certificate degree in Fundamentals of Operations Management from Sharphire Global Limited Institute.
