Business

Poultry farmers seek soft loans from government

Poultry farmers in Kaduna State on Tuesday appealed to the state government to assist them with soft loans to enable them to meet market demand.

They made the appeal on the platform of the state’s chapter of the Poultry Association of Nigeria (PAN).

Chairman of PAN in Kaduna State, Mr. Musa Bala, said paucity of funds was a major challenge for the more than 3,000 members of the association.

“Members of the association currently supply about 70,000 crates of eggs and 40,000 birds weekly, which is grossly inadequate for the increasing market demand,” Bala said.

He said more than 10,000 poultry farmers in Kaduna State might quit the business because of low working capital.

He urged the state government to take a cue from CBN’s Anchor Borrowers Programme for rice farmers and apply same for poultry farmers.

He expressed confidence that if such programme was applied, PAN members would meet the huge gap in the supply chain of poultry products in the state.

Guinness World Records: We’ll verify Hilda Baci’s cooking as new record soon

The PAN Chairman said members also faced challenges of power supply resulting in their inability to freeze processed birds.

Bala urged for partnership with private investors to establish a one-stop-shop to enable farmers to preserve frozen chicken and control supply.

He argued that this would help farmers to maintain the six cycles of production in a year and maintain stable price.

The Star

Editor

Recent Posts

Democracy Day: Uba Sani frees 97 inmates, offers grants, skills training for reintegration

Kaduna State Governor Uba Sani on Friday granted clemency to 97 inmates of the Kaduna…

9 minutes ago

DSS intercepts arms shipment, nabs courier in Kano

Operatives of the Department of State Services (DSS) have arrested a suspected arms courier, Muhammad…

1 hour ago

Pele’s 1958 World Cup medal set for £500,000 auction

A winners’ medal earned by Brazilian football icon Pele during the 1958 FIFA World Cup…

2 hours ago

Old Oyo national park remains hideout of kidnapped pupils, teachers — Makinde

Oyo State Governor, Seyi Makinde, has disclosed that students and teachers abducted by suspected bandits…

2 hours ago

SpaceX IPO makes Elon Musk world’s first trillionaire

Elon Musk has become the first person in history to amass a fortune exceeding $1…

2 hours ago

Edo govt reopens schools shut over kidnap threats, cites improved security

The Edo State Government has approved the reopening of schools in Akoko-Edo Local Government Area…

4 hours ago

This website uses cookies.