Poultry Association of Nigeria (PAN) FCT Chapter has lost over N6 billion due to cash crunch resulting from the CBN cashless policy, subsidy removal on fuel and other factors.

The challenge had led to astronomical increase in poultry feed resulting to closure of no fewer than 127 poultry farms in FCT and reduction in the purchasing power of the consumers.
The Secretary of PAN FCT, Hon. Musa Hakeem, said this on Friday in Abuja at the commemoration of the World Egg Day.
He noted that other factors contributed to the loss included forex and ban on importation of maize and soybeans.
The World Egg Day is commemorated annually on second Friday of October and the theme for 2023 is “Egg for a healthy future”.
Hakeem listed other challenged bedevilling the industry as high rate of diseases, lack of access to credit facilities, high cost of feed and poor quality chicks.
He said that other challenges were cost of veterinary services, lack of technical knowledge, high mortality rate among others.
Hakeem specifically noted that the removal of subsidy on fuel had made movement of poultry and poultry products from one destination to the other very difficult.

FG increases oil output to 2m bpd December
He further called on the interventions of President Bola Tinubu to reverse the current trend and save the industry from total collapse.
“We call on the Minister of Humanitarian Affairs and Poverty Alleviation to carry PAN along in the ministry’s ‘Home Grown School Feeding programme in area of egg supply.
“This collaboration will create wealth and employment along supply chain,” he said.
Hakeem said: “World Egg Day is an opportunity to make everyone aware that eggs are excellent, cheapest sources of high quality nutrient.
“Egg has socio-economic roles which include means of livelihood, achieving a certain level of economic independence, meeting human needs for dietary animal protein supply.
“It also enhanced investment and security against risks for small scale poultry farmers.”

The Star