Business
Yuletide: Poultry Farmers In FCT Applaud High Patronage
Some poultry farmers in the Federal Capital Territory (FCT), yesterday expressed delight as they recorded high patronage ahead of the Christmas celebration.
The farmers, who spoke in separate interviews with press in Abuja, said in spite of the economic hardship, the level of patronage was encouraging.
Samuel Magaji, an old layer bird farmer in Gwagwalada, said that he had about 3, 000 birds and sales had been encouraging in the last few days compared to 2017.
Magaji added that due to paucity of funds, he was not able to rear so many birds as he would have wanted.
“I am very impressed with the level of patronage despite the economic hardship in the country, people are still buying.
“If the level of patronage continues the way it is going, all my birds would have been sold before Christmas.
“Some customers said they were advised by their doctors to avoid beef and red meats for health reasons, and should eat fish or chicken,’’ he said.
Magaji said that some old layer birds were going for N3, 000 and 4, 000, depending on the size, adding that they have rich taste than the broiler birds.
However, Mrs Sarah Kaka, a broiler bird farmer in Kuje Area Council, appealed to the government to support farmers with soft loans to boost their businesses.
Kaka said that poultry farming could promote the federal government’s diversification of Nigeria’s economy if supported with soft loans.
According to her, poultry farming was capital intensive, saying that it was expensive to purchase farmlands in FCT as well as other farming inputs.
She said average size of broiler went for N3, 500, while a bigger size was between N4,000 and N5,000, depending on the size.
“I am very happy with the level of patronage so far, but due to lack of funds, I was not able to rear many birds as expected.
“Poultry farming in Nigeria is probably one of the most lucrative farming businesses you can do but requires adequate funding for it to thrive.
“The farmers we presently have are not producing enough poultry products because of inadequate funding.
“The government, especially ministry of agriculture should assist farmers with soft loans to enable us boost our business,’’ she said.
Another poultry farmer in Abaji Area Council, Mr Audu Musa, lamented the increase in the price of feeds, saying that it affected the prices of chicken sales during Christmas season.
He said that he had to increase the price of his chicken during the yuletide to enable him recover his capital and also make a little profit.
Cornerstone of Financial Services
A survey of more than 1 000 global finance leaders undertaken by digital payment network Ripple shows that 72% of respondents believe they need to offer a digital asset solution to remain competitive.
According to Ripple, leaders from the banking, fintech, corporate and asset management sector have made it clear that the “digital asset revolution is happening now”.
“Digital assets are quickly becoming a cornerstone of financial services, underpinned by progressive regulation, growing interest from Tier-1 banks, a steady consumer shift from banks to fintech providers, and booming stablecoin adoption,” Ripple says.
The survey was conducted in early 2026 and the findings released in March.
Stablecoin Boon or Bane?
Ripple has experienced significant success in the stablecoin sector since launching its Ripple USD (RLUSD) stablecoin in 2024.
With a market cap of $1.56 billion, it is considered a major regulated player in the market.
No doubt the platform was pleased to learn through its own survey that financial leaders were most bullish about stablecoins.
Roughly three-quarters of respondents believed they could boost cash-flow efficiency and unlock trapped working capital.
Ripple noted that finance leaders were thinking about stablecoins as more than “just a new way to execute payments”; instead, they viewed them as effective tools for treasury management.
In March 2026, Ripple began testing a new trade finance model built around RLUSD in a bid to increase the speed of cross-border payments.
The pilot initiative, developed alongside supply chain finance company Unloq [https://unloq.com], is running on the XRP Ledger inside a testing framework developed by the Monetary Authority of Singapore.
The Asian city-state is one of the platform’s biggest growth markets.
The idea behind the project is to see whether stablecoin-based settlement can streamline trade finance, too often hampered by reliance on intermediaries and slow reconciliation.
The only potential drawback is that if the initiative takes off, the Ripple to USD price could be negatively affected.
Ripple has always championed its native XRP token as a bridge asset, the “middleman” in the process of a financial institution turning dollars in the US into pounds in the UK, for example.
Ripple converts dollars into XRP and then back into pounds.
If RLUSD can do exactly the same thing, questions will be asked about XRP’s relevance.
That is a bridge Ripple will have to cross if it gets to that point.
Tokenisation Partners
Another interesting finding from Ripple’s survey is that most banks and asset managers are seeking tokenisation partners to help execute their strategies.
Some 89% of respondents said digital asset storage and custody were top priority. “Token servicing/lifecycle management also ranks highly for banks at 82%, while asset managers place greater emphasis on primary distribution at 80%,” Ripple found.
The survey also revealed that just more than half of fintechs and financial institutions want an infrastructure provider that can offer a “one-stop-shop solution”. This rose to 71% among corporate financial leaders.
Ripple attributes this to institutions and firms wanting uncomplicated, cohesive systems.
Infrastructure Rules
In its final analysis, Ripple says companies across the board are looking for partners and solutions that are “secure, compliant, battle-tested and that enable growth and execution”.
“The message is clear: infrastructure decisions made today will shape competitive positioning tomorrow.”
No surprise that this is precisely where Ripple is placing much of its focus.
