Business
Poultry Farmers Tasks FG On Export Policy Review
Poultry farmers in Abuja have called on the Federal Government to review the nation’s policy on exportation of agricultural raw materials to create employment opportunities for youths in the sector.
A cross section of the farmers said this in separate interviews with newsmen yesterday in Abuja, on the sideline of activities marking the Christmas celebrations.
Some of them said the problem of inaccessibility of raw materials was among the challenges militating against local production of poultry substances and job creation in the sector.
They also said that lack of adequate raw materials could hinder growth in the revenue generation of the nation’s Gross Domestic Product (GDP).
Others appealed to government to review its policy on exportation of materials used for processing of poultry feed to enable the business to thrive.
A farmer in Kuje, Mr Kunle Adeniyi, said that he stopped rearing poultry birds in April due to impact of unfriendly government policies on materials.
Adeniyi lamented that the price of vaccines, building of the poultry cage and other facilities required for the poultry farming had increased.
He said although government established policy to encourage people to engage in the farming, there were stringent principles that made it impossible for people to achieve the goal.
According to him, one major factor affecting poultry farming negatively was high cost of feed required for provision of nutrient.
“Instead of government to design policy that will bring about result in price reduction, it is rather exporting maize, when we can actually process such raw materials into finished products
“No country ever develops like that, government must review its policy to encourage poultry rearing and boost food production in Nigeria.
“It should monitor policies that are made to ensure the effective implementation; when you export raw materials it should enhance our economy.
“If you want to create jobs, is it by exporting raw materials? Government must review its policy to bring about self sufficiency and sustainable food security.
“We can never grow in the sector through such means; rather, government must come up with measures to process raw materials, to create more jobs and increase the GDP,” Adeniyi said.
Another farmer in Bwari, Mr Clement Nwanze, said that the business operation yielded profit for him, in spite of the ugly incidence of crisis that ensued during the Christmas celebration in Bwari.
He said inadequate finances, high cost of feed, vaccines and insecurity of the birds were major challenges in poultry production.
According to him, rearing of poultry birds is good because “I had a good-turn over, despite the fact that it was my first time in the business”.
“I started by rearing 22 chicks in July that matured into Broilers, although I lost three in the process the turn over was profitable, Nwanze said
“By this time next year, I hope government will have reviewed its policy on exportation of raw materials, to enable poultry farmers to key into agriculture as source of sustainable economy”.
A farmer in Nyanya, Mrs Mary James, decried cost of maize, millet, rice and fish often used in the feed production of poultry.
She urged government to ban exportation of such materials to create room for local production of poultry feed.
James said “if that is done government will be doing poultry farmers great help, because not only will many people venture into it, it will also reduce cost of doing poultry businesses”.
“Exporting a finished product that has added value will promote Gross Domestic Product, but to export raw materials which are major source of production, will lead to business loss.”
She noted that if that was done, it would help to improve the culture of poultry production and ensure profit maximisation in the business.
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.