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.
Credit to Nigeria’s private sector rose to N83.26 trillion in June 2026 from N81.04 trillion in May, signifying a positive balance of N2.22 trillion month-on-month.
Year-on-year, the figure represents a nine per cent increase compared with the N76.13 trillion recorded in June 2025. The latest figures come as the CBN continues to balance efforts to control inflation with the need to support economic growth and expand credit to businesses.
The CBN data shows that credit to Nigeria’s private sector increased by approximately 2.74 per cent month-on-month between May and June 2026. Also, the CBN data noted that credit to the government fell slightly to N40.03 trillion from N40.38 trillion. Other assets, net, dropped to N10.76 trillion from N12.63 trillion.
The credit surge signifies sustained growth in lending to businesses and other private-sector borrowers during the month. The rise in private sector credit was recorded alongside an increase in net domestic credit, despite declines in credit to government and other assets.
Further analysis of the report says that compared with June 2025, private sector credit rose by about N7.13 trillion yea-on-year but net domestic credit increased by approximately N1.87 trillion during the month.
The CBN’s relatively tight monetary policy stance notwithstanding, more banks still loaded funds to the private sector within the period. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 306th meeting on July 20 and 21.
The Committee reviewed recent developments in the global and domestic economies, assessed emerging risks to the outlook and considered their implications for monetary policy and retained all rates.
The Committee decided to retain the Monetary Policy Rate at 26.5 per cent; the Standing Facilities Corridor around the MPR at +50/-450 basis points and retain the Cash Reserve Requirement (CRR) for Deposit Money Banks at 45.00 per cent, Merchant Banks at 16.00 per cent, and non-TSA public sector deposits at 75.00 per cent.
The MPC decision means that credit extension in the private sector will likely continue to rise because of rising confidence in the sector and calls by stakeholders for banks to invest in the private scetor instead of government securities.
