The Lagos State chapter of the Poultry Association of Nigeria (PAN) has announced that poultry farmers in the state are no longer shutting down operations, thanks to a significant drop in feed costs following various government interventions.
Speaking in an interview with the News Agency of Nigeria on Thursday, PAN Lagos Chairman, Mr. Mojeed Iyiola, attributed the improved situation to reduced prices of raw materials used in poultry feed production.
“To a large extent, the majority of poultry farmers have remained in business and are doing quite well, which has encouraged many to continue in the trade,” Iyiola said.
He commended the federal and state governments for their supportive policies, including subsidies and interventions that helped lower the cost of key feed ingredients like maize, soya, and groundnut cake.
“For instance, instead of paying ₦19,000 for a 25kg bag of layers mash, government subsidies allowed farmers to pay ₦14,250, with the balance covered externally. Although that subsidy program is currently paused, we’ve been assured it will resume,” he explained.
Iyiola noted that the interventions also extended to crop farmers, who received subsidised seedlings and free tractor services — a move that contributed to the drop in raw material prices for poultry feed.
“The sector looks promising with these government policies benefitting both crop and poultry farmers,” he added.
He expressed satisfaction that fewer poultry farms are shutting down this year, stating that the association is actively encouraging its members to stay in business, as “better days are ahead.”
Iyiola concluded by calling on members to pass on the benefits of reduced feed costs to consumers.
“Some major raw materials have dropped in price, and we are urging our members to reflect this in their pricing. Many have already done so, and we hope this continues for the benefit of consumers,” he said.
