In what appears to be a major relief for poultry farmers in Lagos State, the Poultry Association of Nigeria (PAN) has confirmed that more farmers are now able to remain in business, thanks to the recent drop in the cost of raw materials used in feed production. This development follows several interventionist policies introduced by the government to cushion the economic pressures faced by players in the agricultural sector.
Speaking in an interview with the News Agency of Nigeria on Thursday, the Chairman of the Lagos State chapter of the association, Mr. Mojeed Iyiola, disclosed that the once-worrying trend of farmers shutting down their poultry operations due to skyrocketing production costs has significantly reduced.
He attributed this positive turnaround to the noticeable decline in prices of essential feed components such as maize, soybeans, and groundnut cake. According to him, these materials, which previously contributed to the high cost of poultry feed, are now more affordable due to strategic government subsidies and incentives targeted at both poultry and crop farmers.
Mr. Iyiola commended the government for its timely interventions, noting that initiatives like subsidised feed prices and support for crop farmers — including free tractor services and the provision of high-yield seedlings — have collectively contributed to improved access to affordable raw materials. He revealed that under a recent scheme, poultry farmers were able to purchase a 25kg bag of layers mash at N14,250 instead of the market price of N19,000, with the balance being covered by government subsidy. Although that particular programme is currently on hold, he assured farmers that the government has promised its continuation in due time.
The PAN Lagos chairman also noted that the improved operating conditions have helped stabilize the industry, encouraging many farmers to maintain their farms and boosting the confidence of prospective entrants into the sector.
“We are seeing a sharp decline in the number of poultry farmers closing down operations. This is a positive sign and shows that government efforts are yielding results. As an association, we are urging our members to remain in the business because better days are coming,” Iyiola said.
He further stated that the association is working hand-in-hand with relevant government agencies to maintain price stability in the raw materials market. With feed costs gradually coming down, the association has advised its members to adjust the prices of their poultry products accordingly so that the benefits can reach consumers and further stimulate demand within the market.
“We are already witnessing price reductions among several members, and this is in line with our collective effort to ensure that the gains from cheaper raw materials are not only felt by the producers but also by the end users,” he added.
With these promising developments, the poultry sector in Lagos — and potentially across Nigeria — is poised for a rebound. Stakeholders are hopeful that sustained government support and improved market conditions will continue to drive growth, stability, and profitability in the industry.
