There seems to be no respite yet for the poultry industry, as farmers across the country have continued to count their losses due to the impact of the naira redesign policy.
As of March 15, 2023, the farmers have lost over 15 million crates of eggs, being unsold and damaged, amounting to over N30b and according to the Director-General of the Poultry Association of Nigeria, Dr Onallo Akpa, who disclosed that the situation of the cash supply into the system has improved, confirmed to The Guardian at the weekend that, “our people still encounter lots of losses till today.
“What we have been saying is that there’s no how the government can compensate for that losses, it is never possible because who do you compensate? And who do you make a recompense for? So, we are now saying this is the situation, this is the loss, what do you do to assuage the loss further? In doing that, we are appealing to government to intervene in mopping the eggs and chickens.
The Director–General said the industry is one of the most consolidated sub-sectors of Nigeria’s agriculture sector, contributing about 25 per cent of the agricultural Gross Domestic Product and employing over 25 million Nigerians directly and indirectly.
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