The Poultry Association of Nigeria (PAN), South West zone, has said its members incurred losses running to about N50b as a result of the disruption caused by the naira redesign policy of the CBN.
Addressing the media in Ibadan, Oyo State, the Zonal chairman of PAN, Reverend Gideon Oluleye, who said the losses were due to egg gluts and perished poultry products during the period, expressed fear that about 25 million jobs are under threat in the poultry industry if the Federal Government fails to urgently intervene in mitigating their challenges.
“Let me remind you that the negative impact the COVID-19 had on farmers and farms is yet to abate. Hardly had farmers recovered from this, when the CBN brought another hardship on them through the policy of the naira redesign. As we speak now, between 15 to 20 million crates of eggs are in the economy looking for buyers.
“We also want the Federal Government to, as a matter of urgency, resuscitate the school feeding programme as eggs and chicken meat forms the major components of the programme. Some states have already stopped the school-feeding programme.
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