Border closure saves Nigeria’s poultry industry N50 billion - Official

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 78%

Business News News

Business Business Latest News,Business Business Headlines

The land border closure with neighbouring countries has saved the poultry industry in Nigeria about N50 billion since its commencement in October

Eustace Iyayi, Registrar and Chief Executive Officer of the Nigeria Institute of Animal Science , made the disclosure at a news conference in Abuja during a news conference with the theme, “Nigeria border closure: Impact on the livestock sub-sector, food security and employment generation.”

“With an estimated 180 million poultry population and annual output in excess of 700,000 metric tonnes of eggs, that is about 450 million crates of eggs and 300,000 metric tonnes of meat, one can only imagine the several hundreds of thousands. According to him, the growth could go beyond the current estimated annual rate of 3.3 per cent, by taking total control of local market.

“According to the Poultry Association of Nigeria the closure of Nigeria’s border by the Federal Government is currently reducing smuggling of chicken into the country and will further cut this down by one million tonnes annually if the effort to stop smuggling is sustained,” Mr Iyayi said.He explained that the drastic reduction in smuggling of finished commodities into the country would enhance the increased production of primary products that are processed to obtain the final products.

He reaffirmed that on August 20, President Muhammadu Buhari ordered a partial closure of the land borders with Republic of Benin, Niger Republic and Cameroon to facilitate a joint operation.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

atitebi_femi

Not to be sentimental in anyway I support MBuhari on border closure as big as NG we should never depends on foreign countries on what we consume.Poultry and other Agric products are thriving ProfOsinbajo

PMB deserves an applause for this

Wailers are always sad whenever buhari has done what PDP could not do in 16years

People who want to live in a better country but are daily wishing negative on the country can never enjoy goodness in the land. They will enjoy what they wish for Nigeria.

What happen to all this people for good sake, wishing your own country bad, just to have something to say, sad 😢

Which official is this that was just dishing out figures without any research.

As ehhh real ole o

bakowhyte Ok

..... And what did we lose?

Why are you still borrowing money. Where are the recovered loots? Where is our oil money? Ole.

ridwanking4 46mins just 12 retweets and 37likes because it doesn't suit their bad luck narratives, some are already asking if its true others are saying its a lie. May Almighty God punish all those waiting to hear bad news about this great nation. Awon omo irankiran.

This could be very true...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nigerian govt orders business owners to stop N50 POS charge - Daily Post NigeriaThe federal government has reacted to the N50 stamp duty imposed on consumers for transactions. The Federal Competition and Consumer Protection Commission
Source: DailyPostNGR - 🏆 11. / 59 Read more »