News Formal

25m Jobs At Stake As Nigeria's Poultry Industry Faces Collapse - PAN

  • 📰 LeadershipNGA
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 77%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The Poultry Association of Nigeria (PAN) has decried the high cost of maize prices and the scarcity of the product which is causing farmers to close down

According to them, the CBN had cancelled the allocation of 40,000 metric tons of maize to assist poultry production in the country and stopped poultry farmers from lifting the maize, the development which is majorly contributing to the high prices of maize in the markets.

In order to salvage the poultry industry from the imminent collapse it is witnessing, the leadership of the Poultry Association of Nigeria prays as follows; directing both the Nigeria Commodity Exchange and the Central Bank of Nigeria which manages the Strategic Maize Reserve Programme of the Central Bank of Nigeria to FREE the allocations of 40,000 metric tons to the Poultry industry through the Poultry Association of Nigeria ”, the statement reads in parts.

 

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

 /  🏆 4. 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.

NAICOM, operators to examine local content in oil sectorAccording to the statement, NAICOM would lead the insurance industry to examine key issues that could be challenges for the industry in exploring huge opportunities provided by the Act.
Source: MobilePunch - 🏆 8. / 63 Read more »