'How livestock industry can hit N50 trillion in 10 years'

Its Director-General Prof Eustace Iyayi said for this to happen, the right structures must be put in place.

This, he estimated, will rise to more than 30 percent at the rate of the 10-year projected figure against today’s GDP.“We are grossly under producing because we still import 70 percent of our beef and 25 percent of poultry. We consume about 1.3 million metric tons of milk annually and 60 percent of it is imported,” he said.

“Second, is to adopt ranching for our beef and dairy cows. Rearing them in confinement will lead to their improved productivity. “Coupled with our regulatory activities, our goal is to have a formidable feed sub-sector that can export feed to the global market very soon. For other commodities such as poultry meat, beef, milk, hides, and skin much work needs to be done first to satisfy the internal market before export.

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