The Poultry Association of Nigeria (PAN) has asked the federal government to provide bailout funds, subsidies, loan facilities and other financial support for its members.
The association made the request during a press conference on Thursday in Ibadan, the Oyo State capital.
PAN Chairman in the South West, Reverend Gideon Oluleye, while addressing journalists said various policies of the federal government and the Central Bank of Nigeria (CBN) have affected members of the association negatively.
Oluleye, flanked by members of the association explained that policies such as naira redesign and the increment in interest rate have affected the industry negatively.
He added that the current security challenges across the country have also affected productivity, as a majority of the members find it difficult to access their farms due to insecurity.
Oluleye appealed to the federal government to support the association with bailout funds, subsidies and other financial supports.
He advised the federal government to re-introduce the school feeding programme so as to absolve some of the eggs and chicken meat from the farmers.
Oluleye urged the federal government to intervene in subsidizing major farm inputs, particularly, maize and soya, much more than they have been doing before.
He explained that doing so will help in ameliorating the negative impact of the naira redesign policy of the government on the farmers.
Oluleye said, “In order to save the poultry subsector of the economy, generating about 6% of the GDP from total collapse, the Federal and State Governments, the Central Bank of Nigeria and all other agencies of government concerned, must rise up and intervene in this subsector of the economy. The intervention should come in the following areas;
“Mopping up of about 15 – 20 million crates of eggs and chicken unsold in the economy right now to ameliorate the losses of the farmers. These products should be used in feeding the people in IDP camps and all our correctional centres all over the country. Some could also be used in government hospitals where meals are served as eggs helps in quick recovery and in building up the immunity of sick patients.
“We also want the Federal Government, as a matter of urgency to resuscitate the school feeding programme, with eggs and chicken meat forming the major component of the programme. This will go a long way in absolving some of the eggs and chicken meat from the farmers.
“We are also pleading with the Federal, States and the Central Bank of Nigeria to intervene now in subsidizing major imputes particularly maize and soya much more than they have been doing before. This will also help in ameliorating the negative impact of the naira redesign policy of the government on the farmers.
“A lot of farmers are running on loan and as a result of this crisis, they could not meet their loan obligation any more. We want the CBN and the Federal Government to help in defraying part of the loan and in some cases outright cancellation of the loan. This will enable farmers to recover and save the sector from collapsing.
“As an emergency measure, let the federal government constitute a committee that will begin the process of mopping up all unsold eggs and chicken meat due to naira redesign policies as these eggs are already going bad. A situation where a single farmer has a hundred thousand crates of eggs unsold in the farm now, the value of which is over two hundred million. Mopping up these eggs and chicken meat now will be a good measure in preventing the sector from imminent collapse”.