According to the National Publicity Secretary of the Poultry Association of Nigeria, Godwin Egbebe, economic difficulties have led to the closure of 30% of poultry farms across Nigeria in the first half of 2024.
In an interview with NAN on Tuesday, Egbebe attributed these closures to high operational costs, which have consequently raised egg prices nationwide.
He urged the government to intervene promptly to prevent a total collapse of the poultry farming sector.
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“The severity of the situation faced by poultry farmers necessitates government intervention,” Egbebe emphasized.
The closure of these farms coincides with a significant rise in egg prices, with a crate costing N4200 in June 2024 compared to between N2500 and N3200 earlier in the year.
These developments come amid reports from the National Bureau of Statistics indicating that headline and food inflation in Nigeria rose to 33.95% and 40.66% respectively by May 2024.
