Connect with us


Poultry Farmers Battle High Cost of Feed, Others



  • Poultry Farmers Battle High Cost of Feed, Others

The prices of eggs and chickens may rise soon as poultry farmers continue to battle high increase in the cost of production, including feed.

Our correspondent learnt that the crisis in the industry had sent many farmers out of business while some were forced to reduce their capacity by as much as 75 per cent.

The Chairman, Comtrade Group and founder of Ope Olu farms, Mr. Abiodun Oladapo, disclosed in an interview with our correspondent that the business of animal husbandry was becoming too costly because of high cost of feed.

The President, Poultry Association of Nigeria, Dr. Ayoola Oduntan, confirmed this during a recent media briefing to announce the 2016 edition of the Nigerian Poultry Show.

According to the PAN president, the feed makes up 70 per cent of the cost of poultry production, adding that the cost has risen with the high cost of maize and soya beans being used for the material.

“The reason why we have not achieved the level of success we should in the poultry industry is because of the cost of production, 70 per cent of which is accounted for by poultry feed.

“Two years ago, the price of maize was N50,000 per metric tonne, this has increased to N150, 000. Also, soya beans, which sold for N100, 000/MT in 2014, now sells for N150,000/MT.

“In addition to the cost of diesel for generators, prices of pre-mixes keep increasing with the increasing rate of the dollar and many farmers have shut down their businesses because their margins have been wiped out and they cannot transfer the cost to the prices of eggs.”

He anticipated that prices of raw materials would keep rising in the months ahead, compounded by high dollar rate.

A feed mill operator, Alhaji Abdul Kadir, blamed the rising cost on scarcity of maize brought about by exportation of maize seed by farmers.

For soya beans, Oduntan explained that the local demand was 1.2 million MT whereas the country could only produce 700,000MT.

He said the poultry conference, themed ‘Sustaining the poultry industry in an economic recession’, was meant to raise awareness about the importance of poultry and agriculture.

Kadir added that for the first time, the association would introduce a poultry award ceremony to honour journalists and non-governmental organistations and private sector operators that were committed to the agricultural sector.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.


Siemens Energy Nigeria Appoints Seun Suleiman as Managing Director




Seun Suleiman is the New Managing Director of Siemens Energy Nigeria

Mr. Seun Suleiman is the new managing director of Siemens Energy Nigeria, the company announced on Wednesday.

According to the statement released by the energy company, Suleiman will be responsible for the entire management of operations and decisions on business policies and corporate strategy.

Commenting on his appointment, Suleiman said, “It is an absolute honor to lead the business for Siemens Energy Nigeria and I look forward to delivering on the brand’s promise of excellence.

Suleiman joined Siemens Energy in 2014, bringing over 15 years’ experience and deep expertise in the private sector across Europe and West Africa.

The statement said, “He is an accomplished business strategist and success-driven leader with strong business acumen. Suleiman has also been a core member of the executive management team at Siemens Energy serving in roles as Sales Director West Africa – Service Distributed Generation Oil & Gas and Vice President Service & Digital.

“Prior to this, he also held various functional and managerial positions with ABB Ltd UK, ABBNG Nigeria, Schneider Electric Nigeria and Dresser-Rand Nigeria Ltd.

It added that Suleiman was experienced in establishing operational excellence with specific competence in the power, oil and gas sectors.

Continue Reading


FG Reopens Osubi Airport Warri for Daylight Operations




FG Reopens Osubi Airport Warri for Daylight Operations

The Federal Government on Monday said the Osubi Airport in Warri has been reopened for daylight operations.

The Minister of Aviation, Hadi Siriki, disclosed this in a tweet.

The airport was closed in February 2020 over mismanagement and debt allegation involving aviation service providers and airport management.

However, Oberuakpefe Afe, a lawmaker representing Okpe/Sapeie/vaie federal constituency, recently moved a motion for the Federal Government through the ministry of aviation and relevant authorities to reopen the airport for flight operations.

On Monday, Hadi Siriki said “I have just approved the reopening of Osubi Airport Warri, for daylight operations in VFR conditions, subject to all procedures, practices and protocols, including COVID-19, strictly being observed. There will not be need for local approvals henceforth.

Continue Reading


Nigerian Brand, JR Farms Acquires 11% Stake in Rwandan Firm




Nigerian Brand, JR Farms Acquires 11% Stake in Rwandan Firm

JR Firms, an agribusiness firm with headquarters in Nigeria, has announced partnership with Sanit Wing Rwanda through the acquisition of 11 per cent stake in the company.

The CEO of the company, Mr Rotimi Olawale, explained in a statement that the partnership was in furtherance of its goals to ensure food security, create decent jobs and raise the next generation of agrarian leaders in Africa.

The stake was acquired through Green Agribusiness Fund, an initiative of JR Farms designed to invest in youth-led agribusinesses across Africa.

Sanit Wing Rwanda is an agro-processing company that processes avocado oil and cosmetics that are natural, quality, affordable, reliable and viable.

The vision of the company is to become the leading producers of best quality avocado and avocado by-products in Africa by creating value across the avocado value chain.

With focus on bringing together over 20,000 professional Avocado farmers on board and planting of three million avocado trees by 2025 through contract farming, the company currently works with One Acre Fund in supply of avocado to its processing facility.

The products of the company which include avocado oil, skin care (SANTAVO), hair cream and soap are being sold locally and exported to regional market in Kenya.

With the new partnership with JR Farms- the products of the company will enjoy more access to markets focusing on Africa and the European Union by leveraging on partnerships and trade windows available.

Aside funding, the partnership comes with project support in areas of market exposure, capacity building, exposure and other thematic support to grow the business over the next four years.

JR Farms has agribusiness operations in Nigeria, Rwanda, United States and Zambia respectively.

In Nigeria, the company deals in cassava value chain processing cassava to national staple “garri” which is consumed by over 80 million Nigerians on daily basis, while in Rwanda, it works in the coffee value chain with over 4,000 coffee farmers spread across the East Central African country.

Continue Reading