Poultry Farmers Lament High-Interest Rates On Bank Loans

• Poultry Farmers Lament High-Interest Rates On Bank Loans

The high-interest rates charged on loans by banks in Nigeria have been a source of concern for the Poultry Association of Nigeria (PAN), as they call for the Federal Government’s help.

The PAN President, Mr. Ezekiel Ibrahim, made the farmers plight known at the opening ceremony of this year’s Nigeria Poultry Show in Abeokuta, Ogun State.

The 2019 Poultry show, themed “Nigeria poultry industry: Managing the value chain for national development” featured the stakeholders in the industry.

According to the PAN President, not all farmers in the country benefits from the Anchor Borrowers programmes.

He said, “I also want to appeal to the Federal Government basically on behalf of the Nigerian farmers. We are suffering because of the high-interest rate from our banks.”

On the current border closure, the PAN President, who was represented by the National Secretary, Joseph Aladesuyi, applauded President Muhammadu Buhari’s decision.

Ibrahim urged the Federal Government to keep the borders closed drive the nation’s economic growth and food sufficiency. He added that the decision would translate into more significant employment opportunities in Nigeria.

According to him, the country’s border closure would also boost sales and production in the industry.