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‘Naira decline affecting poultry business,’ PAN President says

monjola sotubo

May 21, 2015 5:40 PM

Oduntan made the statement while speaking at the 2015 National Summit on poultry business in Lagos.

A poultry farm in Nigeria

The National President of the Poultry Association of Nigeria (PAN), Ayoola Oduntan, has said that the fall of the naira against the dollar is affecting the poultry business in the country.

“The recent devaluation of the naira has affected the poultry business. The price of feeds, especially soya beans, has increased at astronomical rate. This has affected production capacity of many of our members,” he said.

“The Federal Ministry of Agriculture and Rural Development has agreed to give us 2,000 metric tonnes of maize. I know many may think that is small. But the fact is that we have started from somewhere and we are still discussing with the ministry,” he added.

Oduntan also said that the creation of grain reserves by the Federal Government would serve as a solution to the poultry farmers’ dilemma.

monjola sotubo

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