How to invest in poultry

How to invest in poultry birds production

Nigeria is an agrarian country that is endowed with millions of hectares of fertile land, luxuriant vegetation and abundant network of rivers. And it will not be an overstatement to say that the ingredients for successful agricultural investments abound in the country.

Going by the giant strides that had been taken in the field of agriculture before the advent of oil boom, Nigeria has been put in the world map as one of the leading producer of cocoa, groundnut, oil palm, cotton and other cash crops. And this explains why it was so disappointing when with the advent of oil boom in 1972 emphasis was shifted from production of agricultural commodities to mass exportation of crude oil, causing the production of food and cash crops to decline to a dismal level.

The nation’s food importation however leaped from N70 million in 1970 to a colossus amount of N2 billion in 1981 and currently at a staggering amount of over N150 billion annually. The implication of this is that our food security is at the negative side and our being self sufficient and reliant as a nation is under a very serious threat. Moreover, the global economic recession in the last 18 months has been aggravated in Nigeria by our neglect of the nation’s natural, dynamic and self reliant economic base.

The jamboree of oil glut and its attendant price fluctuation has now left us starring at the reality of our situation, we have to go agrarian.

Agriculture is the only panacea to a steady and stable development of the Nigerian economy. We must be able to feed ourselves, export food and reduce our taste for imports. Agriculture is the only sector of our economy that can produce steady export for foreign exchange income and provide steady employment for the teeming population. Point-of-lay- poultry production is one of the projects that can address this problem.

Technical information Day old pullets (laying birds) are procured from hatchery and raised between 14 and 20 weeks. They are now sold to poultry farmers who will keep them till they start laying eggs. Poultry farmers prefer buying point-of-lay birds because a lot of them do not have the temperament to raise day-old chicks to point-of-lay.

In this regard, the market for point-of-lay birds is guaranteed. Requirements for the project include land, poultry building, day-old chicks and feed. Serious-minded investors can be assisted in the establishment of this project.

Profitability A point-of-lay bird is sold at N800 each and 5,000 birds will be sold at N4 million. To raise 5,000 birds to the point-of-lay level will cost a maximum of N2, 250,000.

There is net profit of N1, 750,000, while the cycle can be repeated four times in a year, leaving a net income of about N7 million annually. This is by no means a viable way of surviving in present day Nigeria

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