NIGERIAN POULTRY: QUICK FACTS
Agriculture- the most important sector of the Nigerian economy:
- Agriculture contributes about 21.97% or N17.625 trillion ($112.26 billion) to Nigeria’s GDP and over 38% of non-oil foreign exchange earnings.
- About 65% of 170 million Nigerians are estimated to depend on agriculture for their livelihood
- Poultry subsector is the most commercialized of all agriculture subsectors, arguably 25% of Agric contribution to GDP
- Only 2 active Grand-Parent companies (Government regulated)
- Several large Parent companies and integrators
- 100s of large commercial integrated farms
- Millions of small poultry businesses and backyard farms
- Sector growth projected at 7-10% annually over the next 10 years
POULTRY VALUE CHAIN: POTENTIALS
- Food security
- Job creation
- Wealth Creation
- Potential contribution to trade balance and forex earnings (export market)
THE POULTRY VALUE CHAIN
- PRIMARY PRODUCTION (eggs/ meat/ DOC/ POL)
- INPUTS SUPPLY (Finished feed/ raw materials)
- SERVICE (Labs/ consultancy/ Logistics/Hatching)
- PROCESSING (slaughter/ rendering)
- MARKETING & DISTRIBUTION (wholesale/ retailing)
- STORAGE/ WAREHOUSING
- EQUIPMENT SUPPLY