How to Prevent the Poultry Industry From Collapsing this Year
In order for Nigeria’s poultry industry not to totally collapse this year, farmers in the subsector have called on the Central Bank of Nigeria (CBN) to as a matter of urgency beam its searchlight on the sector.
They asked the apex bank to make it a priority in the first quarter of this year to help the poultry industry survive by supporting the subsector under its Anchor Borrowers Programme (ABP).
Ezekiel Ibrahim Mam, National President, Poultry Association of Nigeria (PAN), in a chat with Daily Independent lamented that up till now the farmers especially the smallholders and medium scale poultry farmers have not gotten any financial assistance in the 36 states of the federation and the FCT, either in terms of loan or grant or any palliative from the apex bank.
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“In the poultry industry, we appreciate the CBN for releasing maize but up till now we have not gotten any financial assistance either in terms of loan or grant or any palliative as I am speaking to you now. The CBN asked us to list the smallholder and medium scale farmers, we gave them the list of all smallholder farmers and medium scale farmers with their details and farm locations promising that they will release funds to cushion the effects of high cost of raw materials and also remain in business”, Mam said.
He said the greater majority that sustains the economy of this country is the smallholder farmers and the medium scale farmers and they are in dire need of financial support either loan or grant so that they can be back to production.
“Their capital has been eroded due to the cost of raw materials, so it is imperative for them to be assisted. I am appealing to the CBN; it should be a priority in the first quarter of 2022 to help the poultry industry to survive.
“First and foremost, we must appreciate the government for the initiatives of food security, it is a very good and laudable initiative. We also appreciate the CBN for the ABP and for the various interventions that have been made from time to time which has reduced the tension a little bit.
“As I am talking to you we have not received a dime for the smallholder and medium scale farmers, we appreciate them on the big players in the industry,” he said.
However, Mam noted that his greatest concern is the major challenge of the leakages in the Anchor Borrowers Programme.
“There is a challenge that most of these funds are not going directly to the people that need them; that is the real actors in production which are the farmers. If this money is reaching farmers directly, our situation in the country will not be like this. We will not be talking about food shortage in the country but we will talk of exportation.
“We appreciate them, they need to do more. They must channel the fund to the right people,” he added.