Festive period: Poultry and rice farmers lament the high cost of production in Nigeria

Poultry and rice farmers in Nigeria are facing high costs in feed and production, leading to increased prices for their products and struggle for both farmers and consumers, especially during the holiday season. The farmers are seeking government intervention to subsidize poultry products and rice, as the affordability of these staple foods becomes a concern due to economic challenges and high costs of essential inputs. The poultry industry has created jobs and benefited from border closures, but faces low demand due to economic hardship. The rice industry also requires government support to offset high costs in paddy rice, logistics, and energy consumption to provide affordable rice for the holiday season.

LAGOS – The poultry and rice farmers have blamed the high cost of feeds and production for the skyrocketing prices of their produce. Not only the consumers are finding it difficult at this festive period, the farmers are not finding it easy as well. The high cost of chicken which has skyrocketed due to the high cost of feed and the economic situation in the country could be a major burden for many Nigerians who rely on chicken and rice as staple foods during the holidays. The farmers called on the government to intervene as the cost of chicken could still skyrocket beyond what a common man could afford. Sulaiman Taofeek, CEO Stoa Farms, Ikorodu in his view said that the affordability of poultry products for Nigerians this yuletide season is a pressing concern. He said that with the high cost of feed and the country’s economic situation, many poultry farmers are struggling to keep their businesses afloat. “In fact, some farmers have even shut down their farms due to the high cost ...