NIGERIA HAS THE 2ND LARGEST POPULATION OF CHICKENS IN AFRICA.
A report released in 2020 on poultry production in Nigeria showed that Nigeria has the 2nd largest chicken population of about 180 million annually in Africa. Compared to Nigeria’s population in 2020, chickens are currently approximately 26,000,000 shy of the country’s total population, which is estimated to be 206,139,587 according to the statistics published by the World Bank.
Broilers make up 70% of the chicken population in Nigeria, while layers account for 30%.
LOCAL PRODUCTION ONLY MEETS 30% OF CHICKEN EGGS AND MEAT DEMAND.
Despite the expansion of the poultry industry in recent years, poultry farming in Nigeria only caters to 30% of chicken eggs and meat needs of Nigerians, which amounts to up to 300 Mt of meat and 650 Mt of eggs per year. This means there is a huge opportunity in the poultry market for intending poultry farmers in Nigeria, whether on a small, medium, or large scale.
Estimated poultry meat of 1.2 million is smuggled into the country from the Benin Republic alone.
NIGERIA IS THE LARGEST PRODUCER OF CHICKEN EGGS IN AFRICA
About 21 billion eggs are produced in Nigeria annually through poultry farming, making it the largest producer of chicken eggs in Africa. However, compared to other countries, Nigeria’s chicken egg consumption is 60 eggs per annum per capita, compared to 250 eggs per annum per capita in advanced countries.
There is a viable market in the chicken eggs industry.
THE POULTRY FARMING SECTOR CONTRIBUTES 6-8% OF THE GDP OF THE COUNTRY.
Read More Source: babbangona.com
