RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Business

10% Job loss looming in the Poutry Industry

Rate Captain by Rate Captain
July 23, 2021
in Business, Markets, News
Reading Time: 2 mins read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

The Lagos Chapter of the Poultry Association of Nigeria (PAN) has warned that Nigeria may likely witness 10% job losses if the immediate problems facing the sector including the rising cost of feeds are not addressed by the federal government.

AlsoRead

Nigeria and UAE Sign Landmark Trade Deal to Eliminate Tariffs on Thousands of Products

Dangote Refinery Suspends Petrol Sales and Cancels Contracts as Crude Supply Issues Bite

US Exports to Nigeria Surge 60% in First 10 Months of 2025

This was disclosed by PAN’s Lagos chapter Chairman, Mr Godwin Egbebe, in Lagos on Thursday, according to the News Agency of Nigeria.

Poultry Association of Nigeria (PAN) ;

“If the growing price of poultry feed and a host of other challenges in the sector continue, 10% of Nigerians may lose their jobs as poultry farmers continue to shut down across the country.

The situation on ground is that the poultry sector is actually at risk because of the growing prices of poultry feed.

The situation has made a lot of poultry farmers to close shop because of the problems in the sector.

Mr Egegbe added that some farmers have called it quits and have started advertising to sell their cages off because they want to close their businesses, he urged the FG to take the problems in the poultry sector very serious.

“It is like they are not taking us serious the way they take the problems in the cattle sector,” he said.

“The kind of employment that the poultry sector gives to Nigeria, the cattle sector cannot give such but the government is not taking the poultry sector serious.

We want the government to do all they can to intervene in the sector so that these poultry farms do not become grounded.

This is because if they do, about 10% of the population will lose their jobs.

He stated that prices cannot keep rising as customers were barely managing to buy poultry products because of the current high prices leading to an egg glut in the market.

 

Previous Post

The Relationship Between The Increasing Gas Prices 5KG and 12KG

Next Post

Nigeria Lawmakers Finally Pass Key Oil Industry Overhaul

Related News

2024 Budget Outline: Oil Price Set at $77.96, Naira Stands at 750 Against the Dollar

Nigeria and UAE Sign Landmark Trade Deal to Eliminate Tariffs on Thousands of Products

by Stephen Akudike
January 27, 2026
0

Nigeria and the United Arab Emirates have signed a Comprehensive Economic Partnership Agreement (CEPA) that removes tariffs on thousands of...

Dangote Refinery Obtains License to Process 300,000 Barrels of Crude Daily

Dangote Refinery Suspends Petrol Sales and Cancels Contracts as Crude Supply Issues Bite

by Stephen Akudike
January 27, 2026
0

Africa’s largest oil refinery, the Dangote Petroleum Refinery in Lekki, has temporarily halted sales of Premium Motor Spirit (PMS, commonly...

Naira Depreciation Forces Imports Down By 65% in Q3, 2023

US Exports to Nigeria Surge 60% in First 10 Months of 2025

by Victoria Attah
January 26, 2026
0

The United States recorded a significant $1.45 billion goods trade surplus with Nigeria during the first ten months of 2025,...

OPEC – Nigeria’s oil production decreases to 972 tb/d

Oil Prices Steady Above Nigeria’s $64.85 Budget Benchmark as Middle East Tensions Persist

by Akpan Edidong
January 26, 2026
0

Global oil prices held firm on Monday, trading comfortably above Nigeria’s 2026 budget benchmark of $64.85 per barrel, supported by...

Next Post

Nigeria Lawmakers Finally Pass Key Oil Industry Overhaul

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

2024 Budget Outline: Oil Price Set at $77.96, Naira Stands at 750 Against the Dollar

Nigeria and UAE Sign Landmark Trade Deal to Eliminate Tariffs on Thousands of Products

January 27, 2026
 Top Story: Central Bank Raises MPR by 200 Basis Points to 24.75%

National Grid Collapses Again, Plunging Nigeria into Nationwide Blackout

January 27, 2026

Popular Story

  • 2024 Budget Outline: Oil Price Set at $77.96, Naira Stands at 750 Against the Dollar

    Nigeria and UAE Sign Landmark Trade Deal to Eliminate Tariffs on Thousands of Products

    0 shares
    Share 0 Tweet 0
  • Dangote Refinery Suspends Petrol Sales and Cancels Contracts as Crude Supply Issues Bite

    0 shares
    Share 0 Tweet 0
  • US Records $1.45 Billion Trade Surplus with Nigeria in First 10 Months of 2025 as Exports Surge 60%

    0 shares
    Share 0 Tweet 0
  • Nigeria Customs Service Surpasses N7.2 Trillion Revenue Target in 2025

    0 shares
    Share 0 Tweet 0
  • National Grid Collapses Again, Plunging Nigeria into Nationwide Blackout

    0 shares
    Share 0 Tweet 0
RateCaptain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>