KOKO Business⌕Ask KOKO

KOKO Business · 7 Jan 2018

Nigeria’s Poultry Industry Potential and Economic Impact

KOKO Business: Nigeria’s Poultry Industry Potential and Economic Impact

Experts highlight significant untapped potential within Nigeria’s poultry sector, emphasizing both farmers and investors as key stakeholders. The industry’s economic value is estimated at over N1.2 trillion annually based on consumption figures.

Current production levels indicate Nigeria loses approximately N600 billion yearly through avoidable imports, as only 30% of the industry’s potential is realized domestically.

Amo Group’s initiatives, including tailored models and farmer training, aim to enhance profitability and address industry challenges through targeted outreach.

Historical context shows Amuda-Kannike’s 2015 call for economic strategies to protect jobs and stimulate growth within the poultry sector, underscoring its critical role in agriculture and GDP.

Experts emphasize substantial untapped potential in Nigeria’s poultry sector, involving both farmers and investors. The industry’s annual value exceeds N1.2 trillion based on consumption data.

Current production levels result in Nigeria losing approximately N600 billion yearly through avoidable imports, as only 30% of the industry’s potential is realized domestically.

Amo Group’s outreach initiatives focus on designing effective models, training extension officers, and optimizing projects to improve farmer profitability.

Amuda-Kannike’s 2015 proposal highlighted the poultry sector’s role in economic growth and job preservation, noting its contribution to GDP and agricultural employment.