Poultry farmers lament loss of N3trn investments to prevailing harsh economy

Poultry farmers nationwide said their members lost more than N3 trillion investments from the prevailing economic hardships in 2023 the country.

The farmers, under the aegis of the Poultry Association of Nigeria (PAN), Lagos State chapter, made the disclosure while speaking with the News Agency of Nigeria (NAN) on Monday in Lagos.

The Lagos State chapter Chairman of PAN, Mr Mojeed Iyiola, said the prevailing harsh economic situation in the country had forced majority of its members to quit the business.

Iyoha said the association lost the amount in revenue in 2023, following the massive closure of poultry farms by majority of its members who could not meet up with their financial requirements to keep their businesses afloat.

According to him, the economic impact of the massive closure of poultry farms in the country since 2023 is enormous.

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