Relief may soon come for consumers as the Feed Millers Industry Practitioners Association of Nigeria (FIPAN) has assured that egg prices will drop in response to declining poultry feed costs.
National President of FIPAN, Dr. Ayoola Oduntan, credited the price reduction to the Federal Government's agricultural policies, which are now yielding tangible results. "Agriculture takes time to impact the market, but we are seeing the effects. As feed costs decline, chicken prices are also dropping. It's only a matter of time before eggs become more affordable," he stated.
While commending government efforts, Oduntan urged President Bola Tinubu to review import tariffs on essential livestock inputs, warning that high duties and VAT on feed additives were driving up production costs. He emphasized that supporting local farmers and investing in research would further stabilize feed prices and boost the poultry industry.
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He also highlighted bureaucratic challenges such as double taxation and import delays, cautioning that without urgent reforms, high feed costs could lead to job losses, reduced protein availability, and increased reliance on costly food imports.
Despite these challenges, Oduntan praised government initiatives such as the ban on maize and soya exports, improved security, and the establishment of the Ministry of Livestock Development. He also acknowledged the recapitalization of the Bank of Agriculture as a vital step in strengthening the agricultural value chain.
To sustain progress, FIPAN advocates for contract farming partnerships to secure a steady supply of feed-grade maize, reducing competition with human consumption and ensuring long-term stability in the poultry sector.
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