Business
“Egg Prices Could Soar to N10,000 per Crate” – Poultry Farmers Warn
The Poultry Association of Nigeria (PAN) has issued a warning that the price of eggs may skyrocket to N10,000 per crate if immediate action is not taken to support the poultry industry.
Currently, a crate of eggs sells for around N5,500, but rising production costs and lack of government intervention could lead to a steep hike.
According to PAN, the primary reason for this potential increase is the escalating cost of feed, which accounts for a large portion of poultry farming expenses.
Farmers have been grappling with the rising prices of maize and soybean, key ingredients in poultry feed, alongside other operational challenges like insecurity, inflation, and poor access to credit.
These factors have made it increasingly difficult for farmers to maintain their operations, forcing some to reduce production or shut down entirely.
The association has called on the government to provide subsidies for feed and other farming inputs, as well as create policies that will help stabilize the market.
They stressed that without these urgent measures, egg prices will continue to rise, affecting not just farmers but also consumers, many of whom rely on eggs as a key source of affordable protein.
The situation has raised concerns about food security and the affordability of basic food items, with PAN urging the government to address the issue before the country faces even more severe shortages and price hikes.
- MTN Nigeria Communications Plc (MTNN) – Strong telecom growth and 5G expansion.
- Dangote Cement Plc (DANGCEM) – Leading cement maker benefiting from infrastructure demand.
- Guinness Nigeria Plc (GUINNESS) – Consumer stock with solid turnaround potential.
- Okomu Oil Palm Plc (OKOMUOIL) – Agriculture stock tied to palm oil demand.
- Seplat Energy Plc (SEPLAT) – Energy player with gas and oil sector exposure.
- Zenith Bank Plc (ZENITHBANK) – Tier-1 bank with strong financial performance.
- Guaranty Trust Holding Company Plc (GTCO) – Leading bank with diversified revenue streams.
- Presco Plc (PRESCO) – Palm oil producer with export and dividend potential.
- NASCON Allied Industries Plc (NASCON) – FMCG stock with strong fundamentals.
- Aradel Holdings Plc (ARADEL) – Growing energy sector stock with upstream exposure.
It has been noted that the National Youth Service Corps (NYSC) and British American Tobacco Nigeria Foundation (BATNF) plan to renew their partnership in agribusiness.
The new project is to involve youth in the agriculture business, widen their horizons, and educate them about the agritech sector.
The general manager shared that “The foundation is not only providing grants but also building a system of mentorship, structure, and support that enables corps members to see agribusiness as a serious enterprise pathway.” The plan is to use the NYSC platform to engage youths.
Idi Mukhtar Maiha, Minister of Livestock Development, has revealed the government’s intention of placing women in the livestock transformation agenda that they have in store for Nigeria.
During a recent event, he praised women, describing them as the backbone of the country, and shared that the country will keep on needing their support, hence the inclusion of the agenda team.
He also praised the First Lady for the impact she has made in the country so far and her advocacy for women’s empowerment.
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