Poultry farmers begs FG, CBN: Save our business from total collapse

Poultry farmers in Southwest on Thursday begged the Federal Government and the Central Bank of Nigeria (CBN) to save their business from total collapse.

They lamented the Federal Government’s naira redesign policy has brought untold hardship on them and their investments across the nation, particularly in the Southwest.

Speaking in Ibadan at a briefing, the Southwest chairman of Nigeria Poultry Association, Rev. Gideon Oluleye, said though they are not against the policy, its timing and implementation have devastated their business.

According to him, losses incurred by farmers are heavy because many farms have already collapsed with others running at half capacity while many will soon close down if the government fails to intervene.

Oluleye said to save the poultry subsector of the economy which generates about six percent of the GDP from total collapse, the Federal Government with CBN and other agencies of government must intervene.