Poultry Investment in Nigeria
Poultry farming is a goldmine, and if you are considering poultry investment in Nigeria, we’ve got you the best guide to get started and attain success! Interestingly, poultry farmers in Nigeria are always excited to share their stories with potential investors.
For example, in 2019, Hajiya Hassana Idris, a Kaduna-based housewife, had an interview with the News Agency of Nigeria in Kaduna. During the interview, she enthusiastically mentioned that every month she earns a whopping sum of N450, 000 from her poultry business. Does that sound like a decent income for you? You have to read on to learn how to get the best out of your poultry investment in Nigeria.
Understanding Poultry Investment in Nigeria
Yearly, the demand for poultry keeps increasing in Nigeria. Out of 200 million birds required to meet the demands in the country yearly, only 140 million are produced annually. The huge gap is clear. But why does the need for poultry keep growing? Consider these:
- Nigeria keeps experiencing urbanization and rapid population growth
- The ban on the importation of frozen chicken has created a market for locally grown poultry. Most people are even dishing red meat for poultry.
- An increase in the number of hotels, restaurants, and events has also increased the demand.
Some have even opined that one of the fastest developing segments in the Agricultural industry in Nigeria is poultry farming. From a market size viewpoint, egg production in Nigeria is the largest in Africa.
Many investors have been encouraged to start poultry farming. Undoubtedly, investing in the poultry business is lucrative, and the investment option is not linear. An investor can choose to invest in turkeys, chicken, or geese. If an investor does things right, they can bank on a high return on investment.
Well, irrespective of the option you desire, let’s explore the process involved in starting poultry farming.
How To Start Poultry Investment in Nigeria
1. Choose the Type Of Bird to Rear
Before investing in poultry farming in Nigeria, you must first consider the poultry breed you want to farm. There are three types of breed open to potential investors. These are reared among farmers. They are:
- Layers: Layers are primarily reared for egg production and meat and are in high demand by most farmers. Layers lay eggs at 17-19 weeks and will continue till about 75-78 weeks. During this period, a farmer can expect one egg per day.
- Broilers: Broilers are reared for meat production. Their growth is rapid. Within six weeks, they can weigh up to 40g to nearly 2kg. The demand for this breed is also high. In fact, the instant return on investment is a motivation for most farmers.
- Cockerels: For cockerels, they are reared for meat too. Cockerels are similar to broilers, but the only difference is that the growth rate of cockerels is slower. Pick the breed that best fits your budget, goal, and other vital factors worthy of consideration.
2. Find A Desirable Location
Location is another excellent factor to consider. Here are some conditions you need to meet when searching for a suitable location.:
- A poultry site must be meters away from several residential buildings and a busy environment. The farm must also have a clean and fresh drinking water source.
- It must also be accessible by road.
- Fresh air is also vital for the well-being of the birds and farmers.
If finding a suitable location is difficult, inquire with friends and families if they have vacant land far from the town that won’t be used in the next few years. That location would be ideal till you get sufficient finance to buy land.
3. Good Housing
Excellent poultry housing is vital for the survival and protection of your birds. The type of house you choose to build or erect for your poultry depends on your farming style and breed. But generally, their housing must meet fundamental standards. Housing meant for birds must be:
- Spacious and allow the birds to roam freely.
- Well ventilated and have sufficient protection against sunlight.
4. Feeding and Medication
Your birds, irrespective of their breeds, need medication and feeding. Unfortunately, most farmers run into massive losses because they pay little or no attention to this. You can learn from the mistakes of others. Feeding and medication determine whether the mortality rate of your birds will be high or low. Without a keen interest in their feeding and medication, the mortality rate will be high. Therefore, invest in quality and nutritious feed.
For medications, give proper medication and vaccination when needed. These measures protect your birds against infectious diseases and other diseases harmful to poultry birds.
5. Sales Of Poultry Birds
Here is another exciting aspect to consider. You need an excellent marketing strategy to make a high profit from the sales of your poultry birds. Pay attention to your marketing strategy. You should not only be intentional about the operational areas of your business. The sales matter too!
Visit forums, already established poultry farmers, and other knowledgeable people in the brand to figure out prices and how best you can strategize. You’ll meet honest individuals willing to lead you right.
But how much is needed to invest in poultry farming in Nigeria? Let’s find out below!
The Cost of Starting Poultry Farming in Nigeria
To start a poultry business in Nigeria, you can begin with as low as N50, 000. This should cover the cost of purchasing day-old chicks and feed. Of course, the higher you invest, the higher your return. So, if you invest more, you can reasonably expect more returns. At any rate, within six months, you can anticipate a 100% return on your capital investment. That’s what makes the business lucrative. Trust me; only a few businesses can guarantee this yield.
With this guide on poultry investment in Nigeria, you can now easily start poultry farming. Currently, there exists a wide market potential for the poultry business. So, take advantage of this and create wealth for yourself!