Investment justification
Nigeria is about the largest market in the black world for food items. Market for broilers is also most automatic because less than 50 per cent of food requirement in Nigeria is currently being met. To this end, whatever is produced will definitely get market, even at good price. The land requirement for broilers production is very minimal. 10,000-broiler farm will need about two plots of land for effective take off.
Broiler production is highly profitable. Percentage return on investment is about 50 per cent. Market also exists in other African Countries such as Niger Republic, Chad Republic and Northern Cameroun.
The recent ban on importation of frozen chicken has made commercial broilers production lucrative as competition between imported and the locally produced has been removed.
The fear of birds dying has been reduced to a minimal level with advancement in production of vaccines that prevent and cure the usual diseases associated with poultry. A serious minded broiler farmer can also insure the birds with the Agricultural Insurance Company.
Investment in broilers production shall definitely improve the economic well being of the promoters, provide job opportunities, and increase the productive capacity of the nation, provide more food for the nation and reduce social vices.
Raw materials for feed ingredients for poultry broilers production are readily available in Nigeria. They include such items as maize, Groundnut Cake, Soya Cake, Palm Kernel Cake, Wheat Offal, Rice bran, Bone meal and the Oyster shells. These items can be sourced conveniently in the country.
Technical information
To establish a poultry broiler farm, a farm site that is accessible all the year round is acquired. On acquisition, poultry house is constructed with a section as brooder house to nurse day old chicks for two weeks before being transferred to the broiler pen.
Interested investors can be put through in the areas of design and construction poultry house. On construction, wood shavings are needed on the floor of the houses before day old chicks are brought in Day old chicks are procured from reputable hatcheries located all over the country especially in Lagos, Abeokuta, Ibadan, Oyo, Warri and Sapele. Prospective investors can be assisted in the procurement of day old chicks.
On purchase of day old chicks they are brought to the brooder house already built. Broilers stay in the brooder house for two weeks before they are transferred to the broiler pens. Other routine works needed on daily basis are poultry drugs administration, feeding with well-formulated poultry ration and provision of clean water.
Within eight weeks of intensive feeding, the broilers would have reached table size ready to be sold to interested consumers, hotels, food canteens, catering houses and reputable markets. A large-scale broiler farmer may eventually go into the sale of frozen chickens through investment in processing and freezing.
Profitability
On the establishment of the farm, 10,000 broilers can be raised within 8 weeks. This can be repeated at least four times in a year. A clever investor will have processing unit and freezing facility and marketing outlet with the project.
To raise 10,000 broilers, a minimum of N500 net profit is realizable from a bird. Total profit realizable by cycle is N5,000,000. This can be done 4 times in a year, net income of N20million is achievable. There are living examples of farms in Nigeria that have made fantastic income from broiler chicken farming. Serious minded Investors can be assisted from inception to the actualization of this project.
Authors contact: 08023058045, [email protected].
OLUMAKINDE ONI
