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FADAMA 111 PROJECT ADDITIONAL FINANCING

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The Nigerian Agricultural Quarantine Service (NAQS)

Monday, 23 December 2019

54 farmers benefit in Ogun State broilers empowerment, 46 get loans




The Ogun State government has empowered fifty four (54) poultry farmers with a total of 54,000 day old chicks that are projected to give a dividend of N130, 000.00 per head after forty two days of proper feeding as 46 people out of these numbers have been given loan of Nine hundred thousand also. This was contained in a press release made available to us.

 It was stated that Ogun state government is very determined to create employment for the youths through agriculture as each beneficiary of these day old chicks would within 42 days of feeding their 1,000 birds earn a minimal profit of about ₦130,000 per cycle of production for each person.
The statement added that there is the provision for buy-back through the off-takers like Amobyn Farms Limited,   Bank of Industry (BOI) and Farmermoni Loan Program for Agriculture.
 Special Adviser to the Governor on Agriculture, Dr. Adeola Odedina who led the stock taking team from the state mandate ministry to Odeda Training farm Institute noted that the empowerment exercise was made possible through Public Private Partnership (PPP) arrangement as government was the one who provided necessary poultry infrastructure for the production of the chicks that were distributed to empower the farmers.  
It was noted in the statement that the Ministry of Agriculture is providing technical support for the project which was designed to meet the demand for poultry meat, reduce importation of frozen poultry products and also create source of livelihood for young agripreneurs through cluster farming, noted that the expected output of between 216,000 to 324,000 broiler birds per annum will reduce importation of livestock products into the country, thereby increasing the State’s Internally Generated Revenue.
The success of the pilot phase will lead to replication in other two senatorial districts of the State towards engaging over 500 agripreneurs with an estimated output of over 800,000 broiler birds per annum according to the statement.


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