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PII 116: Why Poultry Farming May be Too Risky For Most Nigerians Today

The excitement created when stakeholders discuss the lucrative nature of poultry farming business, can sometimes be misleading.

Truth is, poultry farming, despite being profitable, can be quite challenging to startup – and run = successfully.

It takes lots of hard work!

This accuracy of the above statement is apparent, when the painful realities facing most poultry farm businesses since late 2016 till date (April 2018) are considered – as captured in the interview granted by a Kano based Poultry Farm CEO – Alhaji Aminu Adamu (see below).

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Tayo Solagbade's Performance Improvement IDEAS(PI Squared) Newsletter

Tayo Solagbade’s
Performance Improvement 
IDEAS
(PI Squared) Newsletter

Monday 7th May 2018

Logo - Tayo Solagbade's Self-Development Academy


NB: This PI Squared newsletter will be published weekly, on Mondays, in place of the Speaking/Web Marketing IDEAS newsletter, starting from today – 15th February 2016.
 I’m reinventing my Monday newsletter content and theme, to accommodate my vision of serving the growing audience of serious minded individuals and organizations reaching out to me, with information, education. news and research findings designed to help them do what they do better.

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View Tayo Solagbade's video tutorials and demonstrations on Facebook Productivity Tips, Web Marketing, and for his Custom MS Excel-VB driven software applicationsJoin the SD Nuggets community on Facebook.comConnect with Tayo on Twitter.comConnect with Tayo on Google PlusConnect with Tayo on LinkedIn.com

PII 116: Why Poultry Farming May be Too Risky For Most Nigerians Today

The excitement created when stakeholders discuss the lucrative nature of poultry farming business, can sometimes be misleading.

Truth is, poultry farming, despite being profitable, can be quite challenging to startup – and run = successfully.

It takes lots of hard work!

This accuracy of the above statement is apparent, when the painful realities facing most poultry farm businesses since late 2016 till date (April 2018) are considered – as captured in the interview granted by a Kano based Poultry Farm CEO – Alhaji Aminu Adamu (see below).

For those familiar with developments in Nigeria’s poultry industry, the fact that many businesses have suffered major setbacks due to a combination of negative socioeconomic factors is not new.

Unfortunately, the situation has generally been grossly under reported, making many people unaware of just how bad things have been for poultry farm businesses.

Due to the nature of my work, which involves providing a range of unique products and services to livestock farm CEOs, over the past decade or so, I have been priviledged to get timely and detailed access to most of the relevance news.

What’s more, I have actually known several cases of farm business that have since shut down as a result of the unfavourable developments that have occurred in the poultry industry.

News report interviews like that done by Daily Trust newspaper (see below) which was published at the early stages of the crises back in April 2017, if given the widespread circulation it deserved, may have alerted stakeholders and government to the problem that was brewing at the time.

The Farm CEO interviewed in that report was Chairman of Kano based Nana Farms, Alhaji Aminu Adamu – and he was crystal clear in giving his warning about the dangers ahead, which have now become our reality today

Hers’s a quote from him that I feel aptly captured the seriousness of the problem:

“What we have experienced in poultry business from the end of 2016 to date, we have never experienced it before. One, there was unprecedented increase in the price of raw materials for the feed with amaze selling as high as N150,000 per ton. A bag of 25klg of layers’ feed that is used to be sold at N1,300 is being sold at N3,600 and this bag can only feed 200 birds per day.” – Alhaji Adamu Adamu, Chairman of Nana Farms,

Alhaji Adamu noted that the problems being experienced were threathening the livelihood of over 15 million Nigerians who earn their living from poultry farming.

He then – rightly – recommended that all levels of governmnet work with poultry farmers to solve the problems before things got out of control – causing avoidable collateral damage to the industry.

Click below to read the full interview.

‘Why poultry business faces bleak future in Nigeria’
https://www.dailytrust.com.ng/news/agriculture/-why-poultry-business-faces-bleak-future-in-nigeria/195208.html

poultry-bi-bleak
3 key problems he identified  were as follows:
1. Crazy hike (over double) in prices ofpoultry feed = this was due to combined scarcity and increased prices of key ingredients like Maize and Soyabean among others.
2. Uncontrolled importation of frozen chicken which continued to deny local producers the needed patronage from consumers.of poultry meat
3. Poor purchase of eggs leading to severe glut that forced farmers to sell below cost price just to keep going.

Since most farmers lack the resources, financially and otherwise to meet their needs for the feed ingredients required for feed production, most of them who were unable to cope had to either cut down their output or shut down their operations completely.

The poor response of government to the problem as it got worse through 2017 is what has now led to the situation we have today in the poultry industry – despite the potential we all know it has.
Several clients in my network have been so disillusioned and told me they no longer wish to engage in poultry farming, following this bad experience.
And that is why I believe it would be VERY unwise for any persons who do not have the means to ensure access to all the needed resources in adequate amounts at the right time, to venture into poultry farming at the moment. Things are simply  not right for small players, even medium ones, to do so for now.
For those already in the business, the key to survival will be paying close attention to cutting down costs in terms of time, effort, money and resources used. Best practice at all levels must be enforced. Otherwise, you may have little to cheer about at the end of your production cycle.
 

It goes withou saying, however, that if the needed support is provided to boost supply of key ingredients and inputs needed for poultry farming, this business is one that interested persons can definitely look to  profit handsomely from.

Many have done so in the past, to the extent of even passing their ventures down across several generations. It’s a business that is self-sustaining when the conditions are right.
The onus is on the Nigerian government to create those conditions in the industry, especially if it wants to make poultry farming truly attractive to millions of youths looking for worthwhile work to venture into!

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New posts from last week*

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Make Money Using THIS Secret Advanced Spreadsheet Automation Report Generation Weapon [First 10 Persons Only]

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Tayo K. Solagbade*

Self-Development/Performance Improvement Specialist and Multipreneur

*Best Practice Farm Business Support Specialist & Founder of the MS Excel Heaven Visual Basic Automation Club and Competition

Mobile: +234-803-302-1263 (in Nigeria) or +229-66-122-136 (in Benin Republic)

http://www.tayosolagbade.com

Tayo K. Solagbade is a Location Independent Performance Improvement Specialist and Multipreneur (i.e. a highly versatile/multi-skilled entrepreneur), with a bias for delivering Best Practice solutions to Farm Businesses and others.

Since 2002, he has earned multiple streams of income providing individuals and organizations with personal development training and coaching, custom MS Excel-VB solutionsweb marketing systems/ web hosting, freelance writing services, and best practice extension support services (for farm business owners).

Tayo is the author of the Self-Development (SD) Bible™ and the popular Livestock Feed Formulation Handbook. He is also the developer of its accompanying Excel-VB driven Ration Formulator™ and the Poultry Farm Manager™ software.

He has delivered talks/papers to audiences in various groups and organizations, including the Centre for Management Development, University of Lagos, Christ Baptist Church, Volunteer Corps, Tantalisers Fast Foods and others.

In May 2012 he was the Guest Speaker at the Centre for Entrepreneurship Development’s Annual Semester Entrepreneurial Lecture at Yaba College of Technology in Lagos.

On 1st April 2013, Tayo (who reads, write and speaks the French language) relocated to Cotonou, Benin Republic to begin slowly traveling across the West African region.

His key purpose is to deliver talks, seminars and workshops on his key areas of focus and interest to interested audiences (Email tayo at tksola dot com for details).

In a previous life, before leaving to become self-employed, Tayo served for seven years (October 1994 to December 2001) as a high performing manager in Guinness Nigeria. He rose from Shift Brewer to Training & Technical Development Manager, and later acted in senior roles as Production Manager and Technical Manager.

In addition to constantly challenging the status quo and influencing positive work changes, he built a reputation for using self-taught spreadsheet programming skills (starting with Lotus 1-2-3, and later moving to Excel Visual Basic) – in his spare time – to develop Automated Spreadsheet Applications to computerize manual report generation processes in the departments he worked. Over four(4) of his applications were adopted for brewery level reporting.

Tayo holds a B.Sc degree in Agricultural Extension Services from the University of Ibadan, Nigeria, having graduated top of his class – with Second Class Upper Division honors – in 1992. He is an Associate Member of the UK Institute & Guild of Brewing, a 1997 National Finalist of the Nigerian Institute of Management’s(NIM) Young Managers’ competition, a Certified Psychometric Test Administrator for Psytech UK, innovator of Spontaneous Coaching for Self-Development™ (SCfS-D™), and Founder of the Self-Development Academy (SDAc).

When he’s not amazing clients with his superhuman skills (wink), Tayo works as the creative force behind his Daily Self-Development Nuggets blog – on which he also publishes The Farm CEO Weekly Newspaper (sent via email to paid subscribers) and his Weekly Performance Improvement IDEAS newsletter.

You can connect with him on Twitter @tksola.com and Facebook.

Visit Tayo Solagbade Dot Com, to download over over 10 performance improvement resources to boost your personal and work related productivity.

====
[IMPORTANT NOTE:====

On 4th May 2014, Tayo’s 9 year old domain (Spontaneousdevelopment dot com), which hosted his website, was taken over by Aplus.net.

Within a few days however, Tayo used his advanced self-taught web development skills to build a SUPERIOR “reincarnation” of it the website http://www.tayosolagbade.com.

But updates are still ongoing to URLs bearing the old domain name in most of the over 1,000 web pages, and blog posts he’s published.

If you experience any difficulties finding a page or document, email Tayo at tksola dot com.

Click “Tayo, What Happened to SpontaneousDevelopmentDotCom ?” to read a detailed narrative about how the above event occurred :-))

Here’s an article Tayo wrote, to inspire others to defy adversity, and bounce back to even greater reckoning at what they do EVERY time:

Succeed by Emerging from Adversity Like a Phoenix

(TayoSolagbade.com launches extra Hosting plan with FREE Web Marketing!)

And he wrote the one below, to explain why losing a domain name, no matter how old, NO LONGER determines your online success or otherwise:

A Proven Strategy to Find Profitable Buyers Regardless of Your Domain Name
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View Tayo Solagbade's video tutorials and demonstrations on Facebook Productivity Tips, Web Marketing, and for his Custom MS Excel-VB driven software applicationsJoin the SD Nuggets community on Facebook.comConnect with Tayo on Twitter.comConnect with Tayo on Google PlusConnect with Tayo on LinkedIn.com

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audience profile. I can help to research and investigate the market there, to get firmer details of what it will take to get started etc.


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