Introduction to Poultry Farm Business in Nigeria
Starting a poultry farm business in Nigeria is a very wise investment decision at the moment. Given the federal Government’s willingness to promote and invest in agriculture and create a diversified source of income for the country. Launching your own poultry farm business may be the best decision yet. Investing in a poultry farm business is a short term investment, you will begin to earn from it in months. With dedicated discipline, the poultry farm business can make you a millionaire!
“People should begin to appreciate the job of livestock rearing, most of us started small and we have come a long way and that includes financially,” Says Mr Hakeem Adewale, President National association of Poultry Farmers Ekiti State.
Poultry Farming can be explained as the process of raising or rearing domesticated chickens, turkey, geese for the purpose of farming meat and eggs for sale or consumption. The most common bird used for poultry farming is the chicken. In recent times, more poultry farmers have begun rearing diverse birds. A poultry farming business doesn’t need a familiarity with rocket science to start.
Requirements for starting your own Poultry Business in Nigeria!
Small Scale: 50 – 250 thousand Naira
Medium Scale: 300-500 thousand Naira.
Poultry farming means rearing birds for meat or egg which is either used for sale consumption. The process involves buying some chicks, it is advised you get a lot of chicks. Create a home for them; the home should be spacious and wide enough for human access. Put the chicks in their new home. Then get chicken food and make sure there is constant supply of water for the chicks. Also ensure there is enough chicken feed for the chicks. While they eat and drink, there would be growth. You also have to protect the chicken from harm, which may come from snakes or other wild animals and even human intruders. Always inspect the chicken home and block any holes or space through which a harmful wild animal might get in. When your chickens are grown, you can let them mate for eggs. And Kill some for meat or sell if you want.
Business Equipment Required for Poultry Farming in Nigeria
- Housing: The poultry house can be constructed or rented. Constructing a large Poultry house would cost 70,000 Naira.
- Egg Incubator: this should be gotten and used for incubating the chicken eggs, costs 250,000 Naira
- Chicken Feeder: This equipment is needed and is used to feed the chickens , it costs 8000 Naira for one.
- Heater: This equipment will Help in keeping the chicken house warm, you can put a bulb in the chicken house to keep it warm. A bulb is 70 Naira.
- Egg handling Nest: This egg handling nests are needed for transporting the eggs from one place to another. Getting one will set you back by 5000.
- Egg Laying Nests: This laying nests are needed for the chickens to use while laying their egg
Raw Materials Needed for Poultry Farming in Nigeria
These are classified as raw materials needed for this business:
- Chicks: Get these in as much number as you can, getting a chick would cost 100 Naira * 100 chicks, which is 10,000 Naira.
- Chicken Feed: a bag of chicken feed would cost you 7000 Naira
- Water: Keep a steady supply of clean water to the chicken house.
1 Year Income Projection for Poultry Farm Business in Nigeria
It typically takes a chicken 5-6 months to begin laying eggs. A chicken lays an average one egg per day, though sometimes it is more. One egg per day per chicken. But applying the rule of expecting less, let’s assume its 80 eggs per day from 100 chickens. In a month its 80 * 30 = 2400 eggs. In 6 months 14400 eggs. Lets say you sell each egg for 40 Naira = 576,000 Naira in 6months. Now this income is just from 100 chicks which costs 10,000 Naira. Buying more means more income.
Similarly, if your aim is to sell your chickens after every 6 months, 100 chickens at 4,000 Naira per one will fetch you 400,000 Naira every 6 months from 100 chicks that costed you 10,000 Naira.
Risk and challenges involved in the Poultry Farm business in Nigeria:
The risks involved in this business are quite few and can easily be contained with adequate hard work:
- Chickens may die: This is the biggest risk in this business. Proper nutrition and diet should keep the chickens from dying and prompt treatment and quarantine of sick chickens would also go a long way in reducing mortality rate of the chickens.
- Egg Loss: there are harmful wild animals who steal eggs. These animals include snakes and some other reptiles. Ensure your chicken house is safe and keep harmful egg stealing animals away. Egg loss may also occur from man-handling, mitigate this by being careful always.
How to Attract Customers to patronize your Poultry Business:
Poultry farm business in Nigeria usually doesn’t need to be publicized a lot because it is a business that sells. To attract constant patronage, you can do these
- Advertise your business by word of mouth by telling your existing customers to tell others about you.
- You can print and distribute flyers around your locality.
- Ensure your birds and eggs are in good condition. Good product means good publicity.
- Offer excellent customer service.
- Reward loyal and existing customers