Nigerian poultry farm profitability and feasibility for the long term will be affected by the availability of affordable (and in many cases, cheaper) import alternatives.
Where costs associated with importing poultry meat and eggs into Nigeria are low, then competition will be high vs. the domestic product.
Whilst undoubtedly, fresh quality products from domestic producers and vendors promise higher nutritional benefits to Nigerian consumers, we mustn’t underestimate the pull of affordability when it comes to purchase decision making.
And so, I ask – is poultry farming currently a profitable venture in Nigeria? Even despite import alternative pressures?
What is you experience with maintaining a profitable poultry business in Nigeria?
Are you weary of the competitive impact of cheaper import alternatives?
Are you finding ways to increase your value proposition and find niche consumer segments that prefer the value you offer?
The cost of starting up business ventures leads most poultry farmers in Nigeria (who lack capital or access to adequate personal financing) to seek grant funding.
i.e. non-repayable funds that are given in the case of qualification or condition as determined by the scheme organisers and bursars.
This article details 5 types of grant that are available to Nigerians:
1. Business and Entrepreneurship Grants: promoting the success of entrepreneurial ventures through finance and training. 2. Educational Grants and Scholarships: promoting the furtherance of occupational education to individuals focused on self-improvement and economic empowerment through upskilling. 3. Health and Community Development Grants: for the promotion of health improvement and life-style benefits for citizens of Nigeria. 4. Government Grants: targeted at Nigerian entrepreneurs for the purpose of stimulating domestic economic growth. 5. International and Donor Organization Grants: international bodies that provide avenues to funding for Nigerians seeking socio-economic advancement.
With all that said though, are there more ‘creative’ and less bureaucratic ways of obtaining the infrastructural means to begin poultry farming?
Can poultry farms in Nigeria ‘hustle’ their way into a position of advantage when negotiating resources for starting up or expanding?