Based on research, we found out that Poultry Farming is one of the biggest growing business in Nigeria. Bear it in mind that In Nigeria it is probably one of the most lucrative farming business you can do in Nigeria especially when it is setup and managed properly.
The farmers we currently have are not producing enough poultry and will not be enough even in the next ten years! This aspect of livestock farming presents one of the finest opportunity for entrepreneurs to make good money within the shortest period of time possible. This is made possible due to the quick maturity of chickens.
Statistics has it that Over 160 Million consumers in the country buys poultry products on daily basis, the market is always here waiting to be tapped. The demand for eggs is so high that people go about everyday looking for where to buy eggs for supply.
Many don’t really know what the poultry farm is all about, that is the main reason we came up with this article which will categorically help you know what to do and how to start it up. So, how exactly can anyone who wish to start poultry farming in Nigeria be able to go about it and come out very profitable? Fear not because this article will cover a lot of ground, and it is written based on personal experience and continually updated to make sure the information here is as accurate as possible at all time.
We are going to take a critical look at the business and how entrepreneurs who are interested in this business in Nigeria could start easily without wasting much time and resources. It’s a good thing we make it known to you that any body can engage in poultry farming business, it doesn’t matter your educational or financial background.
You can start at any level and grow as big as you want with time. The most important thing is that you are interested and equally have the passion to start somewhere.
This write up will particularly focus on how to start small and grow big which I think will interest anyone with limited financial capacity who wants to start small without involving much risks.
You don’t have to worry, Hybridoma technology has made out world a sweet place thereby making the business fast. Chickens now grow very fast, Unlike goats that takes 2 to 3 years to mature, a chicken can be ready for the market within 28 weeks from birth. That is why it is considered ideal business for loan takers who may actually invest the loan and within 30 to 40 weeks, they may start paying back through the money realized from sells. That is if everything goes well as planned.
Know The Profit Potential in Poultry Farming Business
1. Chicken Reproduce Fast
Know it that an Average healthy chicken Layer lays egg almost everyday or at least 4 times in a week. Some Breeds can lay as much as 325 eggs in a year and take 21 days to hatch. This means that technically a Layer is capable of producing another chicken twice in three days.
So, if you have 500 healthy layers of good breeds (such as California white) they are capable of reproducing a whooping 12,000 chicks within 40 days! insin’t that interesting ?
2. Chicken Grows Very Fast
As the say that patience is also important, because Within 21 days, the egg is hatched and within 28 weeks, they are ready for the market, which now allows the farmer to start making his money in just 34 weeks after successfully setting up his farm and whatever returns he make could be doubled in a year based on this calculation.
3. Chicken Sells at Very Good Price
Talking about the price of a chicken, a fully grown healthy chicken sells between 2,000 to 2,500 naira in Nigeria. so come to think of it, if you produce 12,000 chickens in your farm, you will be making N24 million by the time they are completely sold.
4. Egg market in Large too
Inspite of you selling the chickens, know it that the egg is another vital way of making your cool money of it’s own. A crate of eggs sells for N500 – N550 for smaller eggs and N600 – N650 for bigger ones. Each crate contains 30 eggs. Therefore, if you have 500 layers that produces 12,000 pullet in a month and decides to sell all, you will be making Over N200,000 to N260,000 on monthly basis.
Poultry farming is a cool and interesting business to do. It only requires your time and your determination. Its paying as long as you are willing to take part in it. A time will come when millions will discover the hidden treasure in animal farm ,as you can see, the profit in poultry farming in Nigeria is mouth watering and the turn over time is fantastic.