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Poultry association blames rising cost of egg on forex, greed
By Francesca Hangeior
The Poultry Association of Nigeria (PAN), Lagos State Chapter, has blamed increase in the price of eggs on the fluctuating foreign exchange rate and greed by some middlemen.
The Chairman of the Lagos State Chapter of PAN, Mr Mojeed Iyiola, said, the increase is caused by rise in the price of feed materials due to fluctuations in the Naira exchange rate with the dollar.
Reports have it that the price of eggs, as well as other poultry produce, has continued to increase.
A crate of eggs from the poultry farm gate now sells for about N3400, up from N2700 in January.
Meanwhile, Iyiola said, “The price of feed materials is the cause of the hike in the price of poultry produce, especially egg.
“The price of feed materials increases on a daily basis. You buy a bag of layers’ feed for N10,000 today, the next day it would have risen to N10,500 and so on.
“Dealers in poultry feed materials have blamed the fluctuations in the dollar exchange rate as the reason for the constant increment,” he said.
Iyiola said that major components of feed meal were being imported into Nigeria.
“The component of feed we do not import is maize. Even soybeans is partially imported into the country,” Iyiola added.
He said that farmers preferred to export soybeans to neighbouring countries for higher profits.
“They prefer exporting them to selling locally.
“The greed of middlemen in the sector, for extra profits, contributes to the consistent hike in egg prices.
“From the farm gate, the least we sell a crate of eggs is N3300 to N3400.
“Middlemen hike the price of the produce beyond normal; if you get a crate of eggs at the farm gate price, a profit of N200 is not bad.
“They prefer selling at higher rates, thus exploiting the average Nigerian,” he said.
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Finally, IGP approves hunger protests across Nigeria
The Nigerian police has finally approved the planned nationwide protests and outlined conditions for participants.
The Inspector General of Police, Kayode Egbetokun, revealed this on Friday while addressing journalists in Abuja.
He urged all groups planning to participate in the proposed nationwide protest to submit their details to the Commissioners of Police in their respective states.
The police boss said this was to ensure the protest was peaceful.
Egbetokun said, “We acknowledge the constitutional right of Nigerian citizens to peaceful assembly and protest.
“However, in the interest of public safety and order, we urge all groups planning to protest to provide necessary details to the Commissioner of Police in the state where the protest is intended to take place.
“To facilitate a successful and incident-free protest, they should please provide the following information: state the proposed protest routes and assembly points; expected duration of the protest; and names and contact details of protest leaders and organisers.”
The police boss said the information expected from the organisers also include measures to prevent hijacking by criminal elements, as well as key identifiers for possible isolation of potential troublemakers.
By providing the information, he said, the police will be able to deploy adequate personnel and resources to ensure public safety.
He said the police needed to know the specific routes and areas for the protest to avoid conflicts with other events or activities.
Mr Egbetokun said the police will “establish clear communication channels with protest leaders to address any concerns or issues that may arise; minimise the risk of violence, property damage, or other criminal activity.
“We encourage all protesters to cooperate with the police, obey the law, and adhere to global best practices for peaceful assembly to guarantee a safe and successful exercise of their rights.
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