Agribusiness is thriving in the Nigerian market these days, and it is a
sector that will be around for a long time. In the current Nigerian market,
poultry farming is one of the fastest growing and successful businesses. Also,
poultry business is the best option for agribusiness aspirants and any
profitable poultry business in Nigeria.
Poultry farming is defined as "the commercialization of many species
of domestic birds for the production of meat, eggs and feathers". Although
raising chickens is profitable, many people fail due to lack of basic knowledge
and business concepts.
Poultry farming has a long history in the Nigerian market, and there are opportunities for profit in this sector. We have researched it and created some important tips to improve and master the art. Poultry farming can be defined as the process of raising different birds such as chickens, turkeys, emus, ducks, geese, etc. for their eggs or meat.
It is something that has been practiced in
Nigeria for a long time so that it has become an important part of the
agricultural and farming system.
Poultry farming can be considered as one of the most lucrative business
ideas in Nigeria today. It does not require a lot of money to start because you
can start from the comfort of your home if you have enough space to take the
number of birds you want.
How to Start a Profitable Poultry Farming Business in Nigeria
Poultry Farming in Nigeria
Demand for livestock products, including chicken, is increasing rapidly
in Nigeria and across Africa due to population growth and urbanization. Poultry
farming is one of the fastest growing sectors of the agricultural industry in
Nigeria.
Nigeria's poultry industry reached over 5.2 billion in 2023.
In terms of market share, Nigeria's textile production is the largest in
Africa, followed by South Africa. Nigeria banned the import of chickens (except
day-old chicks) in 2003, which stimulated domestic poultry production.
Nigeria's poultry sector is highly fragmented, with most chickens being raised
in "backyards" or on farms with fewer than 1,000 birds.
Among all types of poultry (chickens, turkeys, geese and ducks), chickens
are the most common because farmers get a lot of chickens, whether eggs for
food or meat for breeding. High consumption of final products; Chickens and
eggs are in constant demand in the market and even in households in Nigeria
today which makes raising poultry very profitable as it is a powerful source of
animal protein, except for fish, pork and beef.
How to Start a Profitable Poultry Farming Business in Nigeria
Are you planning to start your own poultry farm? If so, you must go into
this business well prepared by considering all its aspects. From setting up
basic equipment to raising birds and marketing your business, you need to take
every step wisely.
Various poultry farming such as duck farming, chicken farming, quail
farming, turkey farming, emu farming, meat farming, etc. However, the
underlying principles and practices are the same.
Below are 5 important steps you must follow to start a profitable farming
business in Nigeria.
1. Select the Type of Poultry Bird to Rear
Before you start your poultry business, it is important to have a clear
idea about the type of poultry you will keep (especially, the type of poultry
that lays eggs).
In Nigeria today, apart from locally raised chickens, there are two main
breeds that are common among poultry farmers.
Broilers - Young males and females reared for meat. They come from
40 g are most likely to be a larger load of approximately 1.5 to 2 kg and just
six weeks.
Layers - Chicken for the production of business and kill meat.
Breeding chickens are bred from one day. They start laying eggs at 18-19 weeks
and continue until they reach 72-78 weeks.
Cockerels - Like broilers, chickens are intended for meat
production and have a special market but their growth is slow, unlike broilers
which grow quickly. Chickens can live in many places.
2. Look for a Suitable Location / Farm Site
The location of your poultry farm is very important to your business. To
start a poultry farm, you need a farm. The amount of poultry land will be
determined by the number of birds you want to keep. If you have enough land in
your garden and cannot afford a new site, it is best to start small. You can
start with what you have, but make it a priority to get a better farm as soon
as you can.
A good place to raise chickens should be away from the hustle and bustle
of the city. It should be a quiet and unpolluted place. The farm should have
adequate, clean and fresh drinking water nearby. In addition, the site should
be free of predators such as foxes and leopards. The location should be easily
accessible from major roads to facilitate the transportation of the crop when it
is ready for sale.
3. Provide a Good Housing and Shelter for the Bird
When it comes to raising poultry, housing is the next important thing
after getting a farm. Proper poultry housing is essential to the safety and
survival of your commercial poultry. The home order is completely dependent on
chicken type and farming system. Schedule stores such as a variety of forms of
a poultry.
The house to be built must be large enough to allow the birds to run
freely. Adequate storage areas will be raised to prevent the risk of flooding.
It will be a wide area that allows movement and flight of birds. In addition,
the shelter must have adequate ventilation and be protected from the sun.
4. Provide Adequate Feeds and Medicines for the Poultry Birds
For commercial poultry production, good quality, nutritious food is very important. Good food and care make the bird always healthy and productive. Food is always kept clean and dry, as contaminated food can infect poultry.
Fresh, healthy and nutritious food is the key to success in poultry farming. Your bird should not be dehydrated. Not having enough water can stunt their growth. Proper medication and vaccination can prevent many poultry diseases. As a poultry farmer, you must have a veterinarian who can come and check on your birds when needed.
There are various drugs and vaccines that help keep your bird
healthy to protect them from viruses and bacteria, possibly causing infectious
diseases.
5. Marketing and Selling Poultry
Poultry farming is a profitable business and the desire of every poultry farmer is to get a good market after every harvest. Therefore, you should pay attention to the marketing and sales of your business.
Don't get so caught up
in the operational side of your business that you neglect the business side.
However, these ideas can help you in marketing and selling your chickens; put
your business online, sell hotels and restaurants, advertise your products,
hire vendors, home delivery, etc.
Cost of Starting a Poultry Business
Many new businesses require a large amount of business capital, which is beyond the reach of most business owners. A typical startup business also takes a long time to generate a return on investment.
In contrast, a small poultry
business has low start-up costs and quick returns. You can start with as little
as N80,000 (basically to cover the cost
of buying day old chicks and feeding them) and get 100% return on your
investment within six months. And because chicks only take 21 days to hatch,
you can start making money just three weeks after you start. No other company
can provide such a fast turnaround.
Advantages of Poultry Farm Business in Nigeria
Starting a poultry business has several advantages. As a result, many
farmers choose to invest in this company. You can start with little money. The
best thing about raising chickens is that it doesn't require a lot of money to
start. To start producing poultry, you just need money.
In addition, many types of poultry, such as chickens and chickens, are
not expensive to care for.
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• No Additional Privileges are Required
Unless you intend to start a business, raising poultry does not require a
lot of space. With one or more chickens or cages, you can raise birds in your
garden. Therefore, if you are interested in raising poultry, you can start with
a few birds in your garden.
• High Returns in a Short Period of Time
Surprisingly, commercial poultry companies promise to get a huge return
on investment in a very short period of time. Few chickens, such as broiler
chickens, grow and gain profit in a short period of time. Poultry products are
sold cheaply. Most people can afford it.
• It doesn't Need a lot of Maintenance
Buildings for poultry farms do not require much maintenance. Also,
cleaning and proper care can help reduce disease in chickens. Some poultry
birds, such as quail and turkey, have few diseases. No license required:
It should be noted that in most cases no license is required. Because
almost all poultry is domestic. Getting permission from the appropriate
government is also easy for poultry.
• Big Global Demand
Poultry provides fresh and healthy food and is in demand around the
world. Because of their nutritional value and freshness, chickens are enjoyed
by consumers worldwide.
• Marketing Made Easy
It is easy to buy poultry products. Almost everywhere in the world there
is a good market for chicken products. Hence, you can sell those items in your
local market. Earn money and job opportunities:
Poultry farming generates income and employment opportunities. Educated
and unemployed youth can earn a living by farming chickens for commercial
purposes. Both women and students can work in this company.
• Easy to Get bank loan
Almost all banks offer these types of business loans. So, if you want to
start a poultry business, you can apply for a poultry loan from your local
bank. New and Modern Poultry Farming Systems
Final Thought
Commercial poultry farming in Nigeria has created and continues to create
business opportunities for entrepreneurs and can be a good source of job
seekers. Many entrepreneurs choose to create day-old chicks and sell them to
breeders, because this option is easy and risky. However, the choice is yours.
As a business owner, you need to get your business cash right at the
start and at the heart of these profitable business opportunities in poultry
farming is a platform, such as our online invoicing software that helps you
easily track cash and Your business expenses properly. .
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