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Farmers ask CBN to identify bank-funded poultry projects

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Requesting to know the poultry projects funded by the Central Bank of Nigeria, CBN, the Poultry Association of Nigeria on Monday, declared its intention to know the identities of 166 ongoing poultry projects financed by the CBN across the country.

The PAN President Ezekiel Ibrahim made this known in a call on behalf of the association at an Abuja briefing. The briefing focused on the Nigerian poultry industry’s current situation and how to sustain the sector’s growth and development.

Ibrahim said that the CBN had recently issued a statement where it said that there were 166 ongoing poultry projects funded by the financial institution across the country.

In response, the PAN president said, “The association will be interested to know the identities of these projects and their locations across the country.”

“This is to enable us see how the association can work with the projects that have correlation with and could benefit the poultry industry in Nigeria.”

Ibrahim called on the CBN to expand its monetary support to various agricultural sectors of the economy, adding that the bank should endeavor to involve more stakeholders.

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He said, “While we appreciate the CBN for its roles in the Anchor Borrowers Scheme, the association will be more grateful if all stakeholders are carried along in most of the agricultural interventions.”

“This will ensure that collectively we shall have convergence of action plans to achieve meaningful development since we have common goals and objectives.”

Noting that the poultry industry in Nigeria was a major player in the agricultural value chain, Ibrahim pointed out that it made up about 40 percent of maize and 60 percent of soyabeans produced across the country.

“We are also the major offtakers of rice bran, wheat offal, groundnut cake, among others,” Ibrahim concluded.

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