The current wages of a farm labour for poultry farming in Nigeria is between N10, 000 to N30, 000 a month. There’s a very good market for poultry products. Eggs have many health benefits and are always in demand from both individuals and companies. Companies such as bakeries, restaurants, hotels etc.
Is poultry farming profitable in Nigeria?
Poultry Farming in Nigeria is one of the most profitable agribusinesses in the Nigerian agriculture sector. It is a lucrative money making venture in Nigeria. within a short time frame, due to the fact that chickens mature very quickly.
Is there profit in poultry farming?
Total sale value/ income from the chicken @ Rs 90/kg: Rs 21, 60,000.00. The total profit on the investment is around: Rs 4, 44,000.00 (annually). The sale of other by-products of the farms like manure and gunny bags can bring in an extra income of around Rs 20,000.
How profitable is broiler farming in Nigeria?
The gross revenue per bird was ₦2169.99. The Net profit of ₦660.11 per bird was estimated and this gives a net margin-to-cost ratio of 0.44 which implies that a ₦1 investment in broiler production, all things being equal, would yield 44kobo in return. This indicates that the broiler in poultry estate were profitable.
How much does it cost to start a small poultry farm in Nigeria?
(a) Small scale Chicken Rearing (of about 50 birds) kept in cages at the backyard of your resident will take about N70,000 to start. (b) A medium scale poultry farming that requires land and housing and other materials in 1 – 2 plots of Land takes about N500,000 to N5 Million to start.
Who is the richest poultry farmer?
With a net worth of $1.5 billion, Fu Guangming made his fortune through the poultry business. His company is the chicken supplier for KFC restaurants in China. Fujian Sunner deals with breeding, slaughtering and meat processing of chicken, primarily for China.
How much does it cost to start poultry farming?
NOTE: A small scale poultry farm may cost you between INR 50,000 to INR 1,50,000. Basically, it will depend on the number of birds. If you raise the number of birds, your cost will also increase with that.
Is egg farming profitable?
business grow. That way you’ll be having income to buy more chickens so that’s another good way you can get started. … Consider the method you use (buying day old chicks or point of lay hens) the feed and water bill, you should roughly make around 50% to 55% profit with egg farming.
Is poultry a good business?
Poultry farming has proven already that it can be very lucrative. If you have the appropriate space and the knowledge, starting a small poultry farm could be a great source of income for your family. … As a poultry farmer, you may also sell the eggs and feathers the birds produce.
How many bags of feed can 100 broilers consume?
How many bags of feed for 100 broilers? A broiler would consume an average of 4.25 kg from day old to end of the 8th week. So, 100 broilers would consume (4.25 X 100) = 425 kg or 17 bags of feed for 8 weeks.
How long does it take broilers to mature in Nigeria?
But if everything is kept at optimum, the broiler will get mature from 6 weeks upwards. But the market size is between 6 to 8 weeks.
Is poultry a good business in Nigeria?
Poultry farming could be considered as one of the most lucrative agricultural business ideas in Nigeria today. It requires not huge capital to start as you can start from the comfort of your house if you have enough space to take the number of birds that you desire.
What is the most profitable business in Nigeria?
Here are the most lucrative businesses in Nigeria:
- Oil and Gas business. The simple truth is that Nigeria and to a large extend, the world, still depends on oil and gas. …
- Agriculture business. …
- Food business. …
- Blogging Business. …
- Real Estate business. …
- Furniture business. …
- Hotel business. …
- Transportation business.
How much does it cost to start a pig farm in Nigeria?
Obviously, it is hard to calculate exactly how much money you might need to start your own pig farm. Depending on your scale of choice, you can start of from as little as ₦200,000. Your expenses should include buying land, building the pens, making the feed, buying your piglets and hiring a veterinarian.