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Nigerian bank to develop its own poultry farm

The Central Bank of Nigeria (CBN) is making plans to build its own poultry farm, which will, upon completion, be the largest poultry farm in Nigeria.

This is in line with the latest direction of the CBN of becoming a diversified and profitable entity. To further this dual purpose of profitability and diversification, the new CBN poultry will supply the public with eggs and old layers.  It will also supply chicken and eggs to the planned CBN hotel and conference centre. The CBN is confident of the profit potentials of its latest ventures as both the poultry and the CBN Hotel will rely on the long awaited CBN power plant for cheap power supply. Issues hampering the implementation plan for the CBN poultry were the delays caused by other stakeholders at the CBN who believe that hospital development is more lucrative. 

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8 comments

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    omotoso mopelola

    This is very intresting! Professionals should be involved and i hope it wll enable the Bank understand the Industry better and give appropriate interest rate to the sector.

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    Albert G. Figueroa

    Congatulations to CBN for getting into poultry business which is a very profitable and one of the most stable business in the industry today. Am from the Philippines and worked for San Miguel Foods, Inc. as Broiler Technical Specialist for 15 yrs. Am now a management consultant for 6 farms and am willing to share to CBN my knowledge and expertise in broiler production and am willing to work fulltime if given the opportunity. Again my congratulations to CBN

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    okunmoyinbo

    CBN should be fast in bring this economic revolutionizing plan into reality,since better nutrition and diet will keep people away from the hospital.

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    ABIODUN WINNIRAN

    THIS IS A FANTASTIC DEVELOPMENT. A NATIONAL FINANCIAL GIANT EXPLORING THE MOST IMPORTANT NUTRITION INDUSTRY.THEY NEED NOT BE IMPLORED TO ENGAGE THE MOST SOFISTICATED PROFESSIONALS; IT WOULD BE AN UNDERESTIMATION. RATHER, THEY SHOULD BE URGED TO CONSIDER AMELIORATING FARMERS' CHALLENGES IN IN-PUTS LIKE MAIZE AND OTHER ENERGY GIVING INGREDIENTS (WHICH FORM 90% FEED FORMULATION) AND SUSTAINABLE PREVENTION OF POULTRY IMPORTATION TO CURB REVENUE DRAINAGE. NEED NOT SAY MORE. PLEASE, ACCEPT MY CONGRATULATIONS!

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    aladeyelu peter Dare

    THANK GOD THAT THE PLAN HAVE BEEN CONCIEVED, I PRAY THAT IT WILL BE DELIVERED.
    ALSO, THAT IT WILL NOT BE ABORTED LIKE ANY OTHER GOOD PLANS MENTS WELL FOR THE MASSES.IT'S ADVANTAGES AND BENEFITS OVERWEIGH ANY PERSONAL INTREST.
    THE PLAN MUST SEE THE LIGHT OF THE DAY.

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    Paul Iji

    Good move, CBN. There is a need to create jobs for the teeming population of graduates, apart from the nutrition that it provides. Nigeria is grossly short of animal protein. One of the major causes of the present security crisis in the country is unemployment. The CBN should include large-scale grain farming to support feed supply to the farms and site farms appropriately - more grain farms in the north along with poultry farms; more poultry farms in the middlebelt and and think of processing plants in the south.

    Paul Iji

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    Olukiran oluyemi

    This probably is a divine intervention by which the authorities will identify with the business of poultry farming and truly face what it means to run a successful poultry enterprise. However, it is appearing as if the CBN is stepping out of its core mandates. The funds could best have been offered to the existing true poultry farmers who are cost-stressed to enable them sustain the industry.

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    Dr Femi Alabi

    The involvement of banking institution in poultry farming in Nigeria will definitely revolutionize the sector greatly and positively.Problems being faced by poultry farmers will not be a second hand information to financial institutions again and the way forward will be well formulated,funded and executed with researchers in Nigeria.

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