The Lagos chapter of the Poultry Association of Nigeria (PAN) has predicted a drop in the prices of eggs with the continued state farmers’ feed subsidy.
The PAN state chairman, Mojeed Iyiola, disclosed this recently, saying that the initiative aims to boost local agricultural production. Nigerian poultry farmers predict new egg prices as Lagos Intervenes.
The Lagos State government, via the N500 million Ounje Eko Farmers Subsidy Programme, is empowering farmers with a 25% subsidy on animal feeds, specifically, poultry and fish.
The feed subsidy distribution began on February 5, 2025, and will be done all Wednesdays in February.
Findings show that a crate of eggs sells for between N5,000 and N6,000, depending on the size.
Data shows that in the first quarter of 2024, a crate of eggs sold for between N2,800 and N3,000.
Farmers laud Lagos State initiative
The News Agency of Nigeria (NAN) reported that the PAN chairman praised the state government and the Ministry of Agriculture and Food System for intervening.
Iyiola expressed hope that the initiative would lead to a drop in egg prices, saying that the feed distribution from the state is a great idea.
“The future is looking bright for poultry farmers. We are indeed happy and grateful to the Lagos State Government for the intervention,” he said.
Source: legit.ng
