In one of my articles we wrote about the investment opportunity in processing of bone and meat meal to be used in the production of livestock feed. Our subject of discussion on this article would be on the production of livestock feeds.
Nigeria, with a population of about 140,000,000 people is grossly underprovided with an essential food component, which is protein. For example, data from the FOS, CBN, and FAO indicate that from cattle, less than 2kg of beef is available to an average Nigerian per year and just mere 4kg of eggs per annum is available to each Nigerian.
In fact, milk production has been nose diving or at best has remained constant since 1994.This scenario is compounded more so when the volume of egg supply is very low, being 10.56g per person per day as compared with the usual recommendation that an egg should be consumed by an adult per day. This recommendation would imply a crate of 30 eggs per month. This story also holds for other meat products including, chicken.
To ameliorate this problem of low-level of protein intake, there is the need for concerted effort, among the various stakeholders to bring about the massive production of protein based food items at competitive costs so that they would be affordable to the general masses. Aside from the other necessary economic reforms, massive investment poultry farming is one way of resolving the problem and invariably in the production of livestock feeds.
Poultry birds require different food formations at different stages of their lives. Some of the feed required is chicks mash, layers mash, broiler mash and growers mash.
Equipments required for production includes grinding machine, mixing machine, weighing scale and generating set. All the equipment is locally available.
It makes sense to invest in livestock feed production in Nigeria where over 70% of the cost of operating a farm is spent on feeding. The market is large, expanding and sustainable.
For a small scale production of about 2.5 per day, we expect a profit of between N 120-000 to N 150,000 monthly.
Other source of income for the investors includes processing for other poultry farmers and trading on the raw material.
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Report Title: MINI-POULTRY FEED PRODUCTION IN NIGERIA, THE FEASIBILITY REPORT.
Report Code: FORA/08/FEEDMILLING/2013/012556288
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