Agric Firm Plans to Build N7billion Poultry Farm in Nigeria.

An agricultural company, Multi-Net Group Nigeria, has disclosed plans to build a large poultry farm at a cost of N7 billion in the country. The company’s Chairman, Uzoma Obiyo, who revealed this, said the company would also invest in the full value chain of animal husbandry including breeding of animals and processing, up to abattoir development, declaring that the project was currently on board. According to Obiyo, the company had an interest in developing world class poultry in Nigeria, which was assumed to be very expensive to build. He added that after their visibility reports, Abuja, Niger and Imo States have been chosen as pilot states and about N7 billion would be needed to establish the poultry farms in those states. Obiyo, who pointed out that 14 Federal Government’-owned breeding centres had been abandoned due largely to lack of maintenance and government’s insensitivity to the company’s needs, urged the government to privatize the centres for optimal performance. He maintained that without giving those centres to the private entrepreneurs, their potentials to generate revenues for the government would be jeopardized, which would be a big loss to the economic development of the country. Culled from BizwatchNigeria.