Left Menu
Development News Edition

Nigeria: Poultry Association members calls CBN to fix 3 percent interest rates on loans

Devdiscourse News Desk | Abuja | Updated: 17-09-2020 09:33 IST | Created: 17-09-2020 09:33 IST
Nigeria: Poultry Association members calls CBN to fix 3 percent interest rates on loans
Representative Image Image Credit: Pxfuel

Members of the Poultry Association of Nigeria (PAN) have called the Central Bank of Nigeria (CBN) to fix the interest rates on loans to the sector to a maximum of three percent, according to a news report by The Guardian.

The association, involving poultry farmers, toll millers, input suppliers, and ancillary businesses, also asked the CBN to properly identify and itemize programs it has emplaced for farmers following a recent claim that there were about 166 ongoing programs funded by the CBN across the country.

National President, PAN, Ezekiel Ibrahim Mam, speaking on the current situation of the poultry industry and the way to sustain growth in Nigeria, said, "the association will be interested to know the identity of these projects and the location across the country so that we can see how the association can work with these projects that have correlation and benefit to the poultry industry in Nigeria."

PAN said that the poultry industry uptakes about 40 percent of maize and 60 percent of soybeans produced in the country, adding that: "We are also the major off-takers of rice bran, wheat offal, groundnut cake, and others, and with our continued determination to create awareness and increase the per capita consumption of poultry products by Nigerians by 50 percent, we are set to create a new revolution in the entire agricultural value chains in Nigeria.


TRENDING

OPINION / BLOG / INTERVIEW

Post-COVID-19 Nigeria needs a robust Health Management Information System to handle high disease burden

Nigeria is among a few countries that conceptualised a health management information system HMIS in the early 90s but implementation has been a challenge till date. Besides COVID-19, the country has a huge burden of communicable and non-com...

Morocco COVID-19 response: A fragile health system and the deteriorating situation

Learning from its European neighbors, Morocco imposed drastic measures from the initial stages of the COVID-19 outbreak to try to contain its spread. The strategy worked for a few months but the cases have surged after mid-June. In this sit...

COVID-19: Argentina’s health system inefficiencies exaggerate flaws of health information system

You can recover from a drop in the GDP, but you cant recover from death, was the straightforward mindset of Argentinas President Alberto Fernndez and defined the countrys response to COVID-19. The South American nation imposed a strict...

Rwanda’s COVID-19 response commendable but health information system needs improvement

Rwanda is consistently working to improve its health information system from many years. However, it is primarily dependent on the collection and reporting of health data on a monthly basis. Besides, evaluation studies on Rwandas HIS publis...

Videos

Latest News

‘Reverse course’ towards full nuclear disarmament – UN chief

Almost 75 years since the adoption of the first General Assembly resolution in 1946, which committed the UN to the goal of ridding the planet of nuclear weapons, the world continues to live in the shadow of nuclear catastrophe, Secretary-...

House stocked with items used for crackers' manufacturing explodes in UP, one dead

One person was killed after an explosion took place here in a house stocked with items used to manufacture crackers on Saturday morning. Some of the nearby houses have also been damaged in the incident.Moreover, an FIR has been registered i...

Panama Canal Authority says it has won $265 mln arbitration case

The Panama Canal Authority said it won an arbitration ruling on Friday for 265 million to be returned to it from the consortium that built a third set of locks for the key transoceanic waterway. The authority cited a decision from a Miami-b...

Astronomers determine how disk galaxies evolve so smoothly

Computer simulations are showing astrophysicists how massive clumps of gas within galaxies scatter some stars from their orbits, eventually creating the smooth, exponential fade in the brightness of many galaxy disks. Researchers from Iowa ...

Give Feedback