The Minister of Agriculture and Rural Development, Audu Ogbe, has announced the launch of the National Egg Production Scheme. The purpose of the scheme is to produce 50 million Eggs over the next five years for local consumption, export and processing into egg powder for use in confectioneries and pharmaceuticals.
Ogbeh explained that if the loan is approved by the CBN; each farmer would get N4.2million with repayment spread over 30 months, each farmer would be self-reliant with physical assets worth over N2.8million and cash assets of N1.68million.
The program would also develop local capacity for the processing of a minimum of 75 percent of table eggs and produced shelf table egg based products such as egg powder.
The Chairman of Tuns farm; Tunde Badmus who anchored the programme, commended the government for the support given to poultry farmers, saying it was the first time they were getting such support from the government.
The project will officially flag off nationwide on Friday, January 12, and would help conserve foreign exchange through the provision of egg processing machine that will turn eggs into powder.
He said: “the secondary aspect of the production is the processing which is capable of crushing 200,000 eggs per hour. The factory is expected to take off in June this year, because it is expected that the eggs would start coming out from that period.”
He disclosed that they are in talks with the Nigerian Railway Corporation, to provide a railway coach that would be specifically designed to convey eggs from different parts of the country to the processing plants.
