The Nigerian government under the dispensation of President Muhammadu Buhari launched the National Egg Production (NEGPRO) Scheme on 12th January, 2018.
The scheme was today flagged by Hon. Minister of Agriculture Chief Audu Ogbeh and hosted by the Executive Governor of Ondo State .
The scheme will assist poultry farmers to borrow a loan of up to N4.2 million loan for egg production.
The scheme is to begin in six pilot states: Ondo, Cross River, Kogi, Kebbi, Abia and Bauchi.
Nigerian Poultry farmers must meet with the following conditions to benefit from the scheme:
– The loan will be N4.2 million (in cash and farm inputs). It will be charged at 9% and be for 30 months.
– Each beneficiary must have a farm that can accommodate 2,000 pullets. Farm must be accessible. Poultry owner must have basic knowledge of poultry farming. Be a member of the Poultry Association of Nigeria (PAN).
– Assessment visits to the farms of applicants will be made by the technical committee.
– Scheme aims to create one million jobs and produce 50 million eggs daily by 2018.
– Other aims are to eradicate hunger, alleviate poverty and generate employment.
The minister stated that the target of the scheme is to achieve a daily production of 50 million eggs over the next five years for local consumption, export and processing into egg powder for use in confectioneries and pharmaceuticals.
The loan which will be provided by CBN will be disbursed by the Bank of Agriculture, at a single digit interest rate of 9% and would be piloted in six states, namely: Abia, Bachi, Cross River, Ondo, Kebbi and Kogi.
The Scheme will provide Job creation through agriculture, entrepreneurship and industrialization. It will also develop the promotion of functional education and technological growth with the provision of accessible and qualitative health care and social service delivery.
The anchor person for the program, Mr Tunde Badmus (Tuns Farm) also commended the government for the support given to Nigerian poultry farmers.
The executives of Poultry Association of Nigeria from Lagos, Osun, Ekiti, and Ondo states were present in the programme.