The Feed Millers Industry Practitioners Association of Nigeria (FIPAN) has assured Nigerians that egg prices will soon drop as the cost of poultry feed continues to decline.
National President of FIPAN, Dr. Ayoola Oduntan, attributed the development to the Federal Government’s agricultural policies, which he said were beginning to yield results.
“Agriculture takes time to impact the market, but the effects are now being felt. Some sellers stocked goods when prices were high, but as feed costs decline, the price of chicken is also falling. It is only a matter of time before eggs become more affordable,” Oduntan said.
He urged President Bola Tinubu to review tariffs on essential imports in the livestock sector, warning that high duties and value-added tax (VAT) on imported feed additives and raw materials were increasing production costs. He also called for more support for maize, soya, and groundnut farmers, as well as research funding to promote local raw material use.
Oduntan highlighted double taxation, airport delays, and bureaucratic bottlenecks as major hurdles affecting the industry. Without reforms, he warned, livestock farmers would continue to struggle with high feed costs, leading to job losses, reduced protein supply, and increased reliance on expensive food imports.
Despite these challenges, he praised the government for its policies that have helped stabilize feed prices. These include improvements in security, the ban on maize and soya exports, and the creation of the Ministry of Livestock Development. He also commended the recapitalization of the Bank of Agriculture, which he said had strengthened the agricultural value chain.
To sustain this progress, FIPAN recommended partnerships with agricultural agencies to implement contract farming for feed-grade maize, reducing competition with human consumption.
