In this article, you will learn how to start and draw a poultry farming business plan in Nigeria.
Mans basic needs are shelter, clothing, and food. And starting a poultry business is a good way to take care of one of the basic need; which is food.
You don’t have to ask if poultry farming is a profitable business or not as most Nigerians depends on agricultural products for their daily nutrition. Therefore poultry farming is a very profitable business idea in Nigeria.
Type “poultry farming” on youtube and you will see how profitable it is to owning poultry farming in Nigeria or any other part of the world.
What is Poultry Farming
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Poultry farming is the process of raising domestic birds, such as chicken, peacock, quail, turkey, geese, pigeon and guinea fowl for the purpose of their meats or eggs. Poultry farming is easy to produce and have a high meat to carcass ratio compared to other farm animals. Hence, they are excellent products for meeting the protein needs of Nigerians.
What are the advantages of poultry farming?
Poultry farming has several advantages, like employment benefits. It also puts food on your table; either by killing the poultry products or by using the income you made from doing poultry business to buy food.
Below are other advantages of poultry farming
- It is a good source of agricultural income
- Large commercial poultry farmers can create great employment opportunities for several individuals looking for jobs.
- Poultry farming in Nigeria is a lucrative business opportunity that can give you financial security.
- It is a good business idea with a good Return on Investment (ROI) compare with other business Ideas in Nigeria.
How to start a poultry farm in Nigeria?
Setting up a poultry farm is not as hard as most people think it is. You can learn how poultry farming is done here
Is Poultry farming profitable?
Several people are asking this question. From my own experience I will say poultry farming is a very lucrative business; if the mortality rates of the birds are well managed. Also how much profit you can make from poultry farming is dependent on your marketing abilities and how much you are willing to invest. So, you can make good profit from owning a poultry farm, because, there is high demand for poultry eggs and meat in Nigeria by eateries, restaurants, bars, hotels, cosmetic firms, etc.
Types of poultry farming
There are several types of poultry birds you can raise as a poultry farmer which are:
- Guinea fowl
But in Nigeria, most farmers love the chicken poultry farming business, as a result of high demand for the eggs and meats of chickens by eateries, restaurants, bars, hotels and cosmetic firms.
Poultry Farming Business Plan & Cost Implication
I will speak on the market analysis and marketing strategies for new poultry farmers; afterward, I will do a poultry farming business plan for 500 birds (Broilers), and the cost of starting it. So, if you want to start bigger or smaller just do small math.
Market Analysis For Poultry Farming
With the growing estimated population of over 190 million people in Nigeria, farming is vital for sustaining the populace. People depend on agricultural products for their daily nutrition.
Furthermore, some beauty and cosmetic firms use poultry products (egg) for making their products. So, by venturing into poultry farming these firms can become your potential client.
Lastly, there are several occasions in Nigeria such as birthdays, dinner party, thanksgivings, religious festivals, etc., and the people organizing or making products like cakes, BBQ, grilled chickens, peppered chickens, etc., can patronize your products (eggs or meat).
Marketing Strategy For Poultry Farming in Nigeria
There are several marketing strategies a poultry farmer can employ such as printing fliers, handbills or business cards, etc. You can walk to any eatery, restaurants or company that might be interested in your products and negotiate with them. Printing banners and hanging them in your business premises or in targeted areas is a good way to promote your business.
Poultry farming Business Plan and Cost Implication
Although, there are three popular breeds of poultry birds in Nigeria such as cockerel, broiler, and layers. However, several farmers in Nigeria are found of raising Broilers
As far as commercial meat production is concerned broiler is the most purchased breed of poultry (chicken) by poultry farmers. Because:
- it is less expensive to set-up compared to the layers.
- grows faster and can reach maturity after 7 weeks
- they are also in high demand by eateries, restaurants, and hotels in Nigeria.
Also, Broilers has a mortality rate of 5 – 10%; if well managed.
Credit Source: Pexel
Cost For Raising 500 broiler birds.
Except in the festive periods where the price of buying a day old chick (DOC) can rise as high as ₦400; it is usually sold for ₦250 in my community, however, this may vary in other communities.
DOC 500 @250 = ₦125000
50 bags of feeds (50kg) @ ₦9000 = ₦450000
Drugs and Vaccines = ₦16000
If well-fed, a broiler can weigh 2kg after 7 weeks: Let’s assume we lost 10% of the broilers, we have 450 left.
A Kilogram of broiler is purchased for ₦1000 in my community.
If we calculate: 1 broiler = 2kg after 7 weeks; likewise, 450 broilers = 900kg after 7 weeks.
900kg × ₦1000 = ₦900000
Profit = Income – Expenses
₦900000 – 591000 = ₦309000
In summary, after building your poultry farmhouse, done the electrical installation and bought all other necessary equipment like feeders, drinkers, etc. you can make a whopping ₦309000 as profit every 2 months from raising 500 poultry birds with 10% mortality rate.