How To Run A Profitable Poultry Business In Harsh Nigerian Economy
Channel: Plus TV Africa
Date: 23/02/2024

Globally in 2022, the Americas took the lead for chicken meat production at 40.1 percent with Africa coming fourth at 6.3 percent.

We find a similar dynamic repeated for eggs when it comes to Africa’s performance with Asia alone accounting for over 64 percent of global egg production and Africa coming fourth at 5 percent.

ROLL GFX: When we drill deeper into Africa’s data, we will find an interesting twist. While Nigeria accounts for 5 percent of the chicken meat produced (South Africa comes first at 29 percent), the country is the clear leader for egg production in Africa accounting for 22 percent of eggs produced in the continent.

Several opportunities exist for investment in Nigeria's Poultry sector in 2024. The sector has been witnessing gradual growth towards the end of 2023 after the various challenges experienced in 2023 that led to massive exits from the market within the year.
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