Here in this post, we are going to give you a detailed analysis of the steps to start layers poultry in Nigeria. We hope this information is found useful.
If you are looking for a lucrative business to start in Nigeria, you can think of layers poultry. Owning a poultry farm in Nigeria is great for the environment.
Research has shown that chicken is good for the consumer and the economy. It will help boost agriculture in Nigeria, which is largely dependent on oil.
Anybody can start a poultry farming in Nigeria. It is highly profitable and the market for the poultry product is available. The possibility of making a huge profit here is high.
Nigeria population is on the increase, and the population will depend on the poultry as a source of meat and protein.
How lucrative is a poultry business in Nigeria?
Before you start this form of business, the first question to ask yourself is how lucrative is the business. It is highly lucrative because the market is already thriving.
Before any business can be profitable, there must be a market for that. The poultry industry has a large market. Any investor can simply tap on the existing market and make a tremendous profit.
If you borrow from the bank or lenders to start the business, you cannot be a loser, because of the potentials of making it always there. You can start slowly and expand steadily in the business.
Even if you do not have the huge capital to start, you do need to break the bank to get started. Since consumers are never lacking for the product, the chances of making huge profits are always there.
However, before you start this business you have to plan for it.
Read more on: How profitable is poultry farming in Nigeria
What type of poultry to start?
Many people always assume that poultry business is synonymous with chicken rearing. Poultry business is much more than chicken; it includes such other birds like turkeys, geese, ducks, and so on.
For a start, you have to make a decision about what kind of bird to invest in. It appears that chicken is the largest in the market because they are more affordable. This does not mean that other birds are not lucrative.
Raising the capital for the business
Before you start a poultry business, you must carry out a feasibility study to understudy the likely challenges you can face when you start. This business is capital intensive.
Apart from raising the initial capital to start the business, you must prepare the ground for the poultry business; you need to be feeding the animals.
There is a need for vaccination and feeding. Most of the money will go into feeding. If the animal is not well fed, the growth could be stunted.
You must prepare a place to keep the birds when you get them. If you have an existing property for the business, it is pretty easier to get started, but where you do not have one, source resources for it.
Housing the birds demand different degrees of financial commitment. However, it all depends on what you want.
Plan the business very well
It is recommended that you start small and expand with time. This is very important for first-time investors. You should always consider organic growth.
It will enable you to organize resources as the business grows. Studies had shown that large poultry business that often starts as small scale is easier to manage. The reason for this is simple; its owners have understood that business very well.
Poultry demands constant care
If you must be successful in this kind of business, ensure that you are not cash strapped. The major reason poultry farmers fail in this country is the issue of cash.
Ensure that you have enough resources that can take care of the number of birds you have. In the past farmers want to maximize profits without deploying the necessary resources.
They keep more birds than they can afford. Ensure that you have the resources to cater for the number of birds you have.
The consequence of this is that the birds are underfed and they fail to measure up to the required weight.
Death rate can be high
You must be prepared for possible losses. Because of financial constraints, poultry farmers in Nigeria do not have the solution for the high mortality rate casualty.
If you do not have the requisite capital to care for your birds, you should be prepared for high mortality. Ensure that the ideal conditions for your birds to thrive are always there. You do not do anything that makes you lose all your investments. Do not be over-ambitious.
Before you start, ask yourself how much funding does it require, and have a plan for providing the required resources.
Location for the business is equally important. Before you start, think of a good location for that business to thrive.
There are certain factors to consider in the order you select a location for the business. Consider water availability in choosing a location. Your bird requires clean water. You must, therefore, ensure that you locate the business where clean water is readily available.
Moreover, you should locate your poultry close to where you reside. You need to monitor it constantly and if it is away from you, it will not be easy for you to monitor it. If you have the resources, you can hire staff to take care of your birds. This option may not be possible for beginners. Because of that, locate it where you can easily access the birds.
Choose the correct breed
There are different chicken species on the market. You must research the market with the aim of selecting the right breed. Do not breed substandard or deformed birds.
Evaluate different species and consider those that can do well in your environment. Select those you can take care of easily. In choosing a hatchery for the chicken, you must be careful.
Discuss with other farmers and find out how to select healthy breeds. Choose those that are healthy and reliable. You can discuss with your vet doctor to guide you to the best breed to choose. You can discuss the issue of vaccination with your doctor.
Most importantly, you must consider the necessary equipment you require for your birds. Different breeds require different kinds of equipment. Always consider the type of equipment you have in your mind before you make your choice of birds.
If you do your research and planning very well, you will see that the poultry business is lucrative. Ensure that you get the right information and apply it. When you do this, you will have value for your investment, because of the high ROI.Buy and Sell Bitcoin in Nigeria - Register for free on Luno
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