Coherent Identifier About this item: 20.500.12592/1pnbdt

commercial-poultry-success-stories-in-nigeria-drivers-challenges-and-lessons-download

4 July 2022

Summary

The lessons learned included: the size of the domestic market, demand growth (both increased population as well as growing per capita incomes), and the growth of the urban middle class were deemed to affect the profitability of poultry business investments in egg production and poultry meat production; the expansion of the fast-food chain and the rise of supermarkets affected poultry investments a. [...] (2021); Akpa (2017), and Akinola (2014), the challenges of commercial poultry (CP) production include: the high capital-intensive nature of the business, the perceived high-risk nature of the business by the banks which is reflected in the high-interest rate of about 2-digits that they charge the investors, inadequate technical know-how on industrial poultry management and the relative scarcity an. [...] It is the combination of the level of technology deployed, the types of enterprise combination and the market reach that predict the rate of increase of the capital base, of turnover and of the level of profit or success of the business. [...] Social-Cultural Factors The level of education attained, the religion adopted, the years of experience and the health status of the poultry business promoter is important in relation to the adoption of innovation. [...] The use of cutting-edge technology provided the poultry farms some advantages of automation which include the reduction in the cost of labour and the challenges of managing labour.

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