In a stark warning that signals a looming crisis for Nigerian households and businesses, the Poultry Association of Nigeria (PAN) has raised the alarm over the soaring cost of eggs. Taking to its official X handle, the popular news platform Nigerian Stories shared a statement from PAN, revealing that the price of a crate of eggs could soon escalate from the current N5,500 to an astonishing N10,000 if swift action is not taken.
The warning stems from the increasingly dire conditions faced by poultry farmers across the country. Rising production costs, driven by the surging prices of feed, transportation, and energy, have created a perfect storm that threatens to cripple the poultry sector, one of Nigeria’s most essential agricultural industries. According to PAN, the industry is on the brink of collapse without substantial government intervention or policy reforms.
“Without immediate support, the poultry industry will face a devastating collapse, and Nigerians will bear the brunt of it in the form of exorbitant food prices,” PAN warned in a statement.
The association is urging the federal government to provide subsidies, grants, and other forms of assistance to farmers, stressing that their survival is critical to ensuring the affordability and availability of eggs, a vital protein source for millions of Nigerians.
The potential hike in egg prices could worsen the already growing food inflation in the country, putting further strain on household budgets. If left unaddressed, this development could also have a ripple effect on related industries, including bakeries, restaurants, and other businesses that rely heavily on eggs for production.
With the cost of living already at record highs, the news of egg prices potentially doubling is a dire warning for the Nigerian economy and its citizens. As the crisis unfolds, all eyes will be on the government and relevant stakeholders to see if they will step in to avert what could be a catastrophic blow to the nation’s food security.
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