The Poultry Association of Nigeria (PAN), Lagos State chapter, has projected a significant drop in egg prices following the implementation of the Lagos State Farmers’ Feed Subsidy Programme. The initiative, which provides a 25% subsidy on poultry and fish feeds, is expected to ease production costs and stabilize the market.
Speaking in an interview with the News Agency of Nigeria (NAN) on Tuesday, Mr. Mojeed Iyiola, Chairman of PAN Lagos, commended the state government’s intervention, emphasizing its potential to revitalize the poultry industry.
The N500 million Ounje Eko Farmers Subsidy Programme (Ounje Eko FSP), launched by the Lagos State Government, aims to boost local agricultural production and enhance food security. The subsidy, which kicked off on February 5, will be distributed every Wednesday throughout February.
Currently, a crate of eggs sells between ₦5,000 and ₦6,000, depending on size—a stark contrast to the ₦2,800 to ₦3,000 price range in early 2024. Poultry farmers believe that with consistent support, prices will become more affordable.
“The future looks bright for poultry farmers. We are indeed happy and grateful to the Lagos State Government for this intervention,” Iyiola stated, urging the government to extend the subsidy beyond the initial four-week test run.
With rising concerns over food inflation, this initiative could alleviate production costs, increase supply, and bring much-needed relief to consumers. If sustained, Lagos may witness a resurgence in its poultry sector, stabilizing egg prices and strengthening the local food system.
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