Relief may be on the way for Lagosians as the Poultry Association of Nigeria, Lagos State chapter, has projected a significant drop in egg prices. This optimistic forecast follows the state government’s sustained implementation of the N500 million farmers’ feed subsidy.
According to the association, the subsidy has eased the cost of poultry feed, a major factor in egg production expenses. With this intervention, farmers are expected to boost production, leading to increased supply and lower prices in the market.
“This initiative is a game-changer for poultry farmers and consumers alike,” said a spokesperson for the association. “We anticipate a notable reduction in egg prices, making protein more affordable for households across the state.”
The Lagos State Government launched the subsidy program to cushion the impact of rising production costs and ensure food security. Industry stakeholders have lauded the move, urging continued support to stabilize the poultry sector.
Consumers are hopeful that the projected price drop will reflect soon in local markets, bringing much-needed relief amid economic challenges.
About The Author
