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Business News of Tuesday, 26 April 2022

Source: thenationonlineng.net

Fed Govt to tackle high cost of animal feeds

Federal Government Federal Government

The Federal Government has said it is determined to tackle the escalating cost of animal feeds.

This, it said, would be encouraged with the utilisation of low grade grains and climate smart animal feed production.

Permanent Secretary in the Federal Ministry of Agriculture and Rural Development Dr. Ernest Umakhihe said this at the capacity building and animal feeds distribution programme organised by the ministry’s Department of Animal Husbandry Services in Abuja.

Umakhihe, who was represented at the event by the Director of Special Duties in the in ministry Mrs. Fawsat Lawal said the high cost of animal feeds had forced many feed millers and livestock farmers out of business.

The permanent secretary, who noted that the livestock’s contribution goes beyond meat, milk and eggs, said the subsector supports over one billion persons globally, accounting for over 40 per cent of global agricultural gross domestic product (GDP), and provides over 35 per cent of the world’s protein intake.

Director of Animal Husbandry Services Mrs Winnie Lai-Solarin said the programme is nationwide meant to assist livestock farmers to improve their livelihood and achieve feed and food security.

Mrs. Lai-Solarin noted that there is low production capacity of most feed mills due to scarcity and high cost of feed ingredients.

She explained that many farmers have been thrown out of business and some involved in sharp practices that undermine the effectiveness of their activities on the environment.

According to her, “feed constitutes about 70 per cent of the cost of livestock production, therefore, subsidising the cost of feed production will not only increase their profit, but also sustain their interest.

“The training of farmers on feed formulation and utilisation of alternative feed ingredients is essential in reducing the rate of competition between man and animal for conventional feed ingredients.”

She noted that the training is intended to acquaint participants with the relevant knowledge that will uplift their business as feed miller’s and livestock farmers.