Osun Poultry Farmers Gross N260m Profit

Poultry farmers in Osun State have made about N260 million profit in the last one year.
Speaking with reporters in Osogbo, the state capital, the Chairman, Tuns Farms Ltd, Alhaji Kahmis Olatunde Badmus, said farmers recorded the feat through the Osun Broiler Outgrower Production Scheme set up by the Governor RaufAregbesola administration.
Badmus said no agricultural project in the country has ever had such a record of success.
He said the scheme was a tripartite partnership project among Osun State government, Tuns Farms Nigeria Limited and the Poultry Association of Nigeria.
He said the state government invested N300 million in the project to provide feeds for day old chicks (DOC) which he declared that Tuns Farms supplied the participating poultry farmers in the scheme.
According to him, the participating poultry farmers raised the birds in their facilities before selling them to Tuns Farms. Badmus said the poultry farmers who participated in the scheme have repaid over N170 million out of the N300 million loans offered advanced to them by the state government.
He said: “No agaricultural project in the country can match the Osun Broiler Outgrower Production Scheme. The farmers that participated have made profit of over N260 million. Individual farmer in the scheme made profit in the range of N15 million. The state government has not lost anything. The government even gained because the farmers are paying N1 million every month which is going into the state coffers through Internally Generated Revenue.”
Badmus, who said the scheme has boosted the production of broiler meat in Osun State, noted that the state was the second largest producer of broiler meat in the country.
He said the chicken produced in Osun State goes to organisations such as Kentucky Fried Chicken (KFC), oil industries, Shoprites among others.
He also added that Tuns Farms invested N8 billion in its poultry plant in Osogbo for broiler meat production.
He said: “Our plant here and that of Zartech Limited in Ibadan are the only two poultry plants internationally certified fit to sell to KFC which is number one restaurant in the whole world. We also supply chicken to Shoprite outlets all over Nigeria and the oil industries.
“We are buying back from the farmers because we had guaranteed the state government that we would secure standby market for the farmers.
THE NATION