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November 30, 2023
Published
July 2, 2024
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Abstract

This study examines the effects of the 2023 cash crunch on the poultry egg industry in Ogun State, Nigeria. Data from 64 poultry egg farmers were collected and analyzed via structured e-questionnaires. Results show 83% of respondents were small-medium scale farmers and 73% used commercial feeds. Total egg production before (12,210 crates) and during the cash crunch (12,391 crates) did not significantly differ. Average feed cost per bag was ₦7,097 before and ₦7,151 during the crunch. However, average sales of 2,213,867 crates before and 199,437 crates during the cash crunch differed. A 36% cumulative decrease in egg price from ₦2,472 (December 2022) to ₦1,587 (March 2023) led to an 83% drop in daily farm revenue. The price fall did not boost egg demand. Coping strategies included increased delivery to customers (18%), gifting eggs (56%), and selling poultry birds (25%). The study recommends government grants and review of loan tenure for farmers while encouraging collaborative egg processing efforts. Additionally, it underscores the need for animal science research to explore methods for temporarily halting egg laying during economic challenges.

Keywords

Poultry egg industry cash crunch egg glut Nigeria

Article Details

Author Biographies

Adetutu O. Habib, Babcock University, Nigeria

Adetutu Habib is a grant writer and assistant lecturer at Research, Innovation, and International Cooperation, Babcock University, Nigeria. Her research interests include human resource economics, food economics, and economic policy.

Grace O. Tayo, Babcock University, Nigeria

Grace Tayo is a professor at the Department of Agriculture and Industrial Technology at Babcock University, Nigeria. She has over 20 years of teaching experience. Her research interests include animal science and environmental science.

Chinedu P. Anokwuru, Babcock University, Nigeria

Anokwuru Chinedu is a Senior Lecturer at the Department of Basic Sciences at Babcock University, Nigeria. His research interests include medicinal chemistry, metabolomics, and quality control.

Kolawole O. Ayodele , Babcock University, Nigeria

Ayodele Kolawole is an Associate Professor at the Department of Education, Babcock University, Nigeria. His research interests are adolescents’ wellbeing, sexuality, and inter/intra-personal relationships.

Mojisola M. Obadimeji, Babcock University, Nigeria

Obadimeji Mojisola is a Grant writer/Assistant lecturer in Research, Innovation, and International Cooperation at Babcock University, Nigeria. Her research interests are maternal and child health.

How to Cite
Habib, A. O., Tayo, G. O., Anokwuru, C. P., Ayodele, K. O., & Obadimeji, M. M. (2024). Examining the Effect of 2023 Cash Crunch on the Poultry Egg Industry in Ogun State, Nigeria. Pan-African Journal of Education and Social Sciences, 5(1), 133–143. https://doi.org/10.56893/pajes2024v05i01.11
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