UNILORIN has received N600 million from the Central Bank of Nigeria to establish a poultry farm.
The Central Bank of Nigeria has approved a loan of N600 million to the University of Ilorin (UNILORIN) for the establishment of a commercial poultry farm to increase the production of eggs and chicken.
Professor Mikhail Buhari, the university’s Deputy Vice-Chancellor for Research, Technology, and Innovation, made the announcement on Monday, February 28 while speaking with press, stating that the university was the only institution to get the extremely competitive loan.
According to the vice chancellor, the GG poultry farm, which will be located at Amoyo in the Ifelodun Local Government Area when it is fully operational, will be critical in the revitalization of the poultry sub-sector by reducing the reliance on imported eggs and other poultry products and closing the supply gap in the country’s poultry market.
He explained that the university received the loan as a result of the outstanding proposal it submitted, which was judged to be the best of the presentations made by competing universities. The farm is expected to produce 5,000 broilers per week and raise 9,000 day-old broilers per week, according to the university.
As stated by him, the project’s goal is to instill a sense of entrepreneurial spirit in children while simultaneously creating job prospects for them.
