📰 *VD5*: *‘70% of frozen chicken consumed in Nigeria is smuggled’*

📰 *VD5*: *‘70% of frozen chicken consumed in Nigeria is smuggled’* The Data Analyst and Farmer Satisfaction Representative, Amo Group of Companies, Mr. Alaba Yunusa, has said that 70 per cent of the chicken consumed in Nigeria is imported. Yunusa pointed out that there was a huge market for chicken production and supply in the country with smuggled chicken taking a huge deficit of 70 per cent while only 30 per cent was locally produced. He explained that there was massive opportunity for profitability in poultry farming under natnuPreneur. “Approximately 1.22 billion birds are consumed yearly in Nigeria. Our assumption is that if 10 per cent of the 170 million Nigerian population consume six packs of chicken a month, a total of 1.22 billion pieces of chicken would have been consumed in 12 months,” a statement on Wednesday quoted him as saying. Yunusa said that from a retail perspective, a piece of chicken’s average sales price was N1,000, adding that when this was multiplied by 1.22 billion, it would amount to about N1.22bn.