The Central Bank of Nigeria,CBN,has given University of Ilorin (UNILORIN) N600 million loan to establish a commercial poultry farm to boost eggs and chicken production.
Deputy Vice-Chancellor Research, Technology and Innovation of the institution, Prof. Mikhail Buhari,who disclosed this at a press conference,said UNILORIN was the only institution that got the highly competitive loan, affirming that when established, the GG Max Poultry Farms would play a key role in the agro-based business toward the revival of the poultry sub-sector.
He said the project will reduce importation and close the existing demand and supply gap of eggs and allied poultry products.
According to him, the university got the loan based on the brilliant proposal it submitted which was rated as the best of presentations made by competing universities.
“The university would be running the farm with the support of an external consultant,’’ Buhari said, adding that the farm was situated at Amoyo in the Ifelodun Local Government Area of Kwara State.
He restated that when operational, the farm would produce 5,000 broilers per week and raise 9,000 day-old broilers weekly.
He added that it would maintain a layers’ population of 16,000 which translates to 3,679,200 eggs per year.
He explained that the project is targeted at building the spirit of entrepreneurial skills among students as it would also generate employment opportunities.
