BRIGHT PROSPECTS FOR NIGERIA'S ANIMAL FEED MARKET

摘要

Nigeria's population is projected to hit 400 million people by 2050, from the current 190 million. This is likely to create huge demand for livestock and livestock products, opening up opportunity for growth of the country's $12 billion animal feed market. The potential for an expanded animal feed sector in Nigeria is huge, underpinned by the current high livestock numbers now estimated at 10 million birds, 22 million cattle, 40 million sheep and 50 million goats. And. in the last few months, the Federal Government has been preparing ground for increasing the quantity and quality of animal feed production and distribution within Nigeria through several mechanisms, including providing clarity and certainty of the industry's regulatory framework.