By MERCY OMOIKE

The Poultry Association of Nigeria (PAN), Lagos State chapter, says its egg powder factory in Epe will begin operations before the end of the year.

The PAN Chairman Lagos State, Mr. Mojeed Iyiola, disclosed this in an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos.

Iyiola said the association was perfecting plans to ensure that its egg powder factory begins operations before the fourth quarter of the year to forestall further losses in the poultry sector due to egg glut.

NAN reports that ?egg glut? refers to a situation where the supply of eggs in the market exceeds the demand, leading to a surplus. This can result in a fall in egg prices and potentially negative consequences for poultry farmers.

?This season, we want to tap into technology to boost the growth of poultry sector?s value-chain.

?Before the last quarter of 2025, we hope to get the Egg Powder Factory at Igbodo in Epe in operation to reduce the egg glut we are currently experiencing.

?We are experiencing egg glut in the sector presently because of the low purchasing power of consumers.

?We have had some interventions from government in terms of feed, but we are still sensitising our farmers to put a slight drop in the prices of eggs,? Iyiola said.

The chairman who observed that the price of the produce had been quite stable for a while said the egg powder factory would help to cut further losses in the sector.

?Currently, a crate of egg from the farm gate sells at N5,000, the price has been stable for a while now and we want people to enjoy the price stability.

?So, we want to put the egg powder factory into use before the end of this year as this will completely eradicate the issue of egg loss.

?We believe with egg powder factory in operation, the poultry sector will start flourishing.

?We are glad that local poultry farms are no longer closing up as they did last year,? the chairman said. (NAN)

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