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CBN’s cash crunch: PLSG promises to mop eggs




To save poultry farmers businesses from collapsing, Plateau State government has promised to support poultry farmers affected by Central Bank of Nigeria’s (CBN) Naira redesign policy and cash crunch.

The government disclosed this in a statement on March 15, 2023, and noted with concern that there is a significant glut of eggs in the state which is affecting most families particularly poultry farmers.

THE NIGERIA STANDARD newspapers reports that recent CBN Naira re-design policy has caused scarcity of cash making many businesses to suffer.

The Secretary to the Government of the State, Prof. Danladi Abok Atu in the statement assured that government is aware that the egg business is a thriving enterprise in the state and a source of income for sustaining a large number of families.

“Government will do its best to address the situation”, Atu assured.

“Consequently, the Executive Governor, Simon Bako Lalong has directed that such excess eggs be immediately mopped up and distributed to orphanages, prisons, schools and hospitals.

“Accordingly, the Commissioner of Agriculture and Natural Resources has been mandated to liaise with officials of the Poultry Farmers Association and relevant bodies to work out modalities for implementing the policy with immediate effect in order to save the industry from further decline.

“Members of the public and relevant organisations are urged to cooperate with the government and its relevant agencies towards implementing this policy”, said the statement.



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