The National Agricultural Land Development Authority has inaugurated a new farm estate in Yobe, stating that the estate would generate N1.1m daily from egg sales with farmers getting N400m annually.

The President of the Senate, Ahmed Lawan, supervised the inauguration.

This was disclosed in a press statement titled, ‘NALDA commissions 30,000 birds capacity integrated farm estate in Yobe,’ by NALDA’s Secretary, Paul Ikonne, on Sunday in Abuja.

The press statement read, “The farm estate, which houses 10 poultry pens that contain 30,000 birds and an incubation centre, is sitting on 20 hectares of land, and is expected to produce about 250,000 noilers annually for sales.”

It added, “The farm estate is also expected to generate N8.160m monthly from sales of day-old chicks alone.”

The farm estate is situated at Gasamu, Jakusko Local Government Area of Yobe State with 30 young people employed to manage the birds.

The statement said, “The centre is like a reproduction centre that will be producing our locally improved birds that will be distributed across the country in order to encourage our local breeds and maintain our old stocks.

“This farm has a capacity of generating 850 crates of eggs daily and generating N1.1m daily from the sales of the eggs only.

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“And these eggs will also be incubated as we have an incubation centre in order to produce day-old chicks that will be sent to other poultry houses across the country. Annually, we are expecting to have not less than N400m generated from this farm.”

On the sustainability of the farm estate, Ikonne disclosed that Prime Farm would manage the farm estate, while Jaiz Bank and other banks would be its financial partners.

“The firm that will manage this farm (Prime Farm) are already on ground, and we work with Jaiz bank and other banks as our bankers in order to make sure that this project is sustained,” he said.

Meanwhile, the Senate President appealed to NALDA to increase the production capacity of the poultry from 250,000 chicks.

“I want to appeal to NALDA that we want the capacity to grow beyond 250,000 chicks per annum because our people will exhaust the 250,000 chicks and they will need more,” he said.