New Livestock Initiative Poised to Create 350,000 Jobs, Says ACCI President

Dr. Akajiugo Emeka Obegolu SAN, who leads the Abuja Chamber Of Commerce And Industry (ACCI), has indicated that a proposed strategic plan for the livestock sector is projected to create nearly 350,000 employment opportunities within the first two years of its implementation.

During an interview on Trust TV, Dr. Obegolu elaborated that the comprehensive plan involves the establishment of a national fund, to be known as the Livestock Development Fund. This fund aims to facilitate easier access to capital for farmers and other stakeholders involved at various stages of the livestock value chain, thereby fostering sector development.

He conveyed gratitude to the administration of President Bola Ahmed Tinubu for its decision to separate the livestock sector from the Ministry of Agriculture and to establish a dedicated Ministry of Livestock Development.

"This move represents a significant step forward, ensuring that focused attention can be directed towards advancing Nigeria's livestock industry. The primary objective is to cultivate an environment conducive to private sector investment," Dr. Obegolu stated.

He further emphasized, "The government's role should not be to spearhead the sector's development, but rather to establish the necessary framework and policies that encourage private sector investment. They should provide the overall direction, and then the private sector will step in."

The ACCI President expressed confidence that the private sector is now prepared and eager to collaborate with the public sector to drive growth in the livestock industry.

He noted, "This sector represents a substantial N33 trillion economy waiting to be harnessed. Our discussions with the government began by examining grazing practices, with the aim of establishing grazing reserves and reducing open grazing. This would allow livestock to be kept in designated feedlots, optimizing their performance in terms of both beef and milk production."

"Subsequently, we focused on the scientific aspects of livestock development, including genetics, artificial insemination, and veterinary services. Finally, we addressed processing, such as meat processing and cold chain logistics. As the Honourable Minister for Livestock Development highlighted at a recent summit, there is no justification for cattle to travel long distances from northern regions like Katsina and Yola to southern areas such as Owerri or Bayelsa."

"Throughout such journeys, the animals are not adequately cared for, leading to weight loss, which is detrimental. Therefore, we are looking at investing in processing plants to enable us to move processed meat in cold chains to the south, rather than relying on animal trekking. The entire ecosystem and value chain within the livestock sector are vast, encompassing everything from leather for footwear to milk and eggs for school children, among numerous other possibilities."