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Farmers To Earn N350,000 Per Cow Under Livestock Dev’t Plan

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Farmers are to earn N350,000 per cow under the new livestock development plan, ElombahNews has gathered.

Two weeks ago, the National Economic Council (NEC) approved a 10-year National Livestock Transformation Plan (NLTP) expected to gulp N91 billion.

Necessitated by the bloodbath that characterized the sub-sector as a result of crisis between the crop farmers and pastoralists, the plan is a product of collaborations between the Federal Ministries of Agriculture and Rural Development, Interior, and the National Economic Council headed by the Vice President with all the 36 state governors, ministers of FCT and Finance and Planning as members.

If the plan works as planned, the strategy is expected to deliver investment returns of N2 trillion to the Nigerian economy, the investors and the farmers; it will generate huge jobs and income along the value chain.

By the end of the 10-year plan (2028), the sub-sector will be worth N8.16 trillion, representing 2.56 times growth from its current N2.9 trillion GDP value to the economy.

How it will work

According to the National Livestock Transformation Plan (NLTP) 2019-2028, in phase one, the plan will support development of grazing reserves in each of the seven pilot states of Adamawa, Benue, Kaduna, Nasarawa, Plateau, Taraba, and Zamfara which suffered greatly from the bloodshed, with four ranches (small, intermediate, medium and large) in each grazing reserve.

Ranchers, smallholder herders and investors will then bring their cattle to a fattening ranch site where cattle would be fed with high quality feeds and provided with water for 150 days to boost average weight from 200-250kg to 450-500kg.

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