ECONOMIC ANALYSIS OF POULTRY EGG PRODUCTION IN GWAGWALADA AND KUJE AREA OF ABUJA, NIGERIA

Abstract

This study examined economics of poultry production in Kuje and Gwagwalada Area Councils of FCT Abuja, Nigeria, Data were collected from forty (40) randomly selected poultry farms using structured questionnaire. Data were analyzed using descriptive statistics, farm budgetary model and multiple regression analysis. The results revealed that most of the sampled poultry farms had capacity more than 2000 layers. Estimated costs and returns analysis gave the gross margin and net farm income of #1,547,932.93 and #989,531 respectively. Multiple regression analysis revealed a Coefficient of Multiple Determination (R2) of 0.583 which implies that 58.3% of the dependent variable was explained by the independent variables included in the model. The cost of drugs and vaccine, cost of day old chicks and cost of feed were significant at P <0.05, P<0.1 and P<0.01 respectively. High cost of feed, expensive drugs and disease outbreaks were identified as the major problems of poultry egg production in the study area. Poultry farmers should form cooperative societies so that they can be identified by government and also enable them access to financial credit facilities to enable them increase their stock capacity and hence, expand their production.