In recent times, the humble egg has transformed into a coveted commodity, often referred to as “gold” due to its escalating prices. As consumers ponder the exorbitant costs at local egg stores, a whimsical question may arise, “Did they perform surgery on these chickens?” In this blog post, we’ll delve into the dynamics of egg prices in Nigeria, exploring the reasons behind the surge and offering insights on where to find affordable options.
Understanding the Egg Market:
Eggs, those protein-packed wonders, come from a special breed of hens known as Layers. These feathered contributors start laying eggs around 18-19 weeks of age, and their yield is the backbone of commercial egg farming. However, the recent spike in egg prices in Nigeria can be attributed to the rising costs of poultry feed, a critical factor in egg production.
Wholesale Egg Prices:
Wholesale egg prices currently range from N1,500 to N1,700, depending on size and location. The market distinguishes between small and jumbo eggs, priced at N1,500 and N1,700, respectively. The prevailing economic inflation and increased poultry feed prices contribute to this steep cost, a trend likely to persist until economic stability is achieved.
Affordable Alternatives:
For those seeking more budget-friendly options, egg depots and poultry farms are the go-to places. These establishments supply eggs in large quantities to distributors, offering prices within the N1,500 to N1,700 range per crate. Below are some egg depots across Nigeria, including Lagos, Abuja, Ogun, and Oyo:
- Teeto Egg Depot, Iwo, Osun State
- Classic Farm Eggs, Wasim, Ojokoro, Lagos
- Taobab Farms, Imam Street, Ekuro Iwoye, Osun State
- Rehoboth Foods, Surulere, Lagos
- Dola Eggs, Agboju, Lagos
- Jola-Ade Farms, Ilaro, Ojo
- Ilaro Depot, Ilaro Main Market, Oyo
- Florieda Integrated Farm, Orile-Oshodi, Lagos
- Divine Convection Egg Depot, Ikorodu, Lagos
- Zakus Egg Depot, Ota, Ogun State
Crate Configuration and Individual Egg Prices:
In Nigeria, eggs are sold in crates, each containing thirty eggs. The standard pricing per egg varies between N80 and N100, with supermarkets in Lagos selling an egg for N120 and a crate for N2,400.
Tips for Starting an Egg Business in Nigeria (2023):
- Have a Plan:
- Develop a comprehensive business plan outlining your goals and strategies.
- Include securing a reliable supplier directly from the farm if you don’t own one.
- Submit Your Plan to Potential Investors:
- Share your business plan with potential investors to attract funding if needed.
- Start:
- Act on your business plan, utilizing the structure it provides to kickstart your egg business.
Conclusion:
As you embark on your egg business journey in Nigeria, armed with knowledge about prices, locations, and profitability, remember that success often starts with a well-thought-out plan. Whether you’re a consumer navigating the egg market or an aspiring entrepreneur venturing into egg production, may your endeavors be as fruitful as a well-tended egg farm. Good luck!