DPR Says Nigeria Has Lost Most Valued Oil Buyers
Livestock market. Image: International Livestock Research Institute.

Limited access to funding is one of the major problems facing livestock farmers in the country, according to the Central Bank of Nigeria (CBN).

This came from the Director, Development Finance Department of the CBN, Mudashiru Olaitan on Monday in Kano at a workshop on Sustainable Financing of Livestock Development in Nigeria.

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According to him, less than 20 per cent of aggregate commercial banks’ credit meant for agriculture goes to the livestock subsector.

“There is often little or no access to finance from formal financial institutions,” he said.

“In general, less than 20 per cent of aggregate commercial banks’ credit to agriculture goes to the livestock subsector and much of that to poultry.’’