Feeding the Malnourished / Ibix Farm
Impact of your enterprise on sustainable development
Unemployment in Nigeria today has become one of the greatest problems that the citizens are facing and proving to be very difficult to solve, this can be witnessed according to current measure taking by the government under the legislative act to agree to a number of commitments that would lead to sustainable development across the country, these commitments include, to reduce massive unemployment as one of the major goals which were to be looked into. For the case of Nigeria, it ranks high at 48% of the labour force with many youths living in frictional unemployment, surviving on less than 1 dollar per day. This Poultry project has therefore been proposed by Mr. Ibeabuchi, Ikechukwu, the major problems that led to this project being proposed included; unemployment, food scarcity and malnutrition. The expansion and development of the poultry project will have positive developmental impacts on the residents especially the youths, the people and the environment. Poultry rearing will create employment in Nigeria that will not only reduce unemployment in the country, but will also reduce rural urban migration thus improving the rural economy. In addition, the poultry project has the potential to positively impact local revenues, because income inform of local revenue will be posed. And finally, the use of poultry products increase soil fertility through mulching the soils, thereby creating a sustainable business enterprise that is friendly towards the environment. The Poultry project therefore intends to ameliorate unemployment in Nigeria by reducing income inequality through the creation of employment opportunities to the few people who will be employed on kick off of the project.
Sustainability and future plans
The target segment from point of view of income is the lower class (as defined by the Poultry project) this is because a survey was conducted on this class of indigenous individuals and found out that they had been deprived of God given resource of nature as a result of the predicament and therefore they needed some attention despite their low level of income and vulnerability hence the project members thought it wise for them to benefit from the project. The market of the products offered will firstly target the wholesalers, retailers among the indigenous community. Therefore the pricing of this project will not be high. In that a tray of egg will be sold for N600. This will give good profit margin to the retailers who will sell at prices that are slightly higher. That is; for the case of the indigenous members who would love to involve themselves in innovative ventures. To achieve the goal for which the project will be up set for, the members will construct 2(two) poultry sheds in order to accommodate the birds. These would not only achieve the objectives for which the project will be set for but also ameliorate the existing youth situation in the Nigeria. It is expected that after 1 year, these birds (layers) could have laid eggs about 2-3 times and the broilers sold and replaced about 4 times. On egg sales, needy members of the society who could have been identified by the project and willing to undertake the sales of egg independently shall each be given an agreed number of eggs for reselling purposes. Some revenues from the sale of the birds shall also be helpful in buying the medicine, feeds, pay the workers and therefore its sustainability and expansion.
Your profile as an entrepreneur
I am Ibeabuchi Ikechukwu Chris, a graduate of Economics/Adult Education of the prestigious University of Ibadan 2008 class. I am the first son, and the fourth child of six children my parent (Late Mr. and Mrs. Ibeabuchi). I am an indigene of Abia State in Nigeria and was given birth to in Oyo State in Nigeria on 27th June 1984. I started my entrepreneurial skill as far back as when I was a teen, raising backyard chicken for my parents and selling some during Festive period (Christmas and New Year Celebrations). Agriculture has become part of me, most especially for the fact that it is what I have been exposed from the very beginning of life. In 2014, shortly after my compulsory NYSC programme, due to the high level of unemployment in the country (Nigeria), I decided to start up a poultry business with as low as N36,000 from my personal savings. Pullets were bought from day old and raised into laying birds within the first 20 weeks of life. The eggs laid by the birds were sold to customers around to generate income for me and my humble family as the bread-winner since I could not lay had on any job as at then. But soon all these activity stopped due to continuous complaints from neighbor about the disturbance of the chickens, as I was forced to sell off the birds. Due to my entrepreneurial spirit, revenue generated from the sales of these birds and eggs have been used to purchase a piece of land in Ibadan for bigger farming activity and expansion.