Best Ideas 2022 features all the nominated entries submitted under ‘Submit your Idea’ category. All the entries consist of innovative solutions or propositions for an enterprise that champions the Sustainable Development Goals. They can be on the conceptual, planning, or start-up stage.
Poultry Integrated Enterprise
Explain your idea in details:
The aim is to establish a poultry farm for profit making and to empower youths for self-sustainability in order to improve capacity building in the poultry sector for feed security as drivers of the economy. The business will be in two sectors and in phases, the first sector will be a production and marketing Unit while the second sector, a skill acquisition center. The farming system to adopt will be a deep litter system of housing in order to allow the birds to move freely, this will improve the overall health of the birds. The farm will be located about 30 meters from a major road and fenced to control free access by humans and animals. Water and feed will be made available at all times, feed supply will be from a reliable source. The business will employ skilled labor who will undergo periodic training to update knowledge, and will be sited where there is a ready market. The estimated startup capital for the broiler production is about 6,000.00. This will be financed through grants (and loans if tenable) with a sales turnover of about 61,062.03, gross profit of 36,639.59, and net profit of 34,659.70. The other sectors will be developed as the capital expands. Poultry production involves some risk factors such as disease, flood and fire outbreaks. However, these factors will be reduced by acquiring vaccines from reputable sources, vaccinating with the right vaccine dose, locating the farm on highland and employing safety measures by controlling farm entry and making fire extinguishers available.
Expected impact of your idea on sustainable development
The objectives are to achieve a sales turnover of approximately 60,000.00 a gross profit of 36,600.00 and a net profit after tax of approximately 14,000 000.00 Naira 35,000.00 from two years of commencement of operation. Another objective is to increase staff salary by 5% by the end of second year of operation as well as to have a customer base of 4000 within the first year of operation and increase to 10,000 before the end of third year in business and to provide job for the teeming population. It will have inpacts on the society through increased increased meat production and protein supply, increased wealth and personal income for the business owner, a reliable substantial means of income for its employees through payment of salaries and wages, improve the standard of living by contributing to the domestic production of chicken and a boost on the national economy which will influence growth of the economy. Progress in the economic development of the nation will improve the standard of living of the people. The success of the business will be measured by evaluating the business's Financial Statements, customer tracking for feedback on service rendered, taking count of our increase or decrease in customer base, performance review of increase or decrease on production rate and then access our expectations.
Plans for implementation and sustainability
The production technique for this business refers to the processes involved from sourcing the day-old chick up to market weight. It takes about 8-9 weeks for a day-old broiler to reach maturity, day-old hybrid chicks will be purchased in one single batch, grown until maturity, and sold in one batch to the market. Day-old chicks will be purchased from a reliable source and reared in the brooding facility for 4 weeks and then reared for another 4 to 5 weeks before its ready for the market. The production capacity of the proposed farm is 1000 broilers for the start, which is subject to change, it takes 9 weeks complete production, and the number of broilers will be increased during the festive period by 200 because of the high demand. In a period of 1year, about 4400 broilers will be reared, so by the end of one session, the firm will have recorded 6600 (200 birds added every festive period of Easter and Christmas). The financial projections for the first 2 years of operation include pre-operating and operating expenses, startup capital, funding source, proposed selling price and financial assumptions. Target markets awill be Families/household, restaurant, hotels, student, and event planners etc. We will use the services and knowledge of the distribution within our vicinity as well as the use of our own direct sales force from our outlet. There will be discounts for bulk purchases, free delivery and the method of payment will be cash and online payment platforms. Promotion strategies will be adoptedr market the business through social networks such as Facebook, Twitter, and Instagram, text messages, complimentary cards and printing of banners/billboard, discount sales, and low cost pricing. We shall ensure partnership with research institutes for staff develpoement and NGO for funding. Funding shall be through grants and loans
Born on the 12th of May, 1987 (35 years), I am a Ph.D. student in the Department of Poultry Breeding and Biotechnology at the University of Lome, Togo, and a Farm Technologist at the department of Animal Breeding and Genetics, Joseph Sarwuan Tarka University, Nigeria. I have a B.Sc in Animal Production and Management and an M. Sc. In Animal Breeding and Genetics. I have managed my personal poultry farm for over a period of 5 years before gaining admission to run a Ph.D., this has equipped me with a good experience in poultry production and management. As a Ph.D. student with the University of Lome, Togo, I have presented scientific papers on poultry production at international conferences, my major accomplishment last year was presenting a paper at the World Poultry Congress held in France (August 7th- 11th 2022) on the improvement of the indigenous chickens of Africa using the exotic breeds for meat production. Farmers in my region travel about 610-700 Km to purchase day-old chicks, the resulting effects are high mortality, weak and stressed chicks, and high production costs. If I succeed in this grant, this initiative will help unemployed youths in self-sustenance and contribute to economic development thereby reducing the overdependence on government which has become a norm in Africa. Agriculture has solutions to many problems, I have been motivated by the high unemployment and malnutrition in Africa, and my goal is to improve capacity building in the poultry sector for feed security as drivers of the economy.