The University of Ilorin (UNILORIN) has been granted a N600 million loan from the Central Bank of Nigeria to establish a commercial poultry farm to boost the production of eggs and chicken.

The university's Deputy Vice-Chancellor Research, Technology, and Innovation, Professor Mikhail Buhari, made the disclosure on Monday, Feb 28 while speaking with journalists saying the university was the only institution that got the highly competitive loan.

According to Buhari, the GG poultry farm located at Amoyo in the Ifelodun Local Government Area, when finally established, will be crucial in the revitalization of the poultry sub-sector thereby reducing the importation of eggs and other poultry products, and closing its supply gap.

He explained that the university got the loan based on the brilliant proposal it submitted which was rated as the best of presentations made by competing universities, and the farm is expected to produce 5,000 broilers per week and raise 9,000 day-old broilers weekly.

According to him, the project is targeted at building the spirit of entrepreneurial skills among students as it would also generate employment opportunities.