Eid-el-Kabir: Ram Prices Soar in Kaduna Markets Due to Insecurity and High Costs
As the Eid-el-Kabir festival approaches, livestock markets in Kaduna, Nigeria, are experiencing a significant surge in ram prices, rendering them unaffordable for many residents. A survey by the News Agency of Nigeria reveals that small rams are priced between N150,000 and N250,000, while larger breeds can cost up to N1 million. Despite adequate stock in markets like Zango, Rigasa, and Bashama Road, customer patronage remains low due to the prevailing economic hardship. Livestock dealers attribute the price hike to increased operational costs, including expensive transportation, animal feeding, and medication, exacerbated by insecurity along supply routes. Some traders have resorted to selling rams in residential areas to attract buyers. Residents, including civil servants, express concern over the high costs, with many postponing purchases in hopes that prices might drop closer to the celebration. The situation highlights the broader economic challenges facing Nigerian households during festive seasons, where traditional celebrations are increasingly strained by inflation and security-related supply chain disruptions.
Wire timeline
Eid-el-Kabir: Ram Prices Soar in Kaduna Markets Due to Insecurity and High Costs
As the Eid-el-Kabir festival approaches, livestock markets in Kaduna, Nigeria, are experiencing a significant surge in ram prices, rendering them unaffordable for many residents. A survey by the News Agency of Nigeria reveals that small rams are priced between N150,000 and N250,000, while larger breeds can cost up to N1 million. Despite adequate stock in markets like Zango, Rigasa, and Bashama Road, customer patronage remains low due to the prevailing economic hardship. Livestock dealers attribute the price hike to increased operational costs, including expensive transportation, animal feeding, and medication, exacerbated by insecurity along supply routes. Some traders have resorted to selling rams in residential areas to attract buyers. Residents, including civil servants, express concern over the high costs, with many postponing purchases in hopes that prices might drop closer to the celebration. The situation highlights the broader economic challenges facing Nigerian households during festive seasons, where traditional celebrations are increasingly strained by inflation and security-related supply chain disruptions.
Punch Newspapers - Latest News