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High cost of rams scares Muslims as Eid-el-Kabir approaches



Less than two weeks to this year’s Eid-el-Kabir marked with the slaughtering of animals, the prices of rams have hit the rooftop.
There are indications that many may celebrate the Sallah without the traditional slaughtering of animals due to the high cost.
A survey of some of the ram markets in Lagos, Abuja and other parts of the country shows that the prices of rams, goats and cows have risen by about 100 per cent compared to what their prices last year.
The rise in prices has been attributed to scarcity of the animals due to high level of insecurity affecting the areas where they are reared as well as the displacement of those involved in the business.
A report by Daily Trust Saturday indicated that rams bought between N85,000-N90,000 last year now go for between N150,000 and 250,000, while those bought at N200,000 are now selling for between N350,000 and N400,000.
The current inflation in the country has also contributed to the hike in prices of the animals as well as other food items and commodities.
For instance, at Maigatari International Market, a border area in Jigawa State, dealers and buyers of rams are lamenting the astronomical increase.
They expressed fears that many worshippers won’t be able to afford rams to celebrate the festival.
A ram dealer from Lagos, Alhaji Lukman Babalola, said, “The price of ram this year is much higher, compared to the last year’s. I have been in this business for a long time now and this year appears to be different. They are telling us that it is because of the high cost of living, which has also affected the cost of feeding the animals, coupled with the fall in the value of the naira.
“A ram that we bought for between N85,000-N90,000 last year is now going for between N150,000-250,000 now, while the ones we were buying for N250,000 are going for between N350-N400,000 this year.”
Another dealer, Malam Sabi’u Yusuf, said, “The prices are high, compared to last year’s. This is as a result of the high cost of living and how we bought the rams from the Niger Republic.”
He added, “Now, we sell a ram for between N120,000 and N150,000. We even sell some rams between N500,000-N520,000.”
A member of Ram Dealers’ Association, Maigatari branch, Alhaji Mai Ungwa Adu’a, attributed the high price to the drop in the value of the naira, compared to the CFP of Niger Republic.
“Now, 200 CFP equals N1,000 if you change naira and bring goods from the Niger Republic. That is why there is an astronomical rise in prices.”
A ram seller at Old Abattoir, Garki, Abuja, Usman Yahuza, attributed the scarcity to the insecurity challenge in the North. According to him, some communities where dealers buy rams from have been under siege by the activities of bandits and kidnappers.
“I usually travel to Mai Aduwa Village in Katsina State to buy rams in large quantities. I hire vehicles to convey them to Abuja. But kidnappers and bandits attacked the community and displaced the people. This has led to scarcity and high cost of rams,” he said.
He also said, “Drivers charge between N1,500 and N2,000 per ram. A big ram which sold for N120,000 last year now sells between N200,000 and N250,000, while a medium-size ram which used to be N60,000 and N75,000 now goes for between M100,000 and 120,000.”
He said medium-size goats which sold for between N20,000 and N25,000 last year now sells for N30,000 and N40,000.
At Anagada Livestock Market located along Gwagwalada-Zuba -Abuja-Lokoja highway, only a few rams, goats and cows were on the ground.
A ram seller, Abdullahi Umar, attributed the scarcity to insecurity from the areas where rams were conveyed to the market.
“In fact, most of the rams and goats that you see here are usually brought from Maigatari in Jigawa State and Ilela in Sokoto State. But because of the security challenge in the areas, some truck drivers are scared to go to the villages to convey rams and goat,” he said.
He added, “Even if a driver agrees to go, he will charge a high fare due to the risk. This contributes to the scarcity and high cost of ram and goats in the market.”


Photos: Kia dazzles Nigerian fans, unveils Sonet, Seltos compact SUVs



Lovers of compact sport utility vehicles built with sophistication in Nigeria have two new stunning products to celebrate, coming from Kia Motors. They are the all-new Sonet and the high-tech Seltos.

The two models assembled in Nigeria and unveiled in Lagos on Friday to the motoring journalists are expected to substantially raise the market share of Kia in the compact SUV segment, which is fast becoming the toast of many new car buyers globally including Nigeria, especially young trendy people.

Details later…





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Southern govs okay VAT collection by state governments



Governors of the southern states have agreed that collection of value-added tax (VAT) should be undertaken by state governments.

Chairman of the Southern Governors Forum and Governor of Ondo State, Rotimi Akeredolu, disclosed this on Thursday while reading a communique at the end of a meeting of the governors in Enugu.

The Federal Inland Revenue Service and some state governments are currently in court over VAT collection.

Rivers and Lagos state governments have enacted laws empowering their respective states to collect the tax (VAT).

Last week, the Court of Appeal directed states to maintain status quo on VAT collection pending the determination of an appeal filed by the FIRS.

Akeredolu said that the governors affirmed that the collection of VAT fell within the powers of state governments.

“We resolved to support the position that the collection of VAT falls within the powers of the state,” he said.

He also said, “The meeting reaffirmed its earlier commitment to fiscal federalism and emphasised the need to pursue its inclusion in the Nigerian Constitution through the ongoing constitutional amendment.”

Akeredolu urged states in the south to leverage the competence of their houses of assembly and representation at the national assembly to pursue the goal.

He said that the meeting reviewed the state of the nation and the progress made in the implementation of the ban on open grazing of cattle in the south of Nigeria.

He said, “The meeting expressed satisfaction with the rate at which states in the south of Nigeria are amending or enacting the anti-open grazing law.

“This aligns with the uniform template and aspiration of governors in the south and we encourage the states that have yet to enact the law to do so expeditiously.

“The meeting agreed to encourage the full operationalisation of the already agreed regional security which will share intelligence and collaborate toward the safety and security of the region.”

The meeting was attended by Ifeanyi Ugwuanyi of Enugu, Nyesom Wike of Rivers, Emmanuel Udom of Akwa Ibom, Babajide Sanwo-Olu of Lagos and Ifeanyi Okowa of Delta.

Others are Adegboyega Oyetola (Osun), Douye Diri (Bayelsa) and Dapo Abiodun (Ogun).

The deputy governors in attendance were Bisi Egbeyemi (Ekiti), Rauf Olaniyan (Oyo), Kelechi Igwe (Ebonyi), Ude Oko-Chukwu (Abia), Philip Shuaibu (Edo), Prof. Ivara Esu (Cross River) and Placid Njoku (Imo).

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Land Rover to expand Defender with eight-seater 130, showstopper models  



Land Rover is preparing to expand the Defender lineup, turning it into a family of vehicles similar to what it did with the Range Rover nameplate.

The expansion will specifically cover a long-wheelbase variant, an eight-seater 130, due next year to a posh, six-figure model in 2025, reports.

According to a report from Autocar, the first variant to arrive will be the 130, an extended-wheelbase version with eight seats and it is due in 2022.

An opulent range-topper is also expected by 2025, and will ride on the MLA platform that will also underpin the next generation Range Rover.

Land Rover already sells multiple versions of the Defender—the stubby but charming two-door 90, the standard four-door 110, and the burly supercharged V8 model.

The 130 should be at least 10 inches longer than the 110, with most of that length added to the rear overhang.

The Defender 130 is expected to only come in higher trim levels and should feature both the six and eight-cylinder engine options.

The US and China will be the stretched Defender’s primary markets, says the report.

The fancier model coming in 2025 will be based on the MLA platform that will underpin the next Range Rover. The MLA platform will support combustion engines, plug-in-hybrid setups, and electric powertrains, and will also form the basis for the next Range Rover Sport, Velar, and Discovery.

This would make a Defender EV possible, but the Range Rover and Velar are expected to have priority for all-electric versions.

The high-end Defender’s interior will be the major distinction, and Autocar says it will feature more vibrant colours and upscale materials.

Although the powertrain landscape will have shifted even further towards EVs by 2025, the luxe-Defender will likely still be powered by the six-cylinder engine.

A plug-in hybrid is also currently sold in Europe, and an evolution of this setup could come to the US as well.

An entry-level Defender 80 had also been rumoured to debut by 2025. It would have been based on the EMA (Electric Modular Architecture) platform, but Autocar reports that this model has been cancelled. That platform will be found in the next Evoque and Discovery Sport, but Land Rover has apparently decided to not move the Defender name down market, as a baby Defender likely wouldn’t have the higher profit margins that should make the 130 and luxury Defender worth the investment.




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