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Salah: Prices of rams shoot up, sell N200,000 to N250,000

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Salah: Prices of rams shoot up, sell N200,000 to N250,000

Ahead of the forthcoming Eid-el Kabir celebration, prices of animals used for sacrifice during the annual festival have skyrocketed beyond the reach of many celebrants, Daily Trust Saturday reports.

Every year during the Islamic month of Dhul Hijjah, Muslims around the world who have the means, slaughter animals like sheep, goat, cow or camel – to reflect the Prophet Ibrahim’s willingness to sacrifice his son Ismail, for the sake of God.

While it is not the only livestock acceptable, a narration in Sahih Muslim records that the Prophet Muhammad (pbuh) sought out horned, white rams to sacrifice during the Eid el-Kabir, as the ram of Prophet Ibrahim had been.

At least, one third of the meat from the animal should go to the poor or vulnerable people.

Like that of ram, prices of cow and camel have also hit the roof top, as findings by our correspondents revealed.

The hike in the cost of basic commodities in Nigeria has reflected itself boldly in the livestock sector, a situation that is likely to deny average Muslims the means to partake in the annual sacrifice amidst economic crunch.

Findings by Daily Trust Saturday in Abuja, Kano, Yobe, Jigawa, Katsina, Lagos, and Port Harcourt, among others, showed that the cost of rams currently hover between N150,000 and N1 million, depending on the size and the location one is buying from.

Stakeholders interviewed blamed the situation on the insecurity around some major rearing states in the North West and North East, devaluation of the naira as well as withdrawal of fuel subsidy, which have in addition affected the price of animal feeds and the cost of transportation.

The Sultan of Sokoto, Alhaji Muhammadu Sa’ad Abubakar III, had declared Friday, June 7, 2024, as the First Day of Dhul Hijjah 1445AH and Sunday, June 16th, which will be equivalent to the 10th of Dhul Hijjah will be marked as this year’s Eid-El-Kabir.

Low patronage in Abuja

Few days to the Sallah celebration, sales have yet to pick up as noticed during a visit to the Abuja main livestock market located in the Dei-Dei area in the Federal Capital Territory, FCT.

This is a sharp contrast with the past when the market served as a rallying point for suppliers and off-takers well ahead of the Sallah festivity.

A livestock merchant in the market, Uzairu Dan-Kudalo, said that the insecurity problem bedevilling some major rearing states, like Zamfara, Sokoto, and Katsina, is affecting the sector, sending many stakeholders out of the business.

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“I know a lot of our members from Zamfara State that lost their capital to this problem just in one fell swoop, after their communities were attacked by bandits or run into their trap along the way. You can see how our animals’ stalls look empty, and it is less than 10 days to the Sallah festivity.

“From Zamfara State alone, we used to receive a supply of no less than 30 trailers during this period, with each trailer loading between 200 and 250 rams,” he said.

“This does not include other mini trucks like canter, which used to supply without getting any attention. But as I am talking to you today, we are yet to receive any kind of supply from there. If you are talking about other states, by this time, a single merchant alone from other states like Kano, Jigawa, or Yobe, would supply about 200 rams into the market. However, many of them can no longer afford a capital of 50 rams now, due to the cost of transportation and the naira devaluation”, he said.

He said bulk buyers and individuals were also not forthcoming.

“By now, I would have finished with the supply of rams to all my regular customers who may decide to keep the animals here, or transport them to their agency, for onward distribution among the beneficiaries. But I am yet to witness this gesture so far,” he said.

Another trader, Yahuza Abdullahi, said that some of them that usually travel to the neighbouring countries like Niger, Chad, or Cameroun to supply the animals are now constrained as a result of the naira devaluation, which according to him has given an edge to the traders that come from the Francophone currency nations.

“Their currency (CFA) has greater value compared to the naira, and as such, nothing you can buy from those countries and expect to make any gain out of it there.

“Rather, the traders of those countries stand to gain a lot when they convert their currency to naira and export our commodities,” he said.

The price of ram has either tripled or doubled when compared with how it went last year.

The same thing goes to the animal feed and cost of transportation.

Given the breakdown of ram price, based on their categories, a trader, Abdullahi Adamu, said the smallest animal that attained the level of sacrifice currently sold between N120,000 and N150,000.

He said such categories of rams were sold between N70,000 and N100,000 last year.

According to him, a middle-sized ram, which sold between N150,000 and N180,000 last year now costs between N250,000 and N300,000.

There are also jumbo-sized rams, which cost from N800,000 and N1.4 million.

Same rams were said to be sold last year, at the rate of N500,000, while the biggest of all, sold at N1.1 million last year.

The same scenario is playing out at the animals’ feed commodity.

A breakdown of the commodity in the market indicates that a bag of animals’ feed extracted from raw beans is now sold between N13,000 and N14,000 per bag, depending on product quality and location. This is in contrast to the N7,000 to N8,000 sold last year.

Same goes to the dried groundnut leaves, which are currently sold at between N5,000 and N6,000, compared to previous year, when it was sold at between N3,500 and N4,000.

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For the harvested corn by-product, its bag costs between N6,000 and N7,000, compared to the previous price of N4,000 and N4,500.

A bag of grounded maize by-product, or dusa in Hausa, is sold at between N18,000 and N20,000, compared to its previous price of N9,000 to N10,000 last year.

In the transportation sector, the traders said a canter truck supplying rams from Katsina or Kano that they paid between N200,000 and N250,000 last year, now goes for between N400,000 to N500,000.

Same truck transporting the animals from either Adamawa or Yobe states in the North East costs around N700,000, in contrast to between N400,000 and N500,000 paid in the past.

It was further learnt that transporting rams in trailer trucks from Mubi, in Adamawa State, a town neighbouring Cameroon Republic, now costs up to N1.5 million, as against last year’s N800,000.

They’re beyond our reach

An Abuja resident, Alhaji Shuaib Hassan who went to buy ram at the livestock market on Wednesday, left there disappointed, as according to him, the N200,000 he budgeted for the kind of ram he bought at N150,000 last year could not get him a ram as it now costs N300,000.

He said he was contemplating returning to the market on Saturday when more traders, especially those from the rural areas, are expected to arrive.

Sani Yusuf said he found succour when he bought two rams at his home town of Bichi, in Kano State, two months ago.

“I bought them at the rate of N150,000, and so far, I have sent about N10,000 for their feeding. I am expecting to pay an additional N10,000 for their transportation from the area to Abuja in the company of other animals tomorrow,” he said.

There was the same lamentation from some roadside ram markets visited in the neighbouring Niger State.

A ram trader in Suleja town in the state, Abubakar Kwamba, predicted the likely drop in ram supply, as well as patronage of buyers this year, owing to the present economic reality.

“We are about 20 traders that supplied ram to this makeshift market last year. But as I am speaking to you now, there are only three of us that arrived, and still with lower supply, compared to what we brought last year. I could only afford to buy 12 rams this year, against 20 that I bought last year”, he said.

Sale outlets springing up in Kano

Roadside livestock markets are springing up in Kano, our correspondent reports.

At Kofar Naisa, where the sacrificial animals are available for would-be buyers, a trader, Yusuf Sani said they were bringing the animals from outside the state, in the hope of making little profit.

He said that the economic situation in the country makes everything look bleak at the moment, but he was hopeful that in the next few days, the market will record improved patronage.

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He said the price of a big ram starts from N400,000, while medium-sized ones go for N300,000.  A small-sized ram costs N100,000.

Another ram seller, Aminu Gwagwarmaya from Hauran Makaranta, said with N150,000, one can get a modest ram in the market.

Hajiya Ummah Kulthum Muhammad Lawan was seen at one of the markets.

She said the money she used and bought many rams last year, which she shared with relatives, will not give her half the number this time around.

“The price for each ram has almost tripled and only God can see us through,” she said.

At the Kofar Naisa Market, the price of camels range from N780,000, depending on the size.

It is permissible for three to seven people to contribute money to buy a camel or a cow for sacrifice and share the meat, clerics said.

The situation in Jigawa State is the same as merchants at Dutse temporary animals’ market lament low patronage.

One of them, Shafiu Hamisu, said scarcity of rams in the state has forced them to resort to buying from neighbouring states.

He said the prices of rams have increased significantly, with a big ram now selling for between N200,000 and N250,000, compared to less than N120,000 in 2023.

Sani Muhammad Bashir, a buyer at Dutse temporary ram market, said he will manage to buy the ram, though the price is very costly.

He called on the government to look into the matter and make things easy for the masses by finding ways to tackle inflation and provision of affordable means of transportation.

Yobe traders in a fix

In Yobe State, livestock sellers have decried low patronage of the sacrificial animal ahead of the Eid-el-Kabir.

The sellers said buyers are reluctant to come forward, saying this may not be unconnected with the high cost of the animals at a time people were struggling to buy food for their families.

The few buyers seen were lamenting over the price of ram and cow, which has increased significantly compared with last year.

A buyer at the livestock market in Potiskum, Adamu Umar, told Daily Trust Saturday that “A cow that you can buy at the cost of N400,000 last year, has now been increased to N650,000, while a bull, which we used to buy at N1,000,000 has now skyrocketed to N1,600,000.

“The situation of the market is not encouraging and by the body language of the buyers, you will understand that many people will not slaughter cows this year,” he said.

MD Adechu, a buyer from Lagos told Daily Trust Saturday that cattle are very expensive even though the Potiskum market is one of the largest livestock markets in the North.

“I don’t know what is happening; please, our government should make things easy for the masses and its citizens”, he said.

Abubakar Usman, a dealer said the price of a medium-sized ram starts from N100,000.

Another ram seller, Alhaji Zakari Yau, told Daily Trust Saturday that most of the buyers are from the southern part of the country.

In Lagos, Abduwasiu Ibrahim, a middleman, said rams and cattle are cheaper in the North.

“The ram that you can buy for N120,000 will cost you around N220,000 here; and a cow of N1,000,000 in the North will be sold at around N1,500,000 here,” he said.

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He said the situation is the same in Port Harcourt, Enugu and Uyo.

“The reason is the cost of transportation and other challenges on the highway. You have to pay a lot of money to many tax collectors,” he said.

The same thing goes to the animal feed and cost of transportation.

Given the breakdown of ram price, based on their categories, a trader, Abdullahi Adamu, said the smallest animal that attained the level of sacrifice currently sold between N120,000 and N150,000.

He said such categories of rams were sold between N70,000 and N100,000 last year.

According to him, a middle-sized ram, which sold between N150,000 and N180,000 last year now costs between N250,000 and N300,000.

There are also jumbo-sized rams, which cost from N800,000 and N1.4 million.

Same rams were said to be sold last year, at the rate of N500,000, while the biggest of all, sold at N1.1 million last year.

The same scenario is playing out at the animals’ feed commodity.

A breakdown of the commodity in the market indicates that a bag of animals’ feed extracted from raw beans is now sold between N13,000 and N14,000 per bag, depending on product quality and location. This is in contrast to the N7,000 to N8,000 sold last year.

Same goes to the dried groundnut leaves, which are currently sold at between N5,000 and N6,000, compared to previous year, when it was sold at between N3,500 and N4,000.

For the harvested corn by-product, its bag costs between N6,000 and N7,000, compared to the previous price of N4,000 and N4,500.

A bag of grounded maize by-product, or dusa in Hausa, is sold at between N18,000 and N20,000, compared to its previous price of N9,000 to N10,000 last year.

In the transportation sector, the traders said a canter truck supplying rams from Katsina or Kano that they paid between N200,000 and N250,000 last year, now goes for between N400,000 to N500,000.

Same truck transporting the animals from either Adamawa or Yobe states in the North East costs around N700,000, in contrast to between N400,000 and N500,000 paid in the past.

It was further learnt that transporting rams in trailer trucks from Mubi, in Adamawa State, a town neighbouring Cameroon Republic, now costs up to N1.5 million, as against last year’s N800,000.

They’re beyond our reach

An Abuja resident, Alhaji Shuaib Hassan who went to buy ram at the livestock market on Wednesday, left there disappointed, as according to him, the N200,000 he budgeted for the kind of ram he bought at N150,000 last year could not get him a ram as it now costs N300,000.

He said he was contemplating returning to the market on Saturday when more traders, especially those from the rural areas, are expected to arrive.

Sani Yusuf said he found succour when he bought two rams at his home town of Bichi, in Kano State, two months ago.

“I bought them at the rate of N150,000, and so far, I have sent about N10,000 for their feeding. I am expecting to pay an additional N10,000 for their transportation from the area to Abuja in the company of other animals tomorrow,” he said.

There was the same lamentation from some roadside ram markets visited in the neighbouring Niger State.

READ ALSO:

A ram trader in Suleja town in the state, Abubakar Kwamba, predicted the likely drop in ram supply, as well as patronage of buyers this year, owing to the present economic reality.

“We are about 20 traders that supplied ram to this makeshift market last year. But as I am speaking to you now, there are only three of us that arrived, and still with lower supply, compared to what we brought last year. I could only afford to buy 12 rams this year, against 20 that I bought last year”, he said.

Sale outlets springing up in Kano

Roadside livestock markets are springing up in Kano, our correspondent reports.

At Kofar Naisa, where the sacrificial animals are available for would-be buyers, a trader, Yusuf Sani said they were bringing the animals from outside the state, in the hope of making little profit.

He said that the economic situation in the country makes everything look bleak at the moment, but he was hopeful that in the next few days, the market will record improved patronage.

He said the price of a big ram starts from N400,000, while medium-sized ones go for N300,000.  A small-sized ram costs N100,000.

Another ram seller, Aminu Gwagwarmaya from Hauran Makaranta, said with N150,000, one can get a modest ram in the market.

Hajiya Ummah Kulthum Muhammad Lawan was seen at one of the markets.

She said the money she used and bought many rams last year, which she shared with relatives, will not give her half the number this time around.

“The price for each ram has almost tripled and only God can see us through,” she said.

At the Kofar Naisa Market, the price of camels range from N780,000, depending on the size.

It is permissible for three to seven people to contribute money to buy a camel or a cow for sacrifice and share the meat, clerics said.

The situation in Jigawa State is the same as merchants at Dutse temporary animals’ market lament low patronage.

One of them, Shafiu Hamisu, said scarcity of rams in the state has forced them to resort to buying from neighbouring states.

He said the prices of rams have increased significantly, with a big ram now selling for between N200,000 and N250,000, compared to less than N120,000 in 2023.

Sani Muhammad Bashir, a buyer at Dutse temporary ram market, said he will manage to buy the ram, though the price is very costly.

He called on the government to look into the matter and make things easy for the masses by finding ways to tackle inflation and provision of affordable means of transportation.

Yobe traders in a fix

In Yobe State, livestock sellers have decried low patronage of the sacrificial animal ahead of the Eid-el-Kabir.

The sellers said buyers are reluctant to come forward, saying this may not be unconnected with the high cost of the animals at a time people were struggling to buy food for their families.

The few buyers seen were lamenting over the price of ram and cow, which has increased significantly compared with last year.

READ ALSO:

A buyer at the livestock market in Potiskum, Adamu Umar, told Daily Trust Saturday that “A cow that you can buy at the cost of N400,000 last year, has now been increased to N650,000, while a bull, which we used to buy at N1,000,000 has now skyrocketed to N1,600,000.

“The situation of the market is not encouraging and by the body language of the buyers, you will understand that many people will not slaughter cows this year,” he said.

MD Adechu, a buyer from Lagos told Daily Trust Saturday that cattle are very expensive even though the Potiskum market is one of the largest livestock markets in the North.

“I don’t know what is happening; please, our government should make things easy for the masses and its citizens”, he said.

Abubakar Usman, a dealer said the price of a medium-sized ram starts from N100,000.

Another ram seller, Alhaji Zakari Yau, told Daily Trust Saturday that most of the buyers are from the southern part of the country.

In Lagos, Abduwasiu Ibrahim, a middleman, said rams and cattle are cheaper in the North.

“The ram that you can buy for N120,000 will cost you around N220,000 here; and a cow of N1,000,000 in the North will be sold at around N1,500,000 here,” he said.

He said the situation is the same in Port Harcourt, Enugu and Uyo.

“The reason is the cost of transportation and other challenges on the highway. You have to pay a lot of money to many tax collectors,” he said.

Salah: Prices of rams shoot up, sell N200,000 to N250,000

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Tinubu observes Eid prayer, calls for love, support for the weak

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Tinubu observes Eid prayer, calls for love, support for the weak

President Bola Ahmed Tinubu has called on Nigerians to show more care for their neighbours and extend charity to all in the spirit of Eid-el-Kabir.

Speaking with journalists after Eid-el-Kabir prayers in  Lagos on Sunday, the President said some level of sacrifice will be required to move the nation forward.

“We have been told by the Chief Imam how we can follow the path of sacrifice. The sacrifice required of a good citizen. Citizenship comes with responsibilities. As citizens, what do we need to do to be committed members of our society? Yes, that is sacrifice; loving your country. Loving your neighbours. Sharing what you have with each other. And to always be thankful to Almighty God,” the President said.

In his sermon, the Chief Imam of  Lagos State, Sheikh Suleiman Oluwatoyin Abou-Nolla, who led the prayers, reiterated the need for more love, sacrifice and care for the poor and the vulnerable.

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“Our leaders like the late Sir Ahmadu Bello, Abubakar Tafawa Balewa, Dr. Nnamdi Azikiwe, Moshood Kashimawo Olawale Abiola, Funmilayo Ransome Kuti, to mention a few, sacrificed their knowledge, wealth, sweat, and even life, to the growth and development of the country we call ours today. All their activities and actions were geared towards nation-building.

“We must therefore ensure that their sacrifices are not in vain. It is incumbent on us to follow their footsteps to ensure that this nation, Nigeria, continues to grow in leaps and bounds,” he said.

The Chief Imam of  Lagos urged citizens to pray that God Almighty grant the President the strength and wisdom to deliver on his vision for a better and prosperous nation.

Tinubu observes Eid prayer, calls for love, support for the weak

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Tinubu didn’t create current economic problems, Presidency replies New York Times

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President Bola Ahmed Tinubu

Tinubu didn’t create current economic problems, Presidency replies New York Times

The presidency has declared that the present economic crisis being experienced by Nigerians was caused by the previous administration and not the present government.

Bayo Onanuga, Special Adviser to President Bola Ahmed Tinubu on Information and Strategy, reacted Sunday in a statement to a piece on the Nigerian economy titled ‘Nigeria Confronts Its Worst Economic Crisis in a Generation’ published by the New York Times.

He said the article was not only predetermined but a “reductionist, derogatory, and denigrating way foreign media establishments reported African countries for several decades.”

In trying to put the report in perspective, the presidency said, “President Tinubu did not create the economic problems Nigeria faces today. He inherited them. As a respected economist in our country once put it, Tinubu inherited a dead economy,” adding that, “The economy was bleeding and needed quick surgery to avoid being plunged into the abyss, as happened in Zimbabwe and Venezuela.”

Onanuga noted that the above scenario was the background to the policy direction taken by the government in May/June 2023, “the abrogation of the fuel subsidy regime and the unification of the multiple exchange rates.”

The presidential aide said: “For decades, Nigeria had maintained a fuel subsidy regime that gulped $84.39 billion between 2005 and 2022 from the public treasury in a country with huge infrastructural deficits and in high need of better social services for its citizens.

“The state oil firm, NNPC, the sole importer, had amassed trillions of naira in debts for absorbing the unsustainable subsidy payments in its books. By the time President Tinubu took over the leadership of the country, there was no provision made for fuel subsidy payments in the national budget beyond June 2023. The budget itself had a striking feature: it planned to spend 97 percent of revenue servicing debt, with little left for recurrent or capital expenditure.”

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The presidency disclosed that the previous administration had resorted to massive borrowing to cover such costs. “Like oil, the exchange rate was also being subsidised by the government, with an estimated $1.5 billion spent monthly by the CBN to ‘defend’ the currency against the unquenchable demand for the dollar by the country’s import-dependent economy.

“By keeping the rate low, arbitrage grew as a gulf existed between the official rate and the rate being used by over 5000 BDCs that were previously licensed by the Central Bank. What was more, the country was failing to fulfil its remittance obligations to airlines and other foreign businesses, such that FDIs and investment in the oil sector dried up and, notably, Emirate Airlines cut off the Nigerian route,” it said.

It added that President Tinubu had to deal with the “cancer of public finance on the first day by rolling back the subsidy regime and the generosity that spread to neighbouring countries. Then, his administration floated the naira.

“After some months of the storm, with the naira sliding as low as N1,900 to the US dollar, some stability is being restored, though there remain some challenges. The exchange rate is now below N1500 to the dollar, and there are prospects that the naira could regain its muscle and appreciate to between N1000 and N1200 before the end of the year.

“The economy recorded a trade surplus of N6.52 trillion in Q1, as against a deficit of N1.4 trillion in Q4 of 2023. Portfolio investors have streamed in as long-term investors. When Diageo wanted to sell its stake in Guinness Nigeria, it had the Singaporean conglomerate, Tolaram, ready for the uptake. With the World Bank extending a $2.25 billion loan and other loans by the AfDB and Afreximbank coming in, Nigeria has become bankable again. This is all because the reforms being implemented have restored some confidence.”

The presidency also stated that inflationary rate is slowing down, as shown in the figures released by the National Bureau of Statistics for April, adding that, “Food inflation remains the biggest challenge, and the government is working very hard to rein it in with increased agricultural production.

“The Tinubu administration and the 36 states are working assiduously to produce food in abundance to reduce the cost. Some state governments, such as Lagos and Akwa Ibom, have set up retail shops to sell raw food items to residents at a lower price than the market price.

“The Tinubu government, in November last year, in consonance with its food emergency declaration, invested heavily in dry-season farming, giving farmers incentives to produce wheat, maize, and rice. The CBN has donated N100 billion worth of fertiliser to farmers, and numerous incentives are being implemented. In the western part of Nigeria, the six governors have announced plans to invest massively in agriculture.”

Tinubu didn’t create current economic problems, Presidency replies New York Times

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Ohanaeze blames S:East politicians for Kanu’s detention

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Nnamdi Kanu

Ohanaeze blames S:East politicians for Kanu’s detention

The Secretary General of Ohanaeze Ndigbo Worldwide, Mazi Okechukwu Isiguzoro, has urged the people of the South East and concerned Nigerians to hold South East politicians accountable for the continued detention of Mazi Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB), rather than blaming President Bola Ahmed Tinubu.

In a statement on Sunday in Abakiliki, Ebonyi State, Isiguzoro emphasized that President Tinubu should not be blamed. He highlighted that the necessary assurances of security and cooperation from South East leaders to facilitate Kanu’s release had not been provided.

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“Ohanaeze Ndigbo calls upon our fellow Igbo brethren and concerned Nigerians to direct their attention towards the South East governors rather than President Tinubu regarding the deteriorating security situation in the South East and the continuous detention of Mazi Nnamdi Kanu. South-East governors and certain Igbo leaders have not provided the essential assurances required to explore political solutions for Kanu’s release,” Isiguzoro stated.

He condemned some regional leaders for allegedly exploiting Kanu’s detention for personal gains, political bargaining, and maintaining political relevance, which he believed was aimed at prolonging Kanu’s imprisonment for selfish interests ahead of the 2027 elections.

Isiguzoro also called on prominent Igbo personalities, including Chief Emeka Anyaoku, Pa Ebitu Ukiwe, and Senator Ike Nwachukwu, to collaborate and provide the federal government with the necessary assurances regarding Kanu’s post-release conduct.

Ohanaeze blames S:East politicians for Kanu’s detention

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