Many of the ram sellers attributed the high prices to the high cost of feed and transportation.
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Abdulkareem Rabo, a customer bargaining for a medium-sized ram at the Kugbo ram market in Abuja, lamented the high costs during this festive season. Despite the steep prices, Mr Rabo purchased a medium-sized ram for N110,000 by negotiating from one stand to another. Abu Mustapha, a ram seller, attributed the price rise to the high cost of breeding and maintaining livestock, including feeding.
Rising prices have made many essential items, including food and housing, unaffordable for millions nationwide. In Ilorin, the Kwara State capital, sellers and buyers feel the inflationary pressure equally. The sellers bought the animals at high prices and transported them to Ilorin at great cost, while the buyers, mostly salary earners, have seen the prices of goods and services grow significantly while their salaries have remained the same.
Speaking in Yoruba, Mr Owo-Iya acknowledged the effect of inflation on the prices of rams, cows, and other animals considered ideal for Eid al-Adha rituals. He, however, said the market has different animals suitable for different customers’ budgets. “Before now, most people said there is no N100,000 ram, that most of the rams in the market are like N200,000,” the young barber said.Some sellers opined that the payment of the June salary would help improve their sales because the state is predominantly a “civil servant” state where most workers are government employees.
On Monday, at one of the ram stalls in the market, Abdulwahab Sa’idu, a ram seller, refused to sell one of his rams priced at N250,000. Instead, he sent the picture of the ram to his business network in Abuja and sold it at N350,000, he told PREMIUM TIMES. “A cow sold for N250,000 last year now goes for N400,000. Medium-size cows are now selling for over a million naira; big ones are reaching up to N2 million,” Mr Isyaku said.
A buyer, Abba Muhammad, said a cow priced at N350,000 in the rural communities he visited could be sold at over N400,000 when transported to the city.In Lagos and other parts of the south-west, Muslims lamented the high cost of rams in markets populated by intermediaries and agents.
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