Butchers panic, seek FG’s intervention as cow price rises to ₦2m
Following the exorbitant prices of cows, the Lagos State Butchers’ Association has experienced concerns over huge threats to the livelihoods of its members, urging the Federal Government to intervene and save the sector from an imminent collapse.
The association’s Chairman, Alhaji Taiwo Rasak, disclosed this in an interview with the News Agency of Nigeria in Lagos.
Rasak said the persistent surge in cow prices had pushed Lagos butchers to the brink, with many struggling to maintain profit margins and stay in business.
“At the moment, the cheapest cow you can get is ₦700,000 against ₦200,000 to ₦350,000.
“Some cows are as high as ₦2m now, depending on the size.
“It is going to be more expensive now that we are in the Ramadan season,” Rasak said.
He said the development had led to reduced profit margins with many butchers battling to survive, while some could shut down their businesses if the situation persists.
“The impact of rising cow prices on Lagos butchers cannot be overstated. Many are struggling to survive, and some may be forced to shut down their businesses if the situation doesn’t improve.
“The usually vibrant Oja Awolowo Market here in Mushin has fallen quiet with meat sellers facing a dire shortage that left their stalls nearly bare,” he said.
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