The Lagos State Butchers’ Association has raised concerns over the soaring cost of cows, warning that the crisis threatens the survival of their businesses.
The association has called on the Federal Government to intervene urgently to prevent an imminent collapse of the sector.
Speaking in an interview with the News Agency of Nigeria on Sunday in Lagos, the association’s Chairman, Alhaji Taiwo Rasak, lamented that the relentless surge in cow prices has put butchers under intense financial pressure, making it increasingly difficult to sustain their trade.
“At the moment, the cheapest cow you can get is N700,000 against N200,000 to N350,000.
“Some cows are as high as N2m now, depending on the size.
“It is going to be more expensive now that we are in the Ramadan season,” Rasak said.
He highlighted the dire impact on profit margins, noting that many butchers are barely staying afloat, while some may be forced out of business 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.
“While I acknowledge the government’s efforts to improve the lives of Lagos butchers, I urge them to swiftly address the mounting challenges in the sector that demand a more rapid and effective response,” he said.
Rasak stressed that investing in meat production is a crucial step in stabilizing the livestock industry, adding that government support could help butchers and farmers navigate the financial strain caused by the skyrocketing cost of cows.
“The interventions can help bridge the gap between supply and demand, ultimately benefiting consumers.
“By supporting meat production, the government can contribute to food security, economic growth, and the well-being of its citizens.
“To effectively alleviate the challenges faced by meat sellers, the government must ensure that palliative loans are disbursed efficiently to reach the intended beneficiaries.
“Those who genuinely require financial support to sustain their businesses must be sought after.
“It is crucial that the government establishes a transparent and equitable system for distributing palliative loans, guaranteeing that these funds are directed towards meat sellers who are struggling to cope with the rising costs and need assistance to stay afloat,” he said.
Rasak’s appeal underscores the urgent need for policy measures to safeguard the livelihoods of butchers in Lagos, ensuring continued access to affordable meat for consumers amid rising costs.
