Nigeria’s Eid‑season sheep prices rise amid unrest and higher fuel costs

2 months ago 32
ARTICLE AD BOX
Unrest, fuel costs push up Nigeria Eid sheep prices

Economic pressure and rising petrol prices, driven by the Middle East conflict and domestic insurgency, have pushed the cost of sheep higher in Nigeria ahead of Eid‑al‑Adha.

Traders complained that sales were slow, with thousands of sheep left standing in the rain at Kara Market on Friday. Kara Market, a large livestock hub on the Lagos‑Ogun border in southwest Nigeria, receives thousands of animals each day from northern Nigeria, where most of the country’s livestock is raised, as Muslims prepare for the annual festival.

About half of Nigeria’s population is Muslim, and demand for sheep spikes during the celebrations.

Several traders told AFP that sales had been sluggish this year because livestock prices have risen sharply.

Prices for sheep, which are preferred for the festival, range from 250,000 naira (about $183) to 1.2 million naira, depending on size.

Comparable animals sold for between 150,000 and 1.0 million naira last year, said trader Abdullahi Bukar.

Bukar said insurgency in the country’s northeast, multiple taxes and illegal tolls collected by security officials have driven up prices.

Shoppers nevertheless trekked through the muddy market in search of bargains as the downpour eased to a drizzle on Friday.

“We are always scared when we go to the market to buy livestock because terrorists usually attack the markets where we buy stock,” said Bukar, 29.

He had travelled from northeastern Yobe state to trade at the market.

“Sometimes people don’t come to the market to sell to us because of fear,” he said.

More than 2,100 civilians were killed in “violent incidents including attacks from terrorists” in the first quarter of the year, according to SBM Intelligence, a Lagos‑based risk consultancy.

“I was told to bring 1.2 million naira for a sheep that is not very big,” shopper Ibrahim Kosoko said. “I had to look for something I can afford.”

He settled for one that cost him around 400,000 naira in a country where the monthly minimum wage is 70,000 naira (about $51).

Transport costs

Some traders travel more than 1,000 kilometres (600 miles) to sell sheep at the market and elsewhere in southwest Nigeria, where demand surges ahead of the Muslim festival.

Transport costs have more than doubled.

Transport costs typically rise during festive periods, but this year’s surge in petrol prices—triggered by the Middle East war—has intensified the pressure.

Many Muslims travel to celebrate Eid with their families, but some are now considering shelving their plans due to rising fares.

Petrol prices have nearly doubled in many parts of the country, from around 850 naira per litre to more than 1,320 naira—a record high in a country where gasoline sold for around 195 naira at the start of 2023.

“I will need to spend at least 80,000 naira on travelling to and from my hometown with my child,” said 40‑year‑old civil servant Taibat Bashir. “That’s not something I can afford.”

She said an uptick in violent attacks in her Kwara home state in recent months—some blamed on jihadist groups—made the prospect of travelling less appealing.

Traders at the sheep market told AFP that rising transport fares were a major headache for them too.

“Truck drivers collect about 2.7 million naira from us to transport our livestock down,” said Abubakar Dauda, 33, from northeastern Adamawa.

That is nearly three times the same service cost him in 2025.

“We even spend up to 300,000 on police checkpoints and taxes to every state we pass through,” he said.

Dauda, who brings in most of his sheep from Chad, said exchange rate volatility had pushed up import and sourcing costs, driving prices in the market even higher.

Shopper Kosoko said there were ways around the price problem.

“It is not compulsory to buy sheep for Ileya,” he said, using the Yoruba word for Eid‑al‑Adha. “If we cannot afford one, we will find ways to celebrate regardless.”

Vanguard News

The post Unrest, fuel costs push up Nigeria Eid sheep prices appeared first on Vanguard News.

Read more on this