Enugu- Prices of livestock in Enugu have remained on the increase, one week after the New Year and Mallud Nabiy celebrations.
Alhaji Adamu Sanibo, a livestock dealer at the New Artisan market, Enugu, told the News Agency of Nigeria (NAN) that dealers were still experiencing high patronage and few supplies of the product in the market.
He listed the price of cow to range between N90,000 and N230,000, depending on the size as against N70,000 and N180,000 in the past.
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Another dealer, Mr Chijioke Obayi, noted that the price of cow was still high because most of the dealers had not traveled to the North to buy more cows even as the demand for the available ones were on the increase.
“The current security challenge in the North East is also contributing to the reduction in the number of cows available in the market and the few dealers that bought will hike the price.
“The high cost of transport fares is another major cause of the increase in the cost of livestock,’’ he said.
A goat dealer, who pleaded anonymity, said the price had remained stable during and after the festive period.
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According to him, the increase in demand for the commodity is due to increase in social events like funeral ceremonies, wedding, marriage and political gatherings.
He said that a sizable ram cost between N30,000 and N50,000 while goat went for between N15,000 and N20,000.
A buyer of livestock, Mr Joseph Onu, complained that the prices of cow was very high and called on government to stem the insecurity in the country for the cost of goods and services to reduce. (NAN)
