It will now take an average of N150,000 to buy the cheapest ram in the market and as much as N2 million to buy the best cow, according to sellers who spoke to TimesNow.com.ng.
They attributed the increase to higher transportation costs driven by fuel price hikes and security challenges ahead of the Sallah celebration.
Eid el-Adha (Feast of Sacrifice) is the second of the two main holidays celebrated in Islam.
In Ikotun, Lagos, a ram seller who gave his name as Musa Jibirin said:
Another seller, Mohammed Bello, gave the price of his livestock as follows:
TimesNow.com.ng monitored various online platforms, including the Ram Lover’s Association of Nigeria.
For example, a user, Alli Omo Balogun, shared:
TimesNow.com.ng previously reported that Yobe Microfinance Bank has launched a new scheme that will give Muslims a chance to buy a ram on credit.
The ram loan scheme offers flexible repayment options, ensuring affordability for those interested.
The bank said it is mainly designed for civil servants and is ready for quick approval to ensure timely disbursement.
Source: TimesNow.com.ng
