The Association has raised concerns over the skyrocketing cost of cows, warning that the crisis is threatening their businesses and could lead to widespread closures if urgent action is not taken.
Chairman of the association, Alhaji Taiwo Rasak, made this known in an interview with the News Agency of Nigeria (NAN) on Sunday, calling on the Federal Government to intervene and stabilize the livestock sector.
Rasak lamented that the price of cows had soared dramatically, making it increasingly difficult for butchers to remain profitable.
“At the moment, the cheapest cow you can get is ₦700,000, compared to between ₦200,000 and ₦350,000 previously,” he said.
“Some cows are now as high as ₦2 million, depending on the size. It is going to be even more expensive now that we are in the Ramadan season.”
The rising prices have left many butchers struggling to maintain profit margins, while some businesses are at risk of shutting down completely.
The situation has led to a shortage of meat in major Lagos markets, including the once-busy Oja Awolowo Market in Mushin, which has reportedly become noticeably quieter as butchers struggle to stock their stalls.
“Many are struggling to survive, and some may be forced to shut down their businesses if the situation doesn’t improve,” Rasak stated.
Rasak emphasized that government intervention in meat production was crucial to sustaining the industry and ensuring food security.
He urged the government to provide palliative loans to struggling butchers and farmers, ensuring that financial support reaches the right beneficiaries through a transparent distribution system.
“By supporting meat production, the government can contribute to food security, economic growth, and the well-being of its citizens,” he said.
Butchers across Lagos are hoping for swift action to prevent a collapse of the sector, as the rising cost of cows continues to put immense pressure on their businesses and the affordability of meat for consumers.
