The Lagos State Butchers Association has expressed concern over the continued increase in cattle prices, warning that the trend is putting pressure on both traders and consumers.

The association’s patron, Bamidele Kazeem, said in Lagos that the cost of cows has risen sharply over the past year, with prices now ranging between N2.3 million and N2.4 million, compared to about N1.7 million previously.

He attributed the surge to insecurity affecting livestock movement, rising transportation costs and delays in implementing local ranching initiatives.

Kazeem noted that the price hike has significantly affected business operations, with many butchers struggling to stay afloat amid declining purchasing power.

He said cattle that once sold for around N1 million have become scarce, describing the current situation as worse than previous price increases recorded in the market.

According to him, insecurity in parts of the country has disrupted supply chains, while higher fuel prices have increased the cost of transporting cattle from northern Nigeria, the primary source of livestock for Lagos markets.

He added that the situation has been worsened by rising diesel and petrol costs, which have driven up logistics expenses for traders.

Kazeem said local production has not been able to meet demand due to delays in planned feedlot and ranching programmes within the state.

He urged the Lagos State Government to accelerate the implementation of the Eko Ranching Project, noting that it would boost local supply, reduce reliance on distant sources and help stabilise meat prices.

He added that the project could also create employment opportunities and improve the overall livestock value chain in the state.