The Lagos State Butchers Association has raised concerns over the persistent rise in cow prices in the state, now at N2.5 million from N1.7 million in 2025.
The association’s Patron, Bamidele Kazeem, disclosed this in an interview with reporters on Sunday in Lagos.
Kazeem attributed the price hike to insecurity, rising transportation costs, and delayed local ranching initiatives.
“Cows that sold for about N1.7 million last year are now priced between N2.3 million and N2.4 million. At one point, a cow was even sold for N2.5 million,” he said.
He noted that the surge in prices has placed heavy pressure on butchers and consumers, with many traders struggling to stay in business.
“The car I bought in 2020 for N2.1 million is now cheaper than a cow. That shows how expensive cows have become,” he said.
Kazeem also lamented the scarcity of cows at N1 million, blaming insecurity affecting livestock movement and recent fuel price increases.
He said higher diesel and petrol costs have increased logistics expenses, particularly for cattle transported from northern Nigeria, the main supplier for Lagos markets.
Local producers have been unable to meet demand due to delays in the state’s feedlot and ranching programmes.
Kazeem urged the government to expedite the Eko Ranching project in Gbodu, Epe, saying it would boost local cattle supply, reduce transport costs, lower meat prices, and create jobs for youths.
