Politics
Warning: Beef Could Soon Cost ₦10,000 Per Kg Amid Supply Issues
Warning: Beef Could Soon Cost ₦10,000 Per Kg Amid Supply IssuesThe price of beef in Nigeria is on track to reach an alarming ₦10,000 per kilogram, a sharp increase from the ₦3,000 to ₦5,000 range recorded just a few months ago, unless immediate support is extended to pastoral farmers. This impending price hike underscores the growing challenges faced by ordinary Nigerians amidst the ongoing economic crisis gripping the nation.....KINDLY READ THE FULL STORY HERE▶
In a recent media briefing in Abuja, Mrs. Winnie Lai Solarin, the Director of Animal Husbandry Services at the Federal Ministry of Livestock Development, raised concerns about the escalating costs of beef. She identified rising prices of feed and water, along with increasing insecurity in farming regions, as significant factors contributing to the surge in meat prices.
Over the past few months, many Nigerians have voiced their worries about the soaring costs of meat and other protein sources. The current price for a kilogram of beef has surged to between ₦6,000 and ₦7,000, compared to just ₦3,000 to ₦3,500 earlier this year.
Mrs. Solarin stated, “The livestock sector has been neglected. What we need is access to feed and water, along with effective market regulations for our products. Many of these essentials are still lacking. About 80 percent of the meat consumed comes from pastoralists, and if they face difficulties, the entire system will suffer.”
She explained that pastoralists previously sourced grass and feed at lower prices, but now they are forced to purchase these resources at much higher rates. “The restructuring of the market has made it impossible for them to acquire affordable feed. High feed costs inevitably lead to higher product prices, similar to the current situation in the poultry sector.”
She noted that the soaring prices of maize and soybeans are also affecting poultry products, driving up the cost of chicken.
Mrs. Solarin lamented the failure of the Ruga initiative, which was intended to boost investment in the livestock sector akin to efforts made in crop production. “Regrettably, many Nigerians misinterpreted the initiative, believing the government intended to seize land for the Fulani tribe.”
Furthermore, she pointed out that insecurity has hindered many farmers from accessing their lands, forcing numerous livestock farmers to leave the country due to safety concerns.
The ongoing conflict between farmers and herders continues to plague the livestock sector, which is valued at over ₦33 trillion. While she acknowledged the Federal Government’s efforts in livestock development, Mrs. Solarin criticized state governments for their lack of commitment to the sector, noting, “Unfortunately, most states allocate little or no budget to support it. The Federal Government doesn’t own land, but states have a responsibility to maintain grazing reserves and prevent them from deteriorating. We urge state governments to invest more in the livestock sector.”
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