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Muslims groan as price of ram hits roof ahead of the Eid-el-Adha celebration

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Ahead of the Eid-el-Adha celebration, prices of rams and cows have risen sharply across markets in the country.

Chairman of the Lagos State Butchers’ Association, Alhaji Ismail Babalola Afisuru, said the price of a medium-sized ram now ranges between N400,000 and N800,000, while bigger sizes sell for as much as N2.5 million.

Many Nigerians expressed fears that worsening economic hardship may prevent them from observing the traditional sacrifice of rams and cows during the festive period.

A number of factors have been blamed for the high cost of the sacrificial animal, which is an integral part of the spiritual celebration.

In several states north and south, potential ram buyers are stunned by the huge cost of the animal necessary for the festival that is coming up on Wednesday worldwide.

Our correspondents across the country report their findings from markets in various states of the federation:

Lagos State

According to Alhaji Afisuru, cows currently cost between N2 million and N4.5 million, depending on size.

“As we approach the Ileya festival, the prices of rams and cows are becoming unbearable. Many Muslims can no longer afford them,” he said.

“The minimum price for a small ram is not less than N400,000, while medium and large sizes sell for between N800,000 and N2.5 million. Cows are also sold between N2 million and N4.5 million,” he added.

Afisuru attributed the rising cost of cows to low supply, alleging that livestock dealers from the northern parts of the country are focusing more on supplying rams because of increased demand during the festive period.

“This is a seasonal business. The dealers from the North want to maximise profit by supplying more rams while reducing the supply of cows. This has largely contributed to the high cost of cows,” he said.

He appealed to the government to address insecurity in parts of Northern Nigeria to ease transportation and livestock supply.

“We are appealing to the government to ensure peace in troubled areas in the North so that traders can travel safely and purchase livestock without difficulties,” he added.

Abuja

At the popular Kugbo Ram Market in Abuja visited by Saturday Tribune, the price of big rams ranges between N450,000 to N1.2 million and the smaller ones between N300,000 and N150,000.

Some intending buyers who spoke to Saturday Tribune complained bitterly about the price of the rams which they said is above their reach.

Umar Lukman told our correspondent that he would either settle for a goat or share the price of the ram with another customer who would be willing to.

He said he came to the market with a budget to buy a N200,000 ram.

“The prices of the rams are not affordable for me this year and maybe I’ll have to settle for a goat or if I see anyone that we can pool resources together to get a ram of about N400,000. We understand the situation of things in the country but I never knew I would get a befitting ram at around N200,000 because that is what I brought here. May we celebrate many more of Eid el Kabir and may Almighty Allah spare our lives to celebrate many more,” Lukman said.

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A ram seller, Abdullahi Abdurahaman, while giving reasons for the rise in the price of the rams, said they had to take into consideration the money used in transporting the rams to the market and the feeds for the livestock. He stated that the fuel price hike also contributes greatly to the price of the rams compared to last year.

How much did we sell last year if you remember? Then petrol price was around N700 and N750 but today it is sold between N1,350 and N1,400, so what do you expect? We are not happy either, because it has affected our sales. People are complaining and there is little we could do. Remember, we also have to factor the price of the feeds into what we are selling,” he stated.

Kano State

Livestock traders disclosed that the price of a small ram now ranges from ₦250,000 to ₦450,000, while cows are being sold for between ₦850,000 and ₦1.5 million, depending on their size and breed.

Findings from an investigation conducted across Tarauni and parts of Kano metropolis showed a sharp increase in the prices of livestock compared to previous years, placing the animals beyond the reach of many low and middle-income earners.

Residents interviewed blamed the situation on inflation, rising food prices, and the removal of fuel subsidy, which they said has worsened the economic condition of ordinary citizens.

Alhaji Murtala Ahmed, resident of Hotoro, lamented that his family, which usually buys at least one ram every Sallah, may not be able to afford one this year.

“We used to buy at least one ram every year for Sallah, but this time the prices are beyond our reach,” he said.

Another resident, Alhaji Yahya Muhammad, in Kano city, described the development as painful, noting that the rising cost of transportation and basic commodities has affected both buyers and sellers.

Several civil servants also complained that their monthly salaries can no longer meet basic family needs, making it difficult to purchase sacrificial animals for the celebration.

Livestock dealers, however, defended the increase in prices, attributing it to high transportation costs, insecurity along cattle routes, and the increasing cost of animal feed.

Oyo State

Ram sellers at UMC, Oke-Ado in Ibadan, expressed concern over low patronage.

Saturday Tribune observed at the market that buyers were not turning up in expected large numbers despite the availability of rams.

Findings revealed that ram prices currently range between N300,000 and N600,000, depending on the size and breed.

At the Railway Line at Iyaganku, and Liberty Stadium Road, traders complained that interested buyers were left helpless when they find that rams are costlier than their budget.

They cited high cost of transportation occasioned by energy costs.

Sellers explained that transporters charge between N10,000 and N15,000 for each ram brought into Ibadan from northern Nigeria.

Ram traders, Ishola Ganiyu and Olawale Roheem, blamed the poor sales on the general economic hardship in the country.

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Sokoto

Both ram sellers and buyers in Sokoto lamented low patronage and the high cost of livestock in the market.

At the popular Kara Market in Sokoto on Friday, Saturday Tribune found that an average ram which sold for less than N150,000 last year now costs about N250,000 in the market.

Alhaji Imran Shehu, a ram seller in the market, described the current prices as unavoidable.

According to him, “The high cost of rams is due to many factors, including insecurity and the high cost of animal feed, among others. Most of the people who sell rams to us have been displaced by insurgency. The few who are still in the business are barely operating because of fear. This is apart from the high cost of feeds.”

Mallam Ismail Haruna, a buyer who also spoke with our correspondent, said the high cost of rams had forced many families to rethink plans to slaughter rams this year.

Kwara

Ram sellers in parts of Kwara State blamed insecurity in the country and the high cost of transportation, occasioned by increased fuel prices, for the exorbitant cost of rams.

Saturday Tribune gathered that the prices of sizeable rams start from between N170,000 and N250,000 in some popular markets such as Mandate, Zango, Fate and Asa Dam areas of Ilorin, while bigger ones sell for between N500,000 and N1 million.

The ram sellers expressed worry over low patronage ahead of the Eid-el-Kabir celebrations, attributing it to the prevailing economic situation in the country.

The Vice Chairman of the Ram Sellers Association, Agric Branch, Ilorin, Ibrahim Wasiu, blamed the low patronage to the low purchasing power of customers, saying the increase in the pump price of petroleum products, insecurity and delays in salary payments had negatively affected sales.

Also speaking, Abdulmalik Olawale said in addition to insecurity, bad roads had prevented livestock farmers from visiting the rural markets.

He appealed to the government to provide security in rural communities to prevent livestock farmers from relocating to other countries.

Ondo State

Checks at ram markets at Ilesha Garage and Agape Junction at Road Block in Akure showed that small-sized goats now sell for between ₦120,000 and ₦250,000, while medium-sized rams cost between ₦300,000 and ₦700,000 depending on breed and size.

Large and well-bred rams, which are usually preferred by wealthy families and groups, were found selling for as high as ₦800,000 to about ₦1 million.

Some of the dealers attributed the increase in prices of the rams to the high cost of transportation, insecurity along major supply routes from the northern part of the country, and the rising cost of animal feed and general inflation affecting the economy.

One of the ram sellers at the Agape junction, identified simply as Ibrahim, said traders were also struggling with low patronage as many families could no longer afford the prices unlike the previous years.

He noted that despite the rising prices, Muslim faithful have continued to troop to markets in search of affordable for rams.

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One of the faithful seen at the ram market, Alhaji Adams, expressed optimism that the prices of the rams will still fall some days before Salah.

Plateau State

The high cost of rams has forced many people to abandon the idea of buying rams this year for the celebration.

Saturday Tribune findings in Jos, Plateau State, revealed that a medium-sized ram, which sold for N250,000 last year, now costs about N350,000, while the prices of bigger sizes range between N500,000 and N1 million.

A ram merchant, Abdullahi Sule, revealed that many people are reluctant to buy rams this year due to the high prices and the country’s economic challenges.

According to him, there is a possibility that some rams may be returned to the farms or that prices may drop a few days before the festival.

He said many middle-aged civil servants have abandoned plans to buy rams and are turning to other alternatives for the celebration.

Ebonyi State

Livestock dealers across major cattle markets in Ebonyi State raised concerns over poor patronage and skyrocketing prices of rams, goats and cows, warning that many Muslim faithful may be unable to perform the traditional Sallah sacrifice this year due to economic hardship.

They said the sharp rise in the prices of rams, goats and cows is due to high cost of transportation and the exit of Fulani herders from Nigeria for the situation.

Chairman of the Goat Market in Abakaliki, Mallam Ahmadu Sariki, described this year’s patronage as “very dull,” noting that many Muslim families can no longer afford livestock for the Eid-el-Kabir celebration.

“Before now, patronage used to be encouraging, but this year it is very poor. Last year, patronage was about 80 per cent, but this year it is just 20 per cent,” he stated.

He explained that the prices of rams now range from N350,000 upward, compared to between N290,000 and N350,000 recorded last year.

“The family that used to buy three rams before can hardly afford one now. We are calling on the government to pay salaries promptly and assist Nigerians so they can celebrate Sallah comfortably,” he appealed.

Also speaking, the Chairman of the Cattle Market in Abakaliki, Alhaji Ali Gambo, said the high cost of cows and transportation had significantly affected sales.

“Sallah celebration is incomplete without rams or goats here in Ebonyi State. But because there are not many wealthy Muslims in the state, people now prefer smaller animals.”

He disclosed that a big cow which previously sold for about N900,000 now goes for between N1.5 million and N1.7 million and attributed the increase to the migration of Fulani cattle dealers out of Nigeria to neighbouring countries such as Chad and Cameroon.

“The Fulani herders have left Nigeria and are staying outside the country. This has contributed to the scarcity and increase in prices,” he said.

tribuneonlineng.com

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How Moniepoint customers can check eligibility for FG’s ₦50,000 relief support

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Moniepoint Microfinance Bank says eligible customers can now check their status and access the Federal Government’s ₦50,000 emergency relief support through its Unstructured Supplementary Service Data (USSD) channel.

The bank said in a statement issued on Wednesday that “customers could dial *5573*27# from their registered phone numbers and select the option to check their eligibility for the National Emergency Relief and Stabilisation Intervention (NERSI).”

It said customers confirmed as beneficiaries would be guided through the steps to accept the support and receive the funds into their Moniepoint accounts at no additional cost.

The intervention, led by the Federal Ministry of Humanitarian Affairs and Poverty Reduction, is designed to provide direct financial assistance to vulnerable households to help them meet essential needs amid prevailing economic pressures.

On Tuesday, PUNCH Online reported that that FG had begun payment to eligible Nigerians.

Moniepoint said it was “among the payment providers selected by the Federal Government to facilitate the disbursement of the relief funds.”

It explained that beneficiary selection was based on the government’s eligibility criteria and verification processes, which relied on verified national identity records and the National Social Register.

The bank noted that the programme was being implemented in phases across the country, adding that not all customers would qualify or be selected at the same time.

What moniepoint customers should know?

Babatunde Olofin, Managing Director and Chief Executive Officer of Moniepoint Microfinance Bank, said the “bank was pleased to support eligible customers in receiving assistance under the government initiative.”

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Olofin said Moniepoint would deploy its technology and financial infrastructure to make the process accessible, seamless and secure.

He urged “customers to use only the bank’s official USSD channel when checking their eligibility or accessing the funds.”

He added that the process required “no additional payment, documentation or third-party intervention.”

The bank also advised customers with enquiries to contact its customer service team or the NERSI helpdesk.

Moniepoint said its nationwide network of financial services infrastructure, including Point-of-Sale terminals across the country’s 774 local government areas, would support efforts to extend access to the intervention.

Source: punchng.com

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$196m NIN funds unspent, FG seeks extension

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The Federal Government has requested another 12-month extension of Nigeria’s $430 million digital identity project as approximately $196m of its financing remains undisbursed and National Identification Number (NIN) issuance trails the target by 59 million.

This is contained in a World Bank restructuring paper dated 22 October, 2026, obtained by The PUNCH from the bank’s website on Wednesday.

The proposed extension would move the Nigeria Digital Identification for Development Project’s closing date from 31 December, 2026, to 31 December, 2027.

“The proposed Level 2 restructuring seeks to extend the project closing date by 12 months, as requested by the Government on May 8, 2026,” the report stated.

“This would be the third closing date extension under this project since Board Approval in February 2020, for the cumulative period of 42 months (3.5 years).”

The project was originally scheduled to close in June 2024 before receiving a six-month extension and another two-year extension.

An analysis by The PUNCH showed that approximately $196m, representing 45.6 per cent of the financing, remained undisbursed after total disbursements reached about $234m.

“The overall project disbursement rate inclusive of co-financiers stands at approximately $234m or 54.4 per cent,” the bank stated.

The financing comprises $115m from the World Bank’s International Development Association, $100m equivalent from the French Development Agency and $215m equivalent from the European Investment Bank.

The undisbursed balance therefore covers all three financiers. The report’s financing summary separately puts IDA’s undisbursed balance at $18.83m.

Approved in February 2020 and effective from December 2021, the project seeks to expand access to identification and services through a secure, inclusive national identity system.

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However, about 121 million people had received NINs by September 30, 2026, against the 180 million target, leaving a shortfall of 59 million.

Although this represents an increase of approximately 84 million from the baseline, NIMC must substantially accelerate enrolment to meet the target.

“NIMC reconfirmed the commitment to reach the target of 180 million noting that this would require an increase in monthly enrollment rates from the current average of 1.5 million to 3.9 million,” the report stated.

This implies a 160 per cent increase in monthly enrolment.

The bank also distinguished enrolment records from successfully generated NINs, noting that more than 140 million enrolments had been recorded by September 14, but only 121 million had completed biometric and demographic validation and duplicate checks.

Women and children remained behind their respective targets. As of June, 40.4 million women and girls had NINs against a target of 79 million, while 26.3 million children under 16 had NINs against 60.83 million.

The report identified unpaid enrolment partners as another constraint, stating that the billing system must produce audited payment reports to enable payments to partners “which have not been paid since January 2026.”

Other priorities include deploying 7,000 procured mobile devices by January 2027, training agents, expanding ward-level enrolment nationwide and beginning school enrolment by December 2026.

The ward campaign had generated 10 million NINs since March, according to the report.

A major reason for the extension is the delayed replacement of NIMC’s existing technology with the National Identity Management System 2.0.

The contract was signed on September 15, 2026, following lengthy procurement. Implementation, normally requiring approximately 18 months, was compressed into 15 months, with full deployment and data migration scheduled for December 15, 2027.

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The new platform would replace fragmented proprietary systems with an open-source system designed to improve capacity, interoperability and data protection.

Although NINAuth was launched in May 2025, the project’s digital authentication targets remained unmet pending integration into the new platform.

The bank warned that failure to extend its involvement would also halt implementation by the other financiers.

“If the project is not extended by WBG, all other co-financiers will also close,” it stated.

Source: punchng.com

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Read how FG selects beneficiaries for N50,000 relief

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The Federal Government has explained how it selects beneficiaries for its N50,000 cash relief under the National Emergency Relief and Stabilisation Intervention.

The clarification comes as payments continue and many Nigerians seek to understand how the government identifies recipients and determines their eligibility.

According to information on the Federal Ministry of Humanitarian Affairs and Poverty Reduction’s NERSI website, sighted by PUNCH Online on Wednesday, beneficiaries are selected from verified national identity records and the National Social Register.

“Beneficiaries are selected from verified national identity records and the national social register, then screened to reach poor and vulnerable households,” the website states under its eligibility and selection section.

The National Identification Number (NIN) is issued by the National Identity Management Commission (NIMC) after enrolment.

It is used to verify an individual’s identity and is linked to the mobile wallet through which selected beneficiaries receive the relief.

The National Social Register (NSR), on the other hand, is a database of poor and vulnerable households in Nigeria, coordinated by the National Social Safety-Nets Coordinating Office.

According to NASSCO, the register contains data on more than 70 million individuals.

It said registering vulnerable persons is a multi-process activity that begins with states identifying their poorest local government areas and communities, after which trained teams work with residents and community leaders to identify vulnerable households.

The identified households are then registered digitally and assessed using poverty indicators.

Those ranked within the bottom six deciles may qualify for inclusion in the National Beneficiary Register, which is used for programmes such as cash transfers.

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Enrollment in both NIMC and NSR is a prerequisite for being selected for N50,000 cash relief, according to NERSI.

However, the office does not provide further details on the specific screening criteria used to determine relief recipients.

It stresses that Nigerians cannot apply or pay to be included in the beneficiary list.

“You cannot apply or pay to be added,” the website says. “Not everyone is in the first group. Your data is used only for this programme.”

The Humanitarian Assistance Programme is described as the Federal Government’s shock-responsive cash transfer initiative for poor and vulnerable households. It provides financial support through mobile wallets.

“Under NERSI, selected beneficiaries receive support of ₦50,000 into a mobile wallet,” the website explains. “It is a grant from the Federal Government. You do not pay it back.”

According to the office, selection is based on need and covers all six geopolitical zones, regardless of religion, ethnicity or political affiliation. Payments are made in phases, meaning beneficiaries are not contacted at the same time.

PUNCH Online reported that the Minister of Humanitarian Affairs and Poverty Reduction, Dr Bernard Doro, announced the commencement of disbursement in a statement on October 30.

Nigerians can check if they are selected through the approved providers by dialling their USSD codes: ALAT by Wema (*945*23#), MoMo PSB (*671*0#), NairaGram (*726*00#), OPay (*955*20#) and Moniepoint (*5573*27#).

Source: punchng.com

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