The price of cattle has witnessed an over 100 per cent increase.
The insurgency in Northern Nigeria has caused a 70 per cent decrease in the supply of cattle to markets in Kaduna leading to an over 100 per cent increase in prices, a cattle dealer at Zango Cattle Market, Maishanu Na-Bello, said on Wednesday.
Mr. Na-Bello, who is also the Sarkin Fulani (leader of the Fulani cattle dealers) of the market, said in an interview in Kaduna that an average bull now goes for between N80, 000 and N200, 000 as against N30, 000 to N60,000 before the crises escalated.
He said 110 trucks of cattle were supplied to the market daily before Boko Haram insurgents took over parts of the north.
Mr. Na-Bello said the supply had now drastically gone down to a “paltry 60 trucks weekly”.
He said the major supply route were Yobe, Borno and Chad Republic, adding that since the crises started, the cattle dealers had to explore other routes, adding that the bulk of the cattle now came from Mai’adua and Jibia markets in Katsina State.
Borno and Yobe are two of the three states where President Goodluck Jonathan declared a State of Emergency to check the insurgency; the third being Adamawa.
He also said the cost of conveying the cattle to the market had gone up.
According to him, a truck load of cattle which used to cost N30,000 from Damaturu to Kaduna two years ago, now attracts up to N120,000, while Katsina to Kaduna now cost N50,000 as against N15,000.
Another trader, Abdullahi Mohammad, however, said that the prices of goats and rams have remained stable and were not affected by the security situation.
“The price is usually seasonal. During the rainy season an average ram goes for about N12, 000 and the same size may attract N14,000 or more in the dry season,” he said.
Mr. Mohammed called on Nigerians to be law abiding and to pray for peace in the state and the country.