The prices of livestock in Artisan Market, Enugu State, have skyrocketed, the News Agency of Nigeria (NAN) reports.
According to a market survey conducted by a NAN correspondent on Wednesday, traders attributed the price increase to high demand resulting from the Christmas and New Year celebrations.
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Some attributed it to the high cost of transportation.
A ram dealer in the Artisan Market, Abdul Isam, stated that the prices were high due to inflation and the high cost of transportation.
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Amino Tarry, a cattle dealer, said the prices were high because people were afraid to travel to the northern part of Nigeria to buy livestock due to concerns about insecurity.
Jude Oba, a poultry dealer, said that the prices were high because production could not meet demand.
A buyer in the market, Jane Okolie, stated that she purchased broilers for between N15,000 and N20,000, depending on the size.
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“I believe that the cause of the recent increase is due to the festive period, high cost of feeds and transportation,” she said.
NAN reports that a cow was sold for between N1.2 million and N2 million, depending on its size and breed. Previously, a cow was sold for between N800,000 and N1 million, depending on its size and quality.
A goat is now sold between N150,000 and N200,000, depending on its size, as against N80,000 and N120,000.
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