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Nigeria Faces Higer Ram Prices During Festival Season

Nigeria Faces Higer Ram Prices During Festival Season

EID SALES009 Cows and rams on sales, as Muslims prepare for the celebration of Eid-El-Kabir, at the Kara cattle market, Isheri, Ogun State… on Thursday. Photo: Stanley Ogidi

(3 Minutes Read)

 The traditional ram market in Kara, Ogun State, typically a vibrant hub of activity, is facing an unprecedented slowdown; ram prices have doubled — and in some cases tripled — compared to last year.

As Muslims across Nigeria prepare for Eid al-Adha, the rising cost of living is casting a shadow over celebrations. The price of rams – central to the festival’s traditional animal sacrifice – has surged dramatically, leaving many families struggling to keep up.

The traditional ram market in Kara, Ogun State, typically a vibrant hub of activity, is facing an unprecedented slowdown; ram prices have doubled — and in some cases tripled — compared to last year. For many, the cherished tradition of sacrificing a ram during Eid al-Adha, a powerful act of faith and gratitude, is now slipping out of reach.

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As the Eid festivities draw near, there’s a growing concern that the high cost of living will dampen the celebratory spirit as what was once a proud family ritual becomes a financial burden few can bear. Since 2023, President Bola Tinubu’s fiscal policies have triggered the worst cost-of-living crisis, fuelling an inflation rate of more than 23%.

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