Kwara Ram Sellers Attribute High Prices to Fuel Subsidy Removal
According to a news report from Vanguard, ram sellers in Kwara State, including areas such as Offa, Ajase Ipo, and Ilorin, have linked the current high costs of rams to the increased prices of petrol and diesel following the removal of the fuel subsidy.
This significant price hike has sparked discussions about the impact of fuel subsidy removal on transportation costs and, consequently, on the prices of goods, including livestock.
In separate interviews with a Vanguard correspondent, ram sellers confirmed this development. Hassan Ojuolape, who sells rams of various sizes at the Kara market in Ajase Ipo, stated that the price hike compared to last year is a result of the federal government's removal of the fuel subsidy.
“Last year prices were expensive as far as we are concerned, but that of this year is just too much and we know the prices wouldn’t have been this high if not for the removal of fuel subsidy.
“Transportation costs of the rams from fat North have seriously added to the increase in prices of the rams this time around and this is where the federal government comes in. Rams that we sold at 70,000,80,000 last year are now being sold at 150,000.upward.”
Similarly, Usman Adio who sells rams at central market in Offa told Vanguard correspondent that sales this year have been poor and attributed it to hike in prices and transportation costs from far north to Offa.
“Returning the unsold rams would be a bigger loss, that’s why we are urging federal government to look into our transportation system and make it easier for the masses,” Adio said.
But speaking in an interview with Vanguard correspondent Musa Kennike, who is the Vice Chairman of the Kwara State Association of Ram, Goat, and Sheep Sellers at Mandate Market, Ilorin also explained that the importation of rams into the North from other countries is limited due to numerous challenges.
He explained that despite the high costs, ram sellers at the Mandate Market have tried to lower prices to encourage customers.
“We have brought down the prices as low as fifty, sixty, and seventy thousand naira, with some rams even going for a hundred, two hundred, and up to four hundred thousand naira to make them more affordable for our customers,” said Kennike.
However, buyers are feeling the pinch. as Mr. Ismail Saka, a customer at the market, expressed his concerns about the increased costs.
“A medium-size ram that was sold for about seventy thousand naira last year is now between N110,000 and N120,000,” he lamented.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Yeketi Taofik Abiodun Ahmed Awoye Toyin Sanusi Adesoye Islamic Development Bank Borgu Gbenga Olawepo Omoniyi Hikmah AbdulKareem Idris Garuba Segun Abifarin Isiaka Yusuf Mohammed Katsina Ahmed Harrison Osauwagboe Saliu Mustapha AbdulRazaq Abubakar Jiddah Sheriff Shagaya Abdulkadir Jimoh Ali Ahmad Ibrahim Oloriegbe Wahab Issa Gbemisola Saraki Senior Staff Union Of Colleges Of Education AbdulQowiy Olododo IFK Baba Issa NURTW Ilorin West/Asa Federal Constituency Segun Olawoyin Ahmad Olanrewaju Belgore Shehu Jimoh Oniwasi Agbaye Abdulrauf Yusuf Junior Secondary School Certificate Examinations Haliru Dantoro National Association Of Nigerian Students John Dara Age AbdulKareem Alfa Modibo Belgore Kumbi Titiloye Yakubu Danladi Kwara South Chief Imam Of Offa Ishola Abdullahi Seed Technologies Patigi Regatta Bolakale Saka Abdullateef Abdussalam Ramadhan NIPR Yusuf Amuda Abubakar Ahmed Dankaya Abdulrazaq Magaji Tunji Olawuyi Oluwatoyin Lukman Oni Adebayo Charcoal Razak Atunwa Balogun Gambari Babajide Ajayi Daud Adeshola Frootify Owode Market Shade Omoniyi Adam Abdullahi Al-Ilory Shuaib Jawondo LABTOP Chemiroy Nigeria Limited Henry Olaosebikan CCB Mohammed Abduraheem Maryam Ado Bayero Ajia-Bako Aminu Adisa Logun Muhammad Mustapha Suleiman Ladi Hassan