{"id":14058,"date":"2025-06-05T07:44:19","date_gmt":"2025-06-05T07:44:19","guid":{"rendered":"https:\/\/www.funminews.com\/?p=14058"},"modified":"2025-06-05T07:44:59","modified_gmt":"2025-06-05T07:44:59","slug":"ram-sales-plummet-in-lagos-and-ogun-as-prices-soar-amid-economic-downturn","status":"publish","type":"post","link":"https:\/\/www.funminews.com\/index.php\/2025\/06\/05\/ram-sales-plummet-in-lagos-and-ogun-as-prices-soar-amid-economic-downturn\/","title":{"rendered":"Ram Sales Plummet in Lagos and Ogun as Prices Soar Amid Economic Downturn"},"content":{"rendered":"\n


The Eid-El-Kabir celebration is just around the corner, but ram sellers in major markets across Lagos and Ogun States are facing a tough time. Despite having ample stock of rams, traders are experiencing low patronage due to rising costs and the current economic downturn.

In interviews conducted on Wednesday, traders revealed that sales have drastically dropped compared to last year. Rabiu Abubakar, a trader at the Ibafo market, noted the stark difference in sales, saying, \u201cIf you were here this time last year, you wouldn\u2019t see people sitting idly like this. Last year\u2019s sales were impressive, but this year, they\u2019re very slow.\u201d

Price Increase<\/strong>

The cost of rams has risen by more than 50%, with animals that previously sold for \u20a6150,000-\u20a6180,000 now priced between \u20a6250,000 and \u20a6280,000. Sabo Sheu, another seller, echoed similar concerns, stating that the high cost of transporting rams from the North to the South has also driven up prices. \u201cCustomers are complaining about the prices, and it\u2019s affecting sales. Before, we used to sell our rams quickly, but now we just sit, waiting.\u201d

At the Agege abattoir, a PUNCH correspondent observed a quiet market, with few customers in sight. Trader Olalere Oriyomi reported a price jump of \u20a650,000 to \u20a6100,000 per ram compared to last year. \u201cUsually by now, this place would be packed. But people just aren\u2019t coming. Rams that sold for \u20a6350,000 last year are now going for \u20a6500,000.\u201d

Reasons for Price Surge<\/strong>

Abu Muhammed, another seller, attributed the price surge to the escalating cost of animal feed, saying, \u201cFeeds are very costly, and it\u2019s a big part of why rams are expensive this year.\u201d In Kara market along the Lagos-Ibadan Expressway, Idris Ishera expressed disappointment at the market\u2019s dullness despite having a large supply of rams. \u201cThis year, we have many rams, but no market. The cheapest ram is \u20a6250,000, and some even cost as much as \u20a61 million.\u201d

Government Response<\/strong>

The Ogun State Government has reaffirmed its commitment to public safety during the celebration. The Special Adviser to the Governor on Media and Strategy, Kayode Akinmade, stated that while the government does not regulate market prices, it is collaborating with security agencies to ensure residents\u2019 safety. \u201cWe urge everyone to avoid speeding and celebrate safely.\u201d

The Federal Government has declared Friday, June 6, and Monday, June 9, as public holidays to mark the Eid celebration. Despite the challenges, some buyers are purchasing rams simply out of obligation to the religious tradition, rather than financial ease. \u201cMany people are buying only because they feel they have no choice. It\u2019s a long-standing Sallah tradition,\u201d said a trader who chose to remain anonymous.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Eid-El-Kabir celebration is just around the corner, but ram sellers in major markets across Lagos and Ogun States are facing a tough time. Despite having ample stock of rams, traders are experiencing low patronage due to rising costs and the current economic downturn. In interviews conducted on Wednesday, traders revealed that sales have drastically […]<\/p>\n","protected":false},"author":6,"featured_media":14057,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,3],"tags":[],"class_list":["post-14058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-naija-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.funminews.com\/wp-content\/uploads\/2025\/06\/IMG-20250605-WA0091.jpg?fit=739%2C415&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts\/14058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/comments?post=14058"}],"version-history":[{"count":1,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts\/14058\/revisions"}],"predecessor-version":[{"id":14059,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts\/14058\/revisions\/14059"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/media\/14057"}],"wp:attachment":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/media?parent=14058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/categories?post=14058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/tags?post=14058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}