Cattle prices soar, butchers say cows now cost more than cars
Alhaji Bamidele Kazeem, Patron of the Lagos State Butchers Association, has raised concerns about the sharp increase in cow prices in Lagos. He noted that cows now sell for as much as ₦2.5 million, compared to about ₦1.7 million in 2025. The rising costs are attributed to insecurity, higher transportation expenses, and delays in local ranching projects. Kazeem urged the government to accelerate ranching initiatives to help stabilize prices and support the meat industry.
TLDR
- Alhaji Bamidele Kazeem reported that cow prices have risen from about ₦1.7 million in 2025 to as high as ₦2.5 million.
- He said a car bought for ₦2.1 million in 2020 is now cheaper than a cow.
- The price hike is blamed on insecurity, increased fuel prices, and delayed ranching programmes.
- Kazeem stated that local cattle supply is insufficient due to unstarted feedlot and ranching projects.
- He called on the government to speed up the Eko Ranching project to help reduce costs and boost local supply.
