High cost of transportation affects price of livestock

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The Miyetti Allah Cattle Breeders Association of Nigeria has attributed the current hike in prices of livestock and livestock products to the prevailing exchange rate and high cost of fuel.

The National President of MACBAN, Mr Baba Ngelzarma, who spoke with Newsmen on Friday in Abuja, said surge in transportation price negatively affected the livestock business.He said that a lot of the pastoralists and retailers had lost their businesses due to lack of purchasing power.

“Generally, inflation in the country, high cost of petroleum and escalating price of dollar are the contributing factors to high cost of cow across the country because prices of cow feed and medications have increased astronomically. He said that government must prioritise subsidy on consumables for easy access and affordability by the general public.

He said there had been instances where some of their colleague were kidnapped and killed in the forest in the verge of buying cows.

 

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