Miyetti Allah Seeks Federal Loans for Butchers to Reduce Beef Prices

Miyetti-Allah Fulaku Yeso Yeso Development Association has called on the Federal Government to provide loans for butchers across the country to help lower the rising cost of beef and other meat products.

Speaking with the News Agency of Nigeria, the association’s National Security Adviser, Comrade Pariya, said many butchers rely on middlemen because they lack the funds to buy cattle directly from livestock farmers.

He said the middlemen often resell cows at much higher prices, making beef more expensive for consumers. According to him, large cows sold for between N500,000 and N750,000 at livestock markets are later resold for as much as N1.5 million, depending on the location.

Pariya said government-backed loans would allow butchers to buy cattle directly from farmers at livestock markets, which he believes would reduce meat prices nationwide.

He also listed insecurity and transportation costs as factors affecting cattle prices, while Ibrahim Mohammed added that the rising cost of veterinary drugs, vaccines, consultation fees and shortage of grazing land are also contributing to the increase in beef prices.