As Eid al-Adha nears, many Nigerian Muslim households face steep pageant prices. In Ogun State’s Kara market, sacrificial ram costs have surged from round ₦200,000 in 2024 to over ₦600,000–₦700,000 in 2025, a threefold enhance. 

At common abattoir markets in Lagos, a ram is now offered for ₦600,000 to ₦1.2 million. In the meantime, tomatoes and peppers have climbed by 50–70% in main markets.

Over 36 million folks in West and Central Africa already wrestle to afford primary meals; this quantity could attain 52 million through the June–August lean season.

Hovering Ram Costs

• 2024 vs. 2025: Medium rams in Kara offered for ~₦200,000 final 12 months. In June 2025, they fetch between ₦600,000–₦800,000. Some massive rams now exceed ₦1,000,000.
• Drivers of the Spike:
  1. Niger’s Export Ban: Early 2025 border closure lower off key livestock imports.
  2. Feed & Transport Prices: Feed costs rose over 40% year-on-year; gas and transport bills climbed equally.
  3. Insecurity within the North: Banditry decreased grazing areas in Borno and Zamfara, shrinking provide.
  4. Naira Depreciation: A 20% drop within the naira between mid-2024 and mid-2025 made imported inputs costlier.

Spiking Vegetable Costs

• Tomatoes:
  1. June 2024: ₦2,302 per kg on common—a 320.7% leap from ₦547 in June 2023.
  2. Might–June 2025: A basket soared from ₦60,000 in Might to ₦70,000 in June, up 16.7% in a single month.
• Peppers:
  1. Early 2024: Three items price ₦100–₦500. By mid-2024, they have been ₦1,000–₦2,000.
  2. June 2025: A big bag now sells for ₦150,000—400% greater than the earlier 12 months.
• Provide Disruptions:
  1. Mokwa Bridge Collapse (Might 2025): Severed north-south route, driving up transport charges.
  2. Pest Infestations: Tomato blight and pepper wilt in Kaduna and Niger State slashed yields.
  3. Excessive Enter Prices: Imported fertilisers and pesticides rose with meals inflation at 36.38% in June 2024.
  4. Seasonal Shortage: Finish-of-harvest shortages earlier than new crops hit the market.

Regional Meals Insecurity

• Present Pressure: Over 36 million folks in West and Central Africa lack sufficient meals as of mid-2025.
• Lean Season Projection: As much as 52 million may face starvation between June and August 2025.
• Home Impression: In Nigeria, the place 38.4% reside beneath the poverty line (₦158,000/12 months), the mixed price spikes drive not possible selections between spiritual obligations and every day meals.

Financial & Coverage Context

1. Gas Subsidy Removing (Might 2023): Transportation prices rose over 50% by April 2024, cascading into greater meals costs.
2. Inflation: Headline inflation averaged 24.6% in 2024; meals inflation hit 30.3% in June 2024.
3. Foreign exchange Restrictions: Tighter controls restricted greenback entry for important farm inputs.
4. Rural Insecurity: Banditry within the North displaced farmers and lower livestock manufacturing; over 70% of farms stay rain-fed, leaving them weak to drought and floods.

Potential Reduction Measures

1. Emergency Livestock Imports: Reopening borders to rams from Benin or Burkina Faso to spice up provide.
2. Worth Stabilisation Funds: Subsidise feed or supply low-interest loans to northern herders, growing native livestock shares.
3. Infrastructure Repairs: Urgently repair Mokwa Bridge to chop transport prices (estimated WFP financial savings of 30%).
4. Focused Money Transfers: One-off stipends (≈₦150,000) to weak households for minor sacrifices, aligning with spiritual exemptions.
5. Help for Native Manufacturing: Put money into greenhouse farming and trendy ranching, on condition that 70% of farms are rain-fed, to cut back future shocks.