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Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 - Food - Nairaland

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Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by References1: 9:53pm On Jun 11
Amidst the upcoming Eid-El-Kabir festival, ram sellers in Badagry, Lagos State, are grappling with sluggish sales as costs increase to as much as N750,000 for a large ram.

This is according to a report by the News Agency of Nigeria, showing the current realities of the bellowing economic hardship in the country.

In places such as Alaba, Ajibade, and Agbalata ram markets there are significant variations in the cost of rams, leaving both sellers and buyers frustrated.

In the Alaba ram market, a large ram sells for a hefty price of N750,000, while medium-sized rams range between N350,000 and N400,000.

Smaller rams are priced from N150,000 to N200,000. The situation is slightly different in the Agbalata market, where big rams are sold for N400,000 to N450,000, medium-sized rams for N250,000 to N300,000, and smaller ones for N120,000 to N150,000.

What the ram sellers said
Reports show that in Ajibade ram market in Aradagun, another seller, Belawu Ajadi highlighted the compounded costs of feeding and transporting the rams as factors contributing to high prices.

“Customer turnout is low compared to last year. By this time in 2023, I had sold over 50 rams; this year, I’ve sold just ten,” Ajadi said. Despite the economic downturn, he remains hopeful that sales will pick up as the festival approaches.

The buyers, too, are feeling the pinch. Yusuf Ajadi, shopping at Alaba market, recounted how prices have more than doubled.

“In 2023, I bought two rams for N280,000. Today, a medium-sized ram costs me N400,000, making it unaffordable to buy two,” he said. Another buyer, Alhaji Taoreed Ajape, expressed shock at the inflated prices. “I came from Ikoga, Badagry, expecting better deals. The ram I bought for N100,000 last year now costs N220,000,” he shared, indicating that he might have to return after securing more funds.

Economic strain and buyer hesitation
Alhaji Abdul-Salam Hassan, a ram seller at Alaba market, attributed the steep prices to high transportation costs. “I spent N1.5 million transporting my rams from Sokoto State. I need to recoup these costs to make a profit,” he explained. Despite bringing 300 rams to the market since June 5, Hassan has sold fewer than ten. “Many buyers inquire about prices but fail to return,” he lamented.

Hassan also noted that while last year’s prices were considered high, this year’s have skyrocketed due to the removal of fuel subsidies, which has significantly increased transportation costs.

Context
The situation in Badagry reflects broader economic challenges affecting Nigeria. Nigeria currently battles a cost of living crisis with inflation at a 28-year high of 33.69% and food inflation almost at 34%.

Prices of staple food across the country, especially grains, have seen an almost 100% increase since last year because of disruption in global supply chains due to conflicts in the Middle East and Europe.

In July last year, Russia withdrew from the United Nations Black Sea grain deal that allowed free passage of grains to Sub-Saharan African countries, including Nigeria. Furthermore, the disruption of cargo traffic around the Black Sea by Houthi rebels also contributed to an increase in food prices.

Furthermore, the removal of fuel subsidy by President Tinubu earlier in his administration significantly increased transport prices across the country which contributed in no small measure to the rising food prices.

Also, the depreciation of the naira following the unification of the foreign exchange market in June contributed to the high inflation levels as food imports became more expensive.

The naira has depreciated by over 100% on the official market since the unification of the forex market in 2023.

https://nairametrics.com/2024/06/11/sallah-ram-costs-jump-to-n750000-sellers-lament-poor-sales-in-badagry/?fbclid=IwZXh0bgNhZW0CMTEAAR1HXEKoxNQuZJG_87yTh3Fyh0donm3v8ZYKXv2u45-kMQ9SO-2f1wNjkSM_aem_AU-ObgUit8BLW8gLjm_CbrnymET-7y6O7oHGGJk8P1RAGjrBiAYfR94t2DJVdyHAp15XSNGUKWbYyrMKMp8RRBV9

4 Likes

Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by Felabrity: 10:02pm On Jun 11
The result of Muslim Muslim ticket and voting a druglord

Hope you have all learnt your lessons?

420 Likes 28 Shares

Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by Matrixoba: 10:02pm On Jun 11
Hmmm 🤔🤔🤔🤔
Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by ibtommy(m): 10:02pm On Jun 11
Dfggg
Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by Heroicvic(m): 10:02pm On Jun 11
God will see us through
Sike😂😂😂

God won’t see us through just kidding
But we can fix it though come next election

56 Likes 3 Shares

Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by Jokerman(m): 10:02pm On Jun 11
Lol .. dem better go buy cut and join meat from eleran

95 Likes 6 Shares

Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by obinnajohnson: 10:02pm On Jun 11
Shettima will handle security while Tinubu will handle the economy.

278 Likes 13 Shares

Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by ibtommy(m): 10:02pm On Jun 11
Wahala dey

6 Likes 1 Share

Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by Orion2603: 10:02pm On Jun 11
Haba, what's wrong with Nigerians. Greed and selfishness as turn Nigerians to something else.

25 Likes 2 Shares

Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by ubimagos: 10:03pm On Jun 11
Eat the rams yourselves!

75 Likes 4 Shares

Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by Internetsombody: 10:03pm On Jun 11
Hmm

4 Likes

Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by LeopardX: 10:03pm On Jun 11
Well some Muslims have already decided to eat chicken this time around.

Meanwhile, expect generosity and meat sharing to drastically reduce this year.

That said, the economy is a mess and it affects everyone regardless of tribe and religion.

88 Likes 5 Shares

Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by ibtommy(m): 10:03pm On Jun 11
Jokerman:
Lol .. dem better go buy cut and join meat from eleran
.

Na by force to chop eran ileya nih? Eran gbese

7 Likes

Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by gbaskiboy: 10:03pm On Jun 11
Omo we go paint this Ileya with red, who's with me?

1 Like

Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by Kwaramustgoodag: 10:04pm On Jun 11
Make them go do ritual to buy ram abi

6 Likes 3 Shares

Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by NSK4U(m): 10:04pm On Jun 11
Impostor in Aso Rock without people's support cannot improve anything

40 Likes 2 Shares

Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by yemmit90: 10:04pm On Jun 11
Nigerians get mind o.

RAM for 750k, who the hell place such price on a ram.

85 Likes 2 Shares

Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by xamuel17(m): 10:04pm On Jun 11
2GB RAM

46 Likes 4 Shares

Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by DARLINGTON869(m): 10:04pm On Jun 11
750k for ram wey the meat no dey sweet sef. I go commot 250k for the money, use am buy the 2 biggest he goats I can find. I goat for my immediate family and the other for guests. I cannat come and kee myself.

61 Likes 1 Share

Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by Matheusmartin: 10:04pm On Jun 11
..
Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by Flame333: 10:04pm On Jun 11
You are giving a country to rule instead you ruined the country

22 Likes 2 Shares

Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by phemmie06(m): 10:04pm On Jun 11
1 Ram 750K...... It shall favour me and my family gang where are you. How many of you this price don favour and it is a matter of do or dai for una

55 Likes 1 Share

Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by Toosure70: 10:04pm On Jun 11
Nawa o 750 bawo
Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by Kutunban: 10:05pm On Jun 11
Too high
Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by schweinsteiger: 10:06pm On Jun 11
I rather buy 64gb ram 🐏 grin grin grin

Ronu, Judiciary and Inec well done o. Thank you ooo for making the idiots learn the hardware.

71 Likes 5 Shares

Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by xyrexzmanto: 10:06pm On Jun 11
Wishing d seller's and buyers all d best

5 Likes 1 Share

Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by GboyegaD(m): 10:06pm On Jun 11
I am guessing these rams were fed with golden grass.

I understand things are very pricey of late however, the part I do not understand is how this impacted the cost of feed to the point where a ram now cost this much. My hope is that people live within their means and not go out of their way to compete.

41 Likes 1 Share

Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by israelmao(m): 10:06pm On Jun 11
There's a special market for Emilokan's supporters.

32 Likes 1 Share

Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by Dubetex96(m): 10:06pm On Jun 11
The price of this ram does not reflect the reality of whole Nigeria.

Things are extremely costly and tough in the country.

1 Like

Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by FreeStuffsNG: 10:07pm On Jun 11
Next year the sellers will say this year, sales was better. If you seriously want to slaughter ram, you will not wait until this peak period to buy it.

18 Likes 2 Shares

Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by TechCapon(m): 10:07pm On Jun 11
Rams that eat just grass and drink water is priced at one million. We're just our own problem, no need to blame bad government for everything

38 Likes 7 Shares

Re: Sallah: Sellers Lament Low Patronage As Ram Costs Jump To ₦750,000 by Remman(m): 10:07pm On Jun 11
Them import them?
See wetin rich overnight dey do us for this country!

9 Likes

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