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Butchers decry high cost of cattle, want govt’s intervention
Butchers decry high cost of cattle, want govt’s intervention
Some butchers in the Federal Capital Territory (FCT), have decried the continuous hike in the price of cattle, saying the development has made the business frustrating.
Some of the butchers in various markets in the FCT also appealed to government at all levels to intervene by supporting them with soft loans.
Mr Sunday Godwin, a butcher who spoke to the News Agency of Nigeria (NAN) in Abuja on Sunday, said the business was no longer profitable like before.
Godwin said that although they reviewed upward the price of meat per kilogramme, the butchers were still not meeting up with the prices from the owners of the cattle.
”Due to the high cost of cow that we buy from our Fulani customers, we increased from N4,000 to N4,500 per kilogramme of meat.
”When the price became so high again, we increased to N5,000 and some are selling at N5,500 and that is the situation now.
”We are not happy because most of our customers don’t buy anymore. Most of us sell and don’t recoup our capital that we used to buy the meat.
”This is affecting us,” he said.
Mr Victor Chukwuemeka, another butcher at Durumi market along Apo, told NAN that the cost of a male cow was between N800,000 and N900,000 depending on the size.
Chukwuemeka said that astronomical price increase had left butchering business shaky.
”The nature of this business now is just for us to do it and don’t stay at home.
”I would have stopped but just that I can’t go into another business at this my age.
”When we buy the little we can, we just sell and gather the money to buy another one.
”Sometimes, i will be struggling for the money i used in buying the meat to be complete first before I talk about profit,” he said.
Mr Destiny Ogada, a butcher at Karu market, said the high cost of cow meat had made him to switch to the sale of goat meat.
”I was selling cow meat before but when I could no longer buy it, I switched to goat meat so that I can still be doing something.
”The government should come to our aid. We need help either for the government to fix prices or support us with some funds,” Ogada said.
However, Mr Chukwudi Ibeh, a butcher at Gariki market said that in spite of the high cost, he still made some profits at the end of his sales.
NAN reports that a kilogramme of cow meat is currently sold at N5,000 as against the initial price of N4,000, while a kilogramme of cow intestine which sold at N3,000 now cost N4,000.
Cow leg which was formally sold for between N2,500 and N3,500 is now being sold between N5,500 and N6,000.
The head of a cow, which was sold for between N40,000 and N45, 000 was now.
”Due to the high cost of cow that we buy from our Fulani customers, we increased from N4,000 to N4,500 per kilogramme of meat.
”When the price became so high again, we increased to N5,000 and some are selling at N5,500 and that is the situation now.
”We are not happy because most of our customers don’t buy anymore. Most of us sell and don’t recoup our capital that we used to buy the meat.
”This is affecting us,” he said.
Mr Victor Chukwuemeka, another butcher at Durumi market along Apo, told NAN that the cost of a male cow was between N800,000 and N900,000 depending on the size.
Chukwuemeka said that astronomical price increase had left butchering business shaky.
”The nature of this business now is just for us to do it and don’t stay at home.
”I would have stopped but just that I can’t go into another business at this my age.
”When we buy the little we can, we just sell and gather the money to buy another one.
The head of a cow, which was sold for between N40,000 and N45, 000 was now being so between N60,000 and N70,000. (sold between N60,000 and N70,000).
Butchers decry high cost of cattle, want govt’s intervention
Students loan application portal opens May 24 – NELFUND
By Funmilayo Adeyemi
The Nigerian Education Loan Fund (NELFUND), has announced May 24 as official date for the opening of portal for student loan applications.
The Managing Director of NELFUND, Mr Akintunde Sawyerr, disclosed this on Thursday in a statement made available to newsmen in Abuja by the Fund’s Media and Public Relations Lead, Nasir Ayitogo.
Sawyerr said the opening of the portal marked a significant milestone in the commitment of President Bola Tinubu to foster accessible and inclusive education for all Nigerian students.
According to him, through the portal, students could now access loans to pursue their academic aspirations without financial constraints.
He added that the portal provides a user-friendly interface for students to submit their loan applications conveniently.
“We encourage all eligible students to take advantage of this opportunity to invest in their future and contribute to the growth and development of our nation,” he said.
Sawyerr urged students to access the portal on www.nelf.gov.ng to begin application.
Students loan application portal opens May 24 – NELFUND
NiMet predicts 3-day sunshine, thunderstorms from Sunday
The Nigerian Meteorological Agency (NiMet) has predicted sunshine and thunderstorms from Sunday to Tuesday across the country.
NiMet`s weather outlook released on Saturday predicted sunny skies on Sunday with patches of cloud over the northern region.
It forecast isolated thunderstorms are expected over parts of Katsina, Borno, Yobe, Adamawa, Kaduna, Kebbi, Jigawa and Taraba States during the morning periods.
According to it, isolated thunderstorms are anticipated over parts of Adamawa, Zamfara, Sokoto, Kebbi, Bauchi, Gombe, Kaduna and Taraba States later in the day.
“Cloudy skies with intervals of sunshine are expected over the North Central region with prospects of thunderstorms over Kwara, Niger, Benue and Kogi States during the morning hours.
“ Widespread thunderstorms are expected over parts of the Federal Capital Territory, Benue, Niger, Nasarawa, Plateau and Kogi States later in the day.
“Cloudy skies with intervals of sunshine are anticipated over the southern states with chances of thunderstorms over parts of Rivers, Akwa Ibom, Bayelsa, Cross River and Delta States during the morning periods, “ it said.
According to him, thunderstorms are anticipated over parts of Ebonyi, Enugu, Imo, Abia, Cross River, Akwa Ibom, Rivers and Delta States later in the day.
NiMet envisages sunny skies on Monday with patches of cloud over the northern region during the morning periods.
“ Later in the day, isolated thunderstorms are anticipated over parts of Kaduna, Adamawa and Taraba States.
“The North Central region should be cloudy with chances of isolated thunderstorms over parts of Kogi, Benue, Niger the Federal Capital Territory and Kwara States during the morning hours.
“In the afternoon/evening hours, isolated thunderstorms are expected over parts of the Federal Capital Territory, Niger, Plateau, Benue and Nasarawa States,“ it said.
According to it, the southern region should be cloudy with thunderstorms over parts of Edo, Ondo, Enugu, Imo, Anambra, Bayelsa, Rivers, Akwa Ibom, Cross River, and Delta States during the morning hours.
It anticipated thunderstorms over parts of Oyo, Ebonyi, Imo, Abia, Ekiti, Edo, Ogun, Ondo, Bayelsa, Rivers, Akwa Ibom, Cross River, and Delta States later in the day.
It predicted sunny atmosphere on Tuesday with patches of cloud over the northern region with prospect of thunderstorms over parts of Taraba during the morning hours.
It predicted isolated thunderstorms over parts of Kano, Katsina, Kaduna, Adamawa and Taraba States as the day progresses.
“ The North Central region should be cloudy with sunshine intervals with prospects of isolated thunderstorm over parts of Niger State during the morning hours.
“Later in the day, isolated thunderstorms are expected over parts of the Federal Capital Territory, Kogi, Kwara and Benue States.
“Cloudy atmosphere with intervals of sunshine is expected over the southern region during the morning hours,“ it said.
The agency predicted thunderstorms over parts of Lagos, Cross River, Akwa Ibom, Rivers, Delta and Bayelsa States later in the day.
NiMet urged the public to take adequate precaution as strong winds might precede the rains in areas where thunderstorms were likely to occur.
The agency also advised Airline operators to get updated weather reports and forecasts from NiMet for effective planning of their operations.
NiMet predicts 3-day sunshine, thunderstorms from Sunday
Fuel scarcity will soon be over, Senate leader assures Nigerians
The Senate Leader, Opeyemi Bamidele, has assured Nigerians that the fuel crisis experienced in the country will soon be a thing of the past.
Bamidele gave this assurance in an interview with newsmen on the sidelines of the Oil Technology Conference (OTC) in Houston, Texas, on Friday.
According to him, the legislature is working tirelessly to ensure that fuel scarcity and frequent queues at filling stations are resolved.
He said that there were plans to involve more private-sector players in the construction of new refineries.
“The Senate is working to ensure that more private-sector players are licensed to own and operate refineries.
“This is to support other smaller ones that are springing up in several parts of the country.
“In addition to licensing new refinery operators, the Federal Government and Senate are working to ensure that the existing refineries are turned around with repairs and replacement of parts carried out where necessary.
Bamidele said the Senate had gotten assurance from the Nigerian National Petroleum Company Ltd., (NNPC Ltd.) that two of its refineries in Warri and Port Harcourt would come on stream before the end of the year.
He also noted that the commitment to licensing new refinery operators and revitalising existing refineries remained vital for increasing domestic oil production.
Opeyemi maintained that the focus was to ensure that Nugeria meets its OPEC production quota.
He explained that achieving such milestones would provide more revenue for the government and halt lack and borrowings.
By enhancing local refinery capacity, the Senator said that the country could reduce its dependence on fuel imports, leading to a potential decrease in petrol prices.
He explained that what drives pricing is the ability to meet demand in the face of every product, finding its level and place in a free market.
Also speaking, the Chairman,
Senate Committee of Downstream, Sen. Ifeanyi Ubah, said the last Turn Around Maintenance (TAM) that happened at the refineries was about 15 years ago, which led to the comatose state of the facility.
Ubah said that the non-deregulation of the downstream sector had put undue pressure on NNPC Ltd., as the entire industry depends on company for its petroleum needs.
He pointed out that no country could meet its energy needs by having a single entity; importing its petroleum product needs.
However, to be self-sufficient, Ubah urged the government to create a cluster of five to eight modular refineries within the riverine communities.
Fuel scarcity will soon be over, Senate leader assures Nigerians
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