The prices of rams and pepper have recorded sharp increases across markets in Nigeria, with some rams reportedly selling for nearly N1 million while pepper prices have jumped by as much as 200 per cent.
Traders and consumers say the steep rise in prices is being driven by inflation, transportation costs, insecurity affecting farming and livestock supply routes, as well as increased seasonal demand.
Livestock sellers noted that the cost of feeding, transporting, and maintaining animals has risen significantly in recent months, forcing many traders to adjust prices upward. Some buyers, however, have expressed concern over affordability, saying current market prices are beyond the reach of many households.
Pepper traders have also blamed poor harvest yields, supply shortages, and rising logistics expenses for the sharp increase in prices. The development has affected both wholesale and retail markets, with consumers reporting higher food preparation costs.
Economic analysts say the surge reflects broader inflationary pressures affecting Nigeria’s food supply chain and agricultural sector. They warn that continued increases in the prices of staple commodities and livestock could further weaken consumer purchasing power and worsen the cost-of-living crisis.
The situation has sparked renewed calls for government intervention to stabilise food prices, improve agricultural support systems, and address insecurity affecting food production and distribution across the country.
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