A recent market survey by Nairametrics has indicated a substantial rise in the prices of rams in Abuja ahead of the Eid-el-Kabir celebration, with some animals now costing as much as N1.5 million. This increase is attributed to several factors, including inflation, elevated transportation costs, ongoing insecurity, and surging expenses related to animal feed. Traders have noted that the current prices are significantly higher compared to the previous year, reflecting the broader economic challenges faced in the region.
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