Gov Abba Yusuf of Kano State
Weekly transaction in Falgore Cattle Market hits N1bn
Traders at the Falgore Cattle Market in Kano State, say they record an average of N1 billion transactions, every Friday from the sales of cows at the market.
The Chairman of the market, Alhaji Munnir Madaki said this when he received journalists at the cattle market on Monday in Doguwa Local Government Area (LGA) of the state, adding that the cows were brought from parts of the state and the neighbouring Kaduna and Plateau states.
Madaki said however, that many cattle dealers doing business at the market had had their capital depleted by the prevailing economic hardships in the country.
“We now have a situation where dealers in this market who used to buy up to ten cows at once on Friday,our market day,can only afford to purchase two or three due to the economic crunch,”he said.
According to him,high cost of transportation, feeding as well as high charges of loading and offloading the cows had seriously depleted the capital of the cattle dealers.
“And the prices of the cattle themselves are not helping matters, because the price of a fattened cow now starts from N1 million, unlike before when it ranged from N100,000,”the Chairman said.
He said herdsmen from the neighbouring Niger,Chad and Cameroon republics also bring their animals to the market, especially during the rainy season.
Madaki commended the State Government for providing facilities for the smooth operations of the market which include toilets,solar lighting,an office, boreholes and a veterinary clinic.
According to him,the provision of Solar lights had enhanced security at the market which had previously recorded cow thefts, especially in the night.
Recall that the Kano State Agro-pastoral Development Project (KSADP) had provided facilities worth N350 million including toilets, loading bays, boreholes and veterinary clinics to upgrade five major cattle markets, including Falgore.
The projects were financed by the Islamic Development Bank(IDB) and the Lives and Livelihood Funds(LLF) with support from the Kano State Government.
