Business
Sallah: Sellers Hawk Rams In Search Of Buyers
As Muslims prepare to
celebrate Eid El-Kabir today, ram sellers in Jos have been moving with their animals on the streets of the Plateau State capital in search of buyers.
The Tide source who went round some parts of the city, found youths dragging hordes of rams through various streets, where they haggled over the prices with those that showed interest.
At Beach road in central Jos, the hawkers were seen with five rams, while some dragged eight rams or more, through the crowds and heavy traffic.
The situatiion was the same in Bukuru, where youths were seen moving round with the rams around communities populated by Muslims.
Some of the ram sellers said that they were forced to look for buyers on the streets because customers were not visiting the usual selling points.
One of the sellers at Tudun-Wada, Akilu Ambali, said “usually, buyers come to us, but this year, they are not showing up.
“Since they are not coming to us, we decided to go round so as to ease people the stress of transport fare.
Ambali said that the ram market was particularly poor this season, adding that “many people say they do not have money; many of those willing to buy want to do so on credit.
“Those with instant payment will get good bargains, but those that collect on credit will normally pay higher.”
Another seller, Audu Anchau, said that the ram market was “very poor” his year.
He added that “I am on the streets because people that should come to my shed are not doing so.
“In the past, politicians and other rich people usually come to my shed and will buy as many as 100 or more at the same time, but that is not the case this year.
“There were times that the state government ordered several hundreds of rams, or even ask some people to collect while government pays later, but we have not seen that this year.”
Anchau said he was willing to sell on credit “provided I know how I can get my money after the fesivity.
“As you can see, my rams are big; I have been able to sell some by going around, but the market this year is just bad.”
On the prices of the rams, he said that the smaller ones could go for N15,000, while some could be sold for as a high as N140,000.
He said he would keep moving through Jos streets with the rams “even on Sallah day”.
Malam Alti Ragije, a prospective buyer, told newsmen that he was opting to buy from the hawkers because their prices were usually better.
He said “when they get tired of roaming the streets, it is very easy to convince them to sell the rams because they would not want to go home without selling.”
Credit to Nigeria’s private sector rose to N83.26 trillion in June 2026 from N81.04 trillion in May, signifying a positive balance of N2.22 trillion month-on-month.
Year-on-year, the figure represents a nine per cent increase compared with the N76.13 trillion recorded in June 2025. The latest figures come as the CBN continues to balance efforts to control inflation with the need to support economic growth and expand credit to businesses.
The CBN data shows that credit to Nigeria’s private sector increased by approximately 2.74 per cent month-on-month between May and June 2026. Also, the CBN data noted that credit to the government fell slightly to N40.03 trillion from N40.38 trillion. Other assets, net, dropped to N10.76 trillion from N12.63 trillion.
The credit surge signifies sustained growth in lending to businesses and other private-sector borrowers during the month. The rise in private sector credit was recorded alongside an increase in net domestic credit, despite declines in credit to government and other assets.
Further analysis of the report says that compared with June 2025, private sector credit rose by about N7.13 trillion yea-on-year but net domestic credit increased by approximately N1.87 trillion during the month.
The CBN’s relatively tight monetary policy stance notwithstanding, more banks still loaded funds to the private sector within the period. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 306th meeting on July 20 and 21.
The Committee reviewed recent developments in the global and domestic economies, assessed emerging risks to the outlook and considered their implications for monetary policy and retained all rates.
The Committee decided to retain the Monetary Policy Rate at 26.5 per cent; the Standing Facilities Corridor around the MPR at +50/-450 basis points and retain the Cash Reserve Requirement (CRR) for Deposit Money Banks at 45.00 per cent, Merchant Banks at 16.00 per cent, and non-TSA public sector deposits at 75.00 per cent.
The MPC decision means that credit extension in the private sector will likely continue to rise because of rising confidence in the sector and calls by stakeholders for banks to invest in the private scetor instead of government securities.
