Mutair Agboola is a cattle rearer, and he is the head of Yoruba cattle rearers at the popular Kara market, Oluwanisola Market, along the Lagos Ibadan Expressway. He takes us to the world of cattle rearing as our spotlight for this week. Enjoy!
What challenges have you encountered in your cattle-rearing business since the discontinuation of fuel subsidies by the current administration?
In the world of business, challenges are part of the course, and I have certainly faced my fair share in the cattle rearing industry. Business endeavors inherently involve the potential for both success and failure.
However, it’s crucial for every businessperson to possess the mental fortitude necessary to confront and overcome any obstacle that arises. Take, for instance, the challenges posed by the rainy season and the prevailing economic conditions; these factors have undeniably impacted our operations.
Despite these hurdles, we remain committed to a trade that we’ve been engaged in for a substantial period. Cattle rearing is a lucrative venture with significant profit potential, making it a business we’re not willing to abandon.
“In the realm of cattle rearing, success is closely tied to the quality of care and management provided to the animals, and it is a business that can yield substantial returns when approached with dedication and diligence.“
The removal of fuel subsidies is a nationwide issue affecting businesses across Nigeria. How are you and others in your business coping?
We anticipate that, with time, market dynamics will adjust, allowing both rearers and consumers to adapt to the new pricing paradigm. This adjustment is evident in the pricing of cattle; for example, rams, which typically commanded prices of 70,000 naira, are now being sold for 100,000 naira or more due to the spike in fuel costs.
Could you elaborate on the competition between your cattle-rearing business and other industry players?
Kara Market holds a distinguished position as an international marketplace, where approximately 95% of individuals in Lagos State prefer to purchase their cattle, including rams, cows, and goats. This preference arises from the ease and convenience of conducting business within our market. Customers favor our market for its hassle-free and customer-oriented approach to cattle-related transactions.
How would you assess the current state of business growth in your industry?
Our business has experienced significant growth, for which we are grateful. We attribute this growth to our unwavering commitment to providing high-quality service and our ability to adapt to the ever-evolving market conditions. While challenges persist, our dedication to our customers and our passion for the trade continue to drive our sustained growth.
What advice would you offer to individuals interested in starting a cattle-rearing business?
For those considering entering the cattle-rearing business, I have some recommendations. First and foremost, securing suitable land and constructing proper shelter for the cattle are essential steps.
Cattle are not well-suited to prolonged exposure to rainfall, making shelter a priority. The cattle rearing business, rooted in agricultural practices, offers significant potential for profitability.
It’s worth noting that this is a business where diligence and dedication are prerequisites for success. In the realm of cattle rearing, success is closely tied to the quality of care and management provided to the animals, and it is a business that can yield substantial returns when approached with dedication and diligence.
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