Daily Trust

‘Saudis need 120,000 heads of goat/sheep per week from Nige­ria’

- From Sun­day Michael Ogwu, Lagos

The Cen­tral Bank of Nige­ria has said that Saudi Ara­bia may need up to 120,000 heads of frozen goat/sheep per week from Nige­ria.

The CBN Gov­er­nor, God­win Eme­fiele, dis­closed this while de­liv­er­ing the key­note lec­ture ti­tled ‘The Dilemma of Mone­tary Pol­icy Dur­ing a Re­ces­sion: Po­ten­tial Op­tions for Nige­ria’, at the 2017 An­nual Gen­eral Con­fer­ence of the Nige­rian Bar As­so­ci­a­tion (NBA) hold­ing in Lagos

Eme­fiele while prof­fer­ing op­tions avail­able for the pur­suit of nonoil ex­ports, said “From pre­lim­i­nary analy­ses of global trade trends and dis­cus­sions with po­ten­tial trade part­ners, it is now in­creas­ingly ev­i­dent that Nige­ria can ben­e­fit sig­nif­i­cantly from tap­ping into the mar­ket for cer­tain goods, which are in high de­mand.

“For ex­am­ple, the de­mand for Halal meat and sesame across the Gulf Co­op­er­a­tion Coun­cil (GCC) coun­tries is huge. In fact, we have cred­i­ble in­for­ma­tion that the Saudis may need up to 120,000 heads of frozen goat/ sheep per week from Nige­ria.”

Saudi Ara­bia ranks the first in im­port­ing live sheep and goats. 45.02per cent from the world im­ports for this prod­uct goes to Saudi Ara­bia. It usu­ally im­ports it from Su­dan or So­ma­lia. In 2016, it re­quested Zam­bia to sup­ply it with one mil­lion goats monthly.

Eid-al-Adha (Feast of Sac­ri­fice) in Saudi Ara­bia, the third day of The Hajj, which is an an­nual Is­lamic pil­grim­age to Makkah, and a manda­tory re­li­gious duty for Mus­lims, re­quires pil­grims to buy a sac­ri­fice voucher in Makkah be­fore the greater Hajj be­gins, which al­lows an an­i­mal to be slaugh­tered in their name on the 10th. In 2016, about 1.8 mil­lion pil­grims per­formed hajj.

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