Butchers Increase Price of Cow Leg As Transportation Gets More Expensive [Video]

• The cost of buying a cow leg has increased again, according to new data from Financial Derivatives Company, Limited
• The price increase the report shows is driven by high demand and, rising transportation costs, and other
• Experts, including Bismarck Rewane and Terver Kumeka from FDC, call for government investment in infrastructure

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

The price of a large piece of cow leg, popularly known as “bokoto,” has increased to N8,700 in October 2024.

The new figure represents a 117.5% increase year-on-year compared to N4,000 in October 2023.

The figure is according to the latest commodity update from the Financial Derivatives Company, Limited.

In the update, FDC explained that the increase is due to rising transportation expenses.

Bismarck Rewane FDC’s managing director …