Will the price of a cow sold to butchers in Lagos exceed ₦1.35 million before October 20, 2026?

Outcome: YES

How this forecast is settled

Resolution

Yes, this did happen. The price of a cow sold to butchers in Lagos significantly exceeded ₦1.35 million well before October 20, 2026. According to reports from the Lagos State Butchers Association, the cost of a single cow in Lagos surged drastically in the first half of 2026, reaching prices between ₦1.4 million and ₦2.5 million, depending on the breed and size. The association's patron, Alhaji Bamidele Kazeem, publicly lamented that cows priced around ₦1 million had become extremely scarce in the market due to escalating transportation costs, fuel price hikes, and ongoing security challenges affecting livestock supply routes.

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