Effect of Insurgency on Cattle Markets in Northeast Nigeria: Appraisal of Kasuwan Shanu Cattle Market, Maiduguri, Borno State

Abstract

The decade attacks of Boko Haram insurgent has left many people displaced and destroyed many lives and properties in the Northeast Nigeria. However, little attention is paid to the degree at which this conflict has affected influential business activities especially cattle supply. The study examined the effect of Boko Haram insurgency on cattle marketers in Kasuwan Shanu, Maiduguri, Borno State. A structured questionnaire was designed to gather primary data from selected cattle marketers. Descriptive statistics and business budget model were used for data analysis. Furthermore, percentage change of employment generated by cattle marketing dropped by 100% from 2009-2014. The result showed that, before insurgency 81% of the cattle traders earned above N80,000.00 as income per month, while about 57% earned less than N80,000 during insurgency per month in study area. The result revealed that cattle supply is drastically reduced by almost 96% during insurgency. More so, the net profit per head of cattle during the insurgency was about ₦29,500, dropped from ₦51,200 before the insurgency. As the condition is currently perceived to be enabling and conducive in the state, there is need for concerted effort to be made by all the stakeholders in revamping the cattle business to return and spin-off the economy of the state.