Goat farming vital for Ondo’s economy, says economist

From Akinnodi Francis, Ondo
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An economist, Dr. Tawio Owoeye has underscored the significant role goat farming plays in promoting economic growth, food security, environmental sustainability, and social well-being in Ondo State.
Speaking with The Hope, Dr. Owoeye explained the economic advantages of goat farming, which he described as a lucrative agribusiness with high returns on investment.
He pointed out that goats can be raised for various purposes, including food, meat, and milk production.
“As a source of food, goat meat is a valuable source of protein, essential for human nutrition,” he said. “It can also be reared for milk consumption directly or used to make dairy products like cheese and butter. The milk contains antibodies that can help alleviate symptoms of certain health conditions.”
He further highlighted the economic impact of goat farming, particularly in rural areas.
He noted that the practice provides income for many farmers and creates employment opportunities in breeding, feeding, and marketing.
“Goat farming has export potential; the meat and products, such as leather and hair, can be exported to generate foreign exchange,” he added.
“Goats help to control weeds and bushes, reducing the risk of wildfires and maintaining ecosystem balance. Goat grazing can help prevent soil erosion by maintaining vegetation cover, just as its faeces are a good source of manure to regenerate the soil for organic farming of food crops.”
A survey at the goat market in Ondo revealed that an average-sized goat sells for N145,000, while larger goats can be priced between N180,000 and N200,000, depending on their quality and location.
Tinuke Akinwale, a goat seller, also spoke to the cultural and traditional significance of goat farming, especially in the western part of Nigeria, and particularly in Ondo, where goats are an essential source of meat during festivals and ceremonies.
“The high demand for goats during festivals such as burials, Christmas, and end-of-year parties and other occasions attests to its profitability,” Akinwale said.
“The high price of goats in the market depends on the demand and transportation costs. Few people are rearing goats around here, so we still buy from the North. Transporting them from the North down here costs a lot, and this affects the sales. Goats feed mainly on grass, kitchen waste, and feeds, which we also purchase.”