Abstract: Mokwa Cattle Ranch (MCR) was established in 1964 specifically for fattening purposes, under a bilateral agreement between the German and Nigerian governments. It had full compliments of infrastructures, facilities and machineries at European Union standards and handed over to Nigeria in 1974. It was established to make full use of the molasses that is produced at the nearby Sugar Company at Jebba. Its total land area is 6,885 out of which 2,780 hectares have been prepared for grazing and cropping and 4,108 hectare remains as rangeland. With a capacity of 10,000, by 1973 its herd had attained 3,000 cattle. MCR carried out investigations in pasture establishments and its Green Panic grass of 200 hectares could be harvested six times in the rainy period and fed 3,000 cattle in 1973. Its feeding regimen for rainy seasons’ with natural pasture gave 0.300 and Green Panic 0.500 kilograms per day weight gain. Gross margin was N28.60 per animal per day. MCR has been facing systemic decadence and in 2004, it was closed again. The latest consortium that took over has stopped operations. Failures of MCR are attributed to: rising obsolescence, negative impacts of macro-economic instruments such as foreign exchange rates (limiting capacities to import spare-parts), inflationary pressures (costs of direct and indirect inputs), interest rates (costs of funds) and poor management capacities and its deliverance by Nigerians. It is recommended that the system of banks supervisions by the Central Bank should be imposed on boards of parastatals with visible and stringent sanctions` implications.