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Periodical article | Leiden University catalogue | WorldCat |
Title: | The cotton market in north-eastern Nigeria |
Authors: | Onu, J.I. Adebayo, E.F. Mshelia, S.I. |
Year: | 2000 |
Periodical: | Annals of Borno |
Volume: | 17-18 |
Pages: | 203-210 |
Language: | English |
Geographic terms: | Nigeria Northern Nigeria |
Subjects: | marketing cotton |
Abstract: | The abolition of the Cotton Marketing Board - a State monopoly - in Nigeria in 1986 led to the deregulation and privatization of the cotton market. The functions of the marketing board are now performed by private individuals and corporate bodies, and the price of cotton is now left to the interaction of the forces of demand and supply. This paper investigates the conduct of the new cotton marketing system in three States in Nigeria's eastern cotton-growing zone, viz. Bauchi, Borno and Gombe. A survey, covering the period 1993-1996, was held among 11 cotton merchants, 45 buying agents and 50 cotton farmers. The various analytical tools used include descriptive statistics, analysis of variance, the Bartlett's test for homogeneity of variances and a multiple regression model. The tests show that there are now three kinds of market for cotton in the zone, viz. farm (bush) market, the farmers' home market and the village market. This implies that there is competition for cotton. In conclusion, the paper examines defects in the structure of the cotton market in the area as well as policy implications. Bibliogr., sum. [ASC Leiden abstract] |