Market Intervention Policy in Nigerian Agriculture: An Ex-Post Evaluation of the Technical Committee on Produce Prices

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Periodical article

Title:	Market Intervention Policy in Nigerian Agriculture: An Ex-Post Evaluation of the Technical Committee on Produce Prices
Authors:	Idachaba, F.S. Ayoola, G.B.
Year:	1991
Periodical:	Development Policy Review
Volume:	9
Issue:	3
Period:	September
Pages:	285-299
Language:	English
Geographic term:	Nigeria
Subjects:	marketing boards price policy agricultural products Agriculture, Natural Resources and the Environment Economics and Trade
External link:	https://doi.org/10.1111/j.1467-7679.1991.tb00188.x
Abstract:	Nigeria's last generation of commodity boards (1977-1986) failed to achieve the desired objectives of market stabilization and maintenance of farm income, not only as a result of the inherently contradictory objectives which underlay the pricing policy, but also, and most significantly, as a result of the inefficiencies of the decisionmaking processes of the Technical Committee on Produce Prices (TCPP). Such inefficiencies created unduly long delays in the announcement of fixed producer prices which rendered them ineffective as an influence on production decisions. From the available empirical evidence - interviews with relevant officers, information from TCPP files and other supportive documents of the boards - it is clear that the boards would have been more effective if the administrative procedures for price fixing had been streamlined so that announced prices preceded the planting and buying seasons. Bibliogr., notes.