An economic study of palm oil marketing in Akwa Ibom state.

Abstract

The Nigerian Palm Oil industry has witnessed a tremendous growth ever since despite its recent neglect. Its importance has permeated every facet of the economic sphere of the nation. Palm oil is the most important source of income to the people of Akwa Ibom State. However, the fluctuating trends in the production and marketing of palm oil in the State, calls for adequate economic investigation in order to enhance the potentials of the enterprise. The study covered the major markets in Akwa Ibom State, namely Uyo, Eket, Etinan, and Ikot Abasi main markets. In all, both the producers, wholesalers, and retailers were studied. The result shows that there is need for improved technical and economic efficiencies in the marketing of palm oil especially as the primary producers were not adequately remunerated due to low marketing efficiency.

Journal of Applied Chemistry and Agricultural Research Vol. 7 2000-2001: pp. 120-126