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Feasibility of Adoption of Structured Grain Trading System in Ogun State, Nigeria
Abstract
The study examined the feasibility of adoption of the structured grain trading system (SGTS) in Ogun State, Nigeria. It investigated the current grain trading system in the study area, identified policy and structural changes that needs review for successful adoption of structured grain trading system, investigated the perception of the people involved in the grain value chain, and identified the bottlenecks that may restrict efficiency of structured grain trading system. The population of the study covers mainly rice farmers, and other stake holders involved in rice value chain in Ogun State, who were selected using snowball technique. Questionnaires were used to obtain data from the respondents. Results from the study shows that the majority of the benefits derivable from using the structured grain trading system were not found in the present system of grain marketing; such as the use of warehousing receipt as collateral for loans. Conclusion drawn based on the perception of the stake-holders involved in rice value chain was that the structured grain trading system is highly preferred. The system can be implemented only if the infrastructures such as: roads, electricity, market information services, and standard storage structures are put in place.
Key words: Adoption, grains trading system, Nigeria.
