Analysis of timber marketing in Ibadan, Oyo State, Nigeria

Abstract

The study assessed the analysis of timber marketing in Ibadan, Nigeria. Well structured and unstructured questionnaires were used to collect  relevant information from 130 respondents through the use of purposive sampling technique to sample four timber markets from the study area.  The markets were Bodija, Sango, Oke Bola and Alomaja. Data were analysed using frequency distribution and Gini coefficient correlation statistics. The findings revealed that 67.7% of respondents had secondary school education. The result of Gini coefficient correlation statistics for timber sales was 0.58 which implies that market structure was inclined towards monopoly. The membership of association of sellers also makes the market  performance difficult to measure between the market stakeholders despite the considerable high level of profit obtained from the sales. This implies a poor market performance. However, the result of market performance shows that timber marketing in Ibadan is a profitable venture. It is therefore recommended that Oyo State Government and the Local Government should closely monitor the market conduct with a view to  ameliorate the excesses of timber merchants.

Keywords: Analysis of timber, marketing, structure, performance conduct Ibadan