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Assessment of the sweetpotato market structure in Nasarawa state and federal capital territory (FCT), Nigeria
Abstract
The study was carried out to assess sweetpotato market structure in Nasarawa state and Federal capital territory. A multistage random sampling method was used in selecting markets and respondents. Forty wholesalers and eighty retailers were randomly selected from the eight markets of Nasarawa State and FCT. Data were collected by the help of structured questionnaire and interview schedule. Descriptive statistics and Gini Coefficient were used in analyzing the data.. Product differentiation existed and there were little or no barriers to entry into the sweetpotato market. The Gini Coefficient values of 0.5457 (wholesalers) and 0.6001 (retailers) were recorded, indicating an existence of some degree of sellers‘ concentration. This implies that sweetpotato market is an imperfect competitive market. Government policies should be directed towards reducing transportation costs, rent charged by the Local Government Authority and provision of micro credit for the traders to expand their purchases.
Keywords: Assessment, sweetpotato, market structure and gini coefficient
