Browsing by Author "AJAYI, JOSEPH OMOTOSO"

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    ANALYSIS OF URBAN AND RURAL PLANTAIN MARKETS INTEGRATION IN ONDO STATE, NIGERIA
    (2012) AJAYI, JOSEPH OMOTOSO
    This study analysed urban and rural plantain markets integration in Ondo State, Nigeria. It specifically examined the socio-economic characteristics of plantain marketers in the urban and rural markets in the study area, the factors that influenced the price of plantain in the urban and rural markets in the study area, examined the trend of plantain prices in the urban and rural markets in the study area and whether the urban and rural plantain markets in Ondo State are co-integrated. A multi-stage sampling technique was used to select one hundred and eighty (180) respondents and structured questionnaires administered on them to collect the required data. The secondary data used were the monthly nominal prices in naira per kilogramme of plantain in Ondo State of Nigeria. Secondary data were collected from the Agricultural Development Project (ADP) of the Ondo State Ministry of Agriculture and Rural Development. The method of data analysis included descriptive statistics, regression analysis, price trend analysis and co-integration. The results of analysis of socio-economic characteristics of respondents in both the urban and rural markets in the study area revealed that married women dominated plantain marketing with 64.64% of the respondents being female while only 35.36% of the respondents were male in in the urban markets. In the rural markets, women represented 85.56% of the respondents in rural markets while only 14.44% of the respondents were men. The stationarity tests revealed that both price series were stationary at the first difference while the co-integration test revealed that the null hypothesis of no co-integration was rejected at 5 percent level of significance. The study concluded that the rural plantain markets and urban plantain markets had their prices tied together in the long run.