Analysis of Informal cross-border fish trade in Okpara Market, Okpara, Oyo State, Nigeria
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Date
2015
Journal Title
Journal ISSN
Volume Title
Publisher
Fisheries Society of Nigeria
Abstract
Informal cross-border fish trade (ICBFT) is one of the ways of bridging the gap created by formal trade to meet citizenry needs. In Nigeria, its extent and manner of operation has not been clearly reported. ICBFT in Okpara market was examined.One Hundred and Twenty questionnaires were purposively distributed to the Cross-Border Fish Traders and responses were analysed using descriptive statistics and Multiple Regression analysis. Results showed that smoked fish was the dominant fish taded with little/no value addition. A kilogram of fish was sold at two-thousand naira per kilogram as agreed by 90% of the traders while every trader sold an average of 100kg (82%) on every market day. The Fish Traders' sources of capital were mainly from personal money (61%) while means of currency exchange were parallel market (75%). There was no formal source of information (95%) and transaction was done through cash, barter and/or credit arrangement (36%). The regression analysis (r=0.941) showed that there was linear relationships between the number, size and price of fish being traded in the market with significant effect on Nigeria's economy. The results indicated that Nigeria is losing much to the activities of Informal Cross-Border Fish Trade which could boost Gross Domestic Product (GDP) if it is recognized,formalized and incorporated into the economy of this country.
Description
Keywords
Traders, illegal activities, economy.
Citation
Adeshina, I., Agbeja, Y.E., Balami, D.H., Adewale, Y.A. & Yusuf, O.Y. (2015).Analysis of Informal cross-border fish trade in Okpara Market, Okpara, Oyo State, Nigeria, 30th proceedings of FISON Annual Conference, 535-527