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SOCIO-ECONOMIC CHARACTERISTICS OF CHARCOAL MARKETERS IN BODIJA MARKET, IBADAN, OYO STATE, NIGERIA
Abstract
The paper analyzed the socio economic characteristics of charcoal marketers in Bodija market of Ibadan, Oyo State, Nigeria. Primary data was used for the study. The data was collected using structured questionnaires administered to 57 charcoal marketers from different parts of the market. Data were collected on the socio-economic characteristics of the marketers such as age, marital status, educational status, gender, cost and returns. Both descriptive and inferential statistics were employed to analyze the data and regression analysis was used to examine the relationship between gross margin and socio economic characteristics of the marketers. The result indicated that most of the marketers fall between two age groups which are the active age group (21-40 years) and the aged ( >50 years). Female (73.7%) dominated charcoal market in the study area. Similarly, 73.7% of the marketers were married and used the business to support their home. One- fourth of the marketers have no formal education. Majority has primary and secondary school education (68.4%) and only 7% has tertiary education. Marketing is very important for any marketers to flourish in charcoal business with a minimum of 1-5 years experience. Yoruba is the dominating tribe in charcoal business in the study area. Wholesalers (42.1%), retailers (29.8%) and those that act as both wholesalers and retailers altogether, that is, wholesaler/retailers (26.3%) are mostly found actively engaged in charcoal business in the study area with only 1.8% of the producer/ processors. Charcoal market association is very strong in the study area as 98.2% of the marketers are aware of the association and fully participate as members. Sex, marital status and amount of capital set up owned by the marketers have significant impacts on the gross margin realized in the business. It is therefore recommended that there should be the creation of proper awareness on the prospect of charcoal business among young people; this will be an avenue to alleviate the scourge of unemployment in the study area and in the country at large.
SOCIO-ECONOMIC CHARACTERISTICS OF CHARCOAL MARKETERS IN BODIJA MARKET, IBADAN, OYO STATE, NIGERIA
