Analysis of the Impact of Nigeria Stored Products Research Institute (NSPRI) on Price Volatility of Maize in Lagos
- May 29, 2020
- Posted by: RSIS
- Categories: IJRISS, Marketing
International Journal of Research and Innovation in Social Science (IJRISS) | Volume IV, Issue V, May 2020 | ISSN 2454–6186
Iheanacho, Albert Omeni1, Ogbechi, Adigwe Daniel2
1University of Nigeria, Department of Marketing, Enugu Campus, Nigeria
2Department of Business Administration, Ekiti State University, Ado-Ekiti, Nigeria
Abstract: This study examined the impact of Nigerian Stored Products Research Institute (NSPRI) on price volatility of maize in Lagos state. The specific objectives of the study were to determine the impact of NSPRI product preservation on price volatility of Maize in Lagos market; to investigate the impact of NSPRI product safety recommendation on price volatility of Maize in Lagos; to ascertain if NSPRI Postharvest activity has impact on price volatility of Maize in Lagos market. The research design was descriptive survey design, the population of the study consisted of intermediaries of maize which include distributors, wholesalers and retailers of maize and maize products in Mile 12 Market area of Lagos. The research instrument was a structured questionnaire. Stratified sampling technique was used to select participants who were active dealers of maize agricultural products. A total sample of 200 maize intermediaries was selected from the entire population of the study and questionnaire administered. One hundred and eighty two (182) copies of the questionnaire were properly completed. Data collected were analyzed using both descriptive and inferential statistical tools. The results obtained led to the study conclusion that there is a strong, positive correlation between NSPRI Product Preservation and Price volatility of Maize in Lagos market; that NSPRI product safety recommendation has significant impact on price volatility of Maize in Lagos; and that there is a positive correlation between NSPRI Postharvest activity and price volatility of maize. The study recommended that NSPRI adoption of simple, effective and appropriate preservation techniques would reduce price of grains and ensure food security in Nigeria and that NSPRI must intensify efforts in improving maize quality and production, amongst others.
Keywords: NSPRI, Product Preservation, Price volatility of Maize, product safety recommendation, Postharvest activity, Intermediaries of maize products.
I. INTRODUCTION
Maize also referred to as Zea-mays is a staple food of great socio-economic importance in Sub-Sahara Africa and the third most important staple food in the world today (Food and Agricultural Organization, 2003). Maize is recognized to be one of the longest ever cultivated food crop in Africa and world over. It is the most important staple crop grown in Southern regions of Nigeria, where about 75% of the country’s 800,000ha of maize are located (Paudyal and Poudel, 2001). Maize is the world best adapted crop in Nigeria (Adesiyan, 2015), and also grown in several region of the world. Notably because of maize ability to thrive under different ecological conditions, maize consist of the greater proportion of the grains produced in Nigeria.
