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Vol.5 , No. 2, Publication Date: Apr. 10, 2018, Page: 20-25
| [1] | Samuel Alegwu Omanchi, Department of History, Benue State University, Makurdi, Nigeria. |
Market in Nigeria have been topical issues and have been identified by many as crucial components for economic development of the country. In light of the above, the paper seeks to assess the socio-economic impact of Wukari Yam Market in Wukari Local Government Area, Taraba State, Nigeria with the aim of assessing the contributions of the market to the socio-economic development of Wukari Local Government area and challenges to the market operation. The objectives of the study were achieved through the collection and analysis of primary and secondary data. The primary data were collected through the use of questionnaire, oral interview and personal observation. The result obtained showed that the market is an important component of Wukari economy as it provides employment to many people in the area and bridges the disparities in productive capacity between communities. Although incomes of most yam traders are often not very high, they make a living out of it. The major challenges faced by the traders are high cost of transportation and inadequate capital. The study therefore recommends the provision of special credit scheme that will not demand high collateral or interest from traders. Other recommendations include the maintenance of the market especially in the evacuation of waste, the restructuring of the market in order to create provision for the infrastructural facilities which are lacking in the market and expansion and general development of the Local Government Area.
Keywords
Wukari Yam Market, Socio-Economic, Impact, Wukari Local Government Area, Taraba State, Nigeria
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