PERIODIC MARKET AND IT EFFECTS ON LIVELIHOOD OF RURAL TRADERS IN ADAVI LOCAL GOVERNMENT AREA OF KOGI STATE

Abstract

This study evaluates periodic market and it effects on livelihood of rural traders in Adavi Local
Government Area of Kogi State. A total of 384 copies of questionnaire were administered to respondents
while 380 copies were retrieved. Quantitative data that were obtained through the questionnaires were
subjected to both descriptive and inferential statistics such as frequency count and percentages, likert scale
of measurement. Result showed that the dominant products sold in the study area includes plant produce
such as yam, garri and beans; animal products such as meat and milk; clothing items such as already-made
and used clothes; Services such as sewing, repair of pots, shoes and machines; and Local furniture such as
baskets, hand fan and baskets. Also the findings show that, it contributes via social function as it creates
mutually rewarding link between rural and urban dwellers (90.8%); economic function as it provides
avenue for exchange of goods and services through haggling which takes place between buyers and sellers
(82.9%); political function as periodic markets facilitate the formation of social groups and associations
(91.6%); physical function where periodic markets serve as bulking centres (76.4%); and educational
functions as it enable rural farmers study and understand the different locations (90.8%) are contributions
of periodic markets to rural traders in the study area.