Market Assessment in Borno and Yobe States as part of multi-sectorial capacity assessment for Cash-Based Transfer programming - March 2017
|Post date||Thursday, 16 March, 2017 - 15:23|
|Document Type||Assessment Report|
Hikes in prices of food commodities in markets of Borno and Yobe States as well as other parts of the country have been compounded by the ongoing economic recession, depreciation in the value of the Naira, increased cost of transportation and rising inflationary trends.
The largest stocks of maize, millet, local rice and imported rice are held in Bullunkutu, Kasua Shanu and Bolore Stores in Borno State and in Jacusko-Buduwa, Bade-Gashua and Potiskum market in Yobe State.
In the event of a 25 percentage point increase in demand, 78.6 percent of traders (99 traders) in Borno will be able to deliver adequate stocks within a week. Similarly, 80 percent of traders (385) in Yobe State have the capacity to respond to a 25 percentage point increase in demand within week.
Some 42.7 percent of traders (206) in Yobe and 38 percent of their counterparts (48) in Borno State are willing to accept Airtel mobile money payment from customers in exchange for food.
Given the low proportion of traders who are willing to accept mobile money payment, it is recommended that sensitization is carried out to increase their knowledge and interest in such a modality.