SOCIO-ECONOMIC CHARACTERISTICS OF BODIJA SAWN WOOD MARKET IN IBADAN, OYO STATE, NIGERIA.

¹Aremu, F.J, ²Olugbire, O.O, ²Adebayo, D.A & ²Apata, O.V

¹Department of Agricultural Economics, Obafemi Awolowo University, Ile Ife,   Nigeria

²Department of Forest Economics and Extension Service, Forestry Research Institute of Nigeria, Jericho, Ibadan

Email: fakunle2011@gmail.com

Abstract: The paper analyzed the socio-economic characteristics of sawn wood market in Ibadan, Oyo state, Nigeria. Primary data was used for the study. The data was collected using structured questionnaires administered to 150 sawn wood marketers sampled from the main sawn wood market in Ibadan North Local government of Oyo state, Nigeria. Both descriptive and inferential statistics were employed to analyze the data. The result indicated that majority (41.33%) belongs to the active population group of 20-40 years. Male (86.00%) dominated sawn wood marketing enterprise while female constitutes only 14.00%. 18.00% of sawn wood marketers were single, 50.00% were married, 20.00% were divorced/divorcee while 12.00% were widowed/ widower. Majority (45.00%) of the marketers had post primary education while minority (36.67%) had primary education and (18.00%) had no formal education at all. 10.00% of the marketers had 1-5 years marketing experience. 16.67% had 6-10 years, 55.33% had 11-20 years while 18.00% had greater than 20 years business experience. 32.67% of the marketers used between N 100,000 – N250,000 as capital set up, 47.33% used between N 250,001-N 500,000, 10.00% used between N 500,001 – N 750,000. 6.67% used between N750,001-N 1,000,000. 3.33% used more than N1, 000,000 to start the business. 2.67% of sawn wood marketers in the study area were processor, 31.33% were wholesalers, 26.00% were retailers, and wholesaler/retailers were 40.00%. 25.33% of the marketers had regular contact with extension workers, 26.67% had occasional contact with extension workers while 48.00% never had contact with extension workers.