Appraisal of Market Structure: An Empirical Study of Aleshinloye Market, Ibadan, Nigeria

Abstract

Market influences the economy form and structure of urban communities which makes it an integral part of any state or country. The study focuses on the appraisal of the Market Structure of Aleshinloye Market, Ibadan, Nigeria. The primary data used were sourced from Coordinates with the aid of GPS to know spatial distribution of facilities, administering questionnaires to traders in the market, and direct observation. Direct count from Google Earth Imagery of the study area revealed that it consists of 274 buildings which comprises of 2,806 lockup shops and 997 open stalls, a convenient sample size of 3% of the shops were considered, which amount to 114 respondents. Questionnaire distribution follows the capacity ratio of the types of shops (lockup shop and open stall). Multistage sampling technique was used by first stratified into zones after which systematic random sampling was used for administering questionnaire to respondents. Two indices were developed: ‘Facility Availability/Adequacy Index’ (FAI) and ‘Facility Functionality Index’ (FFI); these were used to measure the availability/adequacy and functionality of the facilities in Aleshinloye market. The study observed that ‘Shop and stall’ have the highest FAI of 4.19, while drainage, toilet and security have the FAI’s of 4.15, 4.10 and 3.97 respectively. In terms of functionality, Shop and stall (FFI=4.12), road (FFI=4.03), drainage (FFI=4.00) and security (FFI=3.95). The Nearest Neighbour Analysis indicates that the spatial distribution pattern of facilities in Aleshinloye market is random.The study concluded that medical facility like the Primary Health Center which is absent should be made available, in case of an emergency. Market users and stakeholders should engage themselves in community development programs to maintain available facilities. Also, signage should be erected in strategic places for navigation. On-street sellers and hawkers who display their goods on the road should be encouraged to purchase stalls to avoid encroaching into the right of way. A number of stall was located nearly directly under high tension electrical wires which negate planning set back standard. A better method for waste disposal should be devised and burning during market hours should be prohibited. Keywords: Landuse Analysis, Urban Market, Market structure, Market facilities, Modern Market DOI: 10.7176/JEES/10-11-06 Publication date: November 30 th 2020