Neighborhood Markets and Socio-Economic Development of Residents of Calabar Metropolis, Cross River State Nigeria

Okon; Ekanem Nsikhe; Charles Efefiom Effiong; Okon; Asidok Nsikhe; Anthony Ibor

doi:10.56201/ijebm.vol.11.no11.2025.pg107.123

📄 Download Paper

Neighborhood Markets and Socio-Economic Development of Residents of Calabar Metropolis, Cross River State Nigeria

Okon, Ekanem Nsikhe, Charles Efefiom Effiong, Okon, Asidok Nsikhe, Anthony Ibor

Abstract

Neighborhood markets are local markets that serve the immediate community within a specific neighborhood. they play a crucial role in the process of economic development, but by virtue of its location and dispersion of producers and consumers with temporal structures has led to increasing pedestrian traffic, difficulty in transportation systems, and the overall movement of individuals within an urban environment. This study examined the nexus between neighborhood markets and socio-economic development of Calabar Metropolis of Cross River State, Nigeria. The major objective of this study is to examine the impact of neighborhood markets and socio-economic development of Calabar Metropolis. Survey design was used in the study and a sample of 392 market participants was used. The hypotheses formulated were tested using ordered logistic regression model. It was revealed from the logistic regression results that neighborhood markets, age, sex, occupation, marital status and infrastructural facilities have significant impact on income, employment and environment in Calabar metropolis of Cross River State. It was recommended that neighborhood markets in the metropolis should be expanded to cater for the economic realities of low-income households, offering essential commodities in smaller quantities, which are more affordable on a day-to- day basis. There should be improvement in the quality and standard of living of urban residents and proper sanitation to enhance the quality of environment of urban markets. There should be orderly relocation of street traders to the existing markets of the study area found to have some unutilized spaces, to avoid congestion. The rural areas in the metropolis should be developed to reduce rural-urban migration, thereby relocating traders who encroach on the road as well as providing mobile refuse collection points to improve waste management around market areas, while sanitary laws and effective ref

Keywords

NEMSocioeconomicsDevelopment

References

Ajetunmobi R.O. (2010) Aspect of economic transformation in Lagos-economic activities in Lagos State, The evolution and development of Lagos State, article index, p3. Akpan, U. E., & Etim, I. O. (2019). Neighborhood markets and community cohesion: A case Study of Calabar Metropolis. Journal of Urban Studies, 12(2), 45-60. Allen, A. A. (2016). Characteristics of Periodic Markets in Akungba-Akoko, Ondo State, Nigeria. Ife Research Publications in Geography, 11(1), 14-21. Anetor, F, (2015) An investigation into the value of street vending in Nigeria: a case of Lagos state. journal of marketing and consumer research, vol. 11, 2015, available at ssrn: https://ssrn.com/abstract=2735150 BABAJO, Hannatu (2017) Effects of periodic markets on economic development of Giwa Local Government Area of Kaduna State, Nigeria Bassey J. Bassey (2023) Market preferences of residents in Calabar, Cross River State, Nigeria EPRA international journal of multidisciplinary research (IJMR) - peer reviewed journal volume: 9| issue: 10 doi: https://doi.org/10.36713/epra14568 Balogun, F.A. (2011) Management of Traditional Markets in Ibadan, Nigeria: A Focus on Oja’ba and Oje Markets. Unpublished paper, Town planning Department, the polytechnic, Ibadan. Bromly, R. (2000) “Street Vending and Public Policy: A Global Review”, International Journal of Sociology and Social Policy, 20(1,2):1-29. Cathy-Austin O. and Oluwatoyin M. (2017) an explorative study of the contribution of the informal sector to economic activities in Lagos, Nigeria; 20th International Scientific Conference “Enterprise and Competitive Environment”, March 9–10, 2017, Brno, Czech Republic Christaller, W. (1966), Central Places in Southern Germany, translated by C.W. Baskin, Englewood Cliffs, New Jersey. David R.Harper (2023) supply-side economics: what you need to know. investopedia Ekpenyong, E. O., & Udoh, B. A. (2020). Economic Impact of Neighborhood Markets In Calabar Metropolis: Evidence From A Survey. Calabar Economic Review, 8(1), 78-92. Egbuna O. K., Alom A. C (2024) Impacts of Street Trading on Urban Areas In Nigeria. International Journal of Innovative Engineering Research and Development Edet, A., & Akpan, U. (2023). Exploring the socio-economic impacts of informal markets in Cross River State. Journal of Nigerian Urban Studies, 15(3), 120-135. Sunday J.A and Imoh C. U (2024) street trading and its implications on economic development in Nigeria: a literature review. International Institute of Advance Scholars Development.

Neighborhood Markets and Socio-Economic Development of Residents of Calabar Metropolis, Cross River State Nigeria

Abstract

Keywords

References

More Articles from IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT