Governance, Regulation, and Market Stability in Agricultural Value Chains: The Case of Ginger in Kaduna State, Nigeria
Abstract
The study investigated the influence of governance, regulation, and market stability within agricultural value chains, focusing specifically on the ginger sector in Kaduna State, Nigeria. The ginger value chain represents a vital segment of the agricultural economy, contributing to rural livelihoods, job creation, and export revenue. The study was guided by a single objective addressing the role of governance, regulation, and market stability, supported by one research question and a corresponding hypothesis. A descriptive survey research design was adopted, with a population of 8,169 and a sample of 397 respondents comprising middlemen and ginger farmers. Data were collected using a structured questionnaire and analysed with mean and standard deviation to answer the research question, while a one-sample t-test at the 0.05 level of significance was used to test the hypothesis. The results revealed that effective governance and regulatory frameworks enhance transparency, coordination, and price stability within the ginger value chain, whereas weak governance contributes to price fluctuations, inefficiencies, and exploitative practices. Based on these findings, the study concluded that governance and regulation are critical determinants of efficiency and stability in the ginger market, as strong governance structures foster transparent pricing, improved coordination, and a more stable market environment. In line with these conclusions, the study recommended that government and regulatory bodies should reinforce enforcement mechanisms and implement transparent pricing systems, including digital market information platforms, to improve coordination and minimise price volatility. It further recommended that stakeholders encourage the formation of farmer cooperatives and strengthen regulatory measures to curb exploitative practices by intermediaries, thereby promoting equitable participation and fair distribution of benefits within the value chain. Key Words: Governance, Regulation, Market Stability, Agricultural Value Chains, Kaduna State
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