Determinants of Fluctuations in the Prices of Borno State Smoked Fishes in Mile 12 Market of Lagos, Nigeria.

Abstract

The marketing of processed fish products contribute positively to the socio-economy of Lagos State and Nigeria at large. The effect of a change in the prices of fish products requires analysis that explains the nature and pattern of price fluctuation in the market. The study evaluates determinants of price fluctuation of smoked fishes from Borno State distributed in mile 12 market of Lagos, Nigeria.  Results indicate consumers are insecure not only because of fish price increases but also due to other non-price determinants. The adjusted R² indicates that variables are significant at 5% level, while t- values are in parenthesis. Since the series has order of integration equal to one, we used the first difference in the estimation. Thus, the results indicate determinant of change in price.  Based on these findings, policy intervention measures are suggested.