An Assessment of the Transaction Chain of Sesame Seed in Nasarawa State Nigeria

Abstract

The study analyzed the sesame seed trade in Nasarawa, Nigeria, identifying key players, factors determining price, and challenges faced by traders. A total of 150 subjects were sampled, using quantitative methodologies. The findings showed that sesame seed is a profitable crop for traders, but price determination influenced by external entities like the dollar exchange rate and affluent merchants is not advantageous for local traders. The primary individuals involved in the trade are local buying agents, rural assemblers, and exporting firms. The operational approach has led to adverse outcomes, including property and capital investment loss, and life-threatening situations. To prevent exploitation, capital loss, and life-threatening situations, a task force should be established to oversee the sesame seed trade chain, conduct quality assurance checks on foreign investors' trading activities, and enforce policies restricting foreign investors' access to local markets.