EFFICACY OF TRADER AND MARKETMONI PROGRAMMES ON INCOME POVERTY REDUCTION OF EDIAKEN MARKET BENEFICIARIES IN EGOR LOCAL GOVERNMENT AREA, EDO STATE, NIGERIA
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Authors: FRED OSAHON OKUNMAHIE;<br> FREDERICK OGBEIDE
Affiliations: Department of Political Science and Public Administration
Faculty of Management and Social Sciences, Edo University Iyamho, Edo State, Nigeria
Corresponding Author: fred.okunmahie@edouniversity.edu.ng
Published in: ESUI Business and Management Journal, Volume 2, Issue 1 (2025)
Pages: 51-61
ISSN: 1595-5656
Views: 87 | Downloads: 60
Status: Approved
License: Creative Commons Attribution 4.0 International
Abstract
The study examined the efficacy of the Trader and Marketmoni micro-credit loan scheme on Ediaken market beneficiaries in the local government council area of Egor, Edo State, Nigeria. The study utilized the social welfare theory as the framework of analysis.
The population of the study comprised Trader and Market Moni beneficiaries of Edaiken Market in the government council areas mentioned above. The study sample consists of two thousand respondents: one thousand four hundred for Trader Moni and six hundred for MarketMoni respondents respectively.
The study's major results established that the Trader and Market Moni programme showed a strong positive impact on the poverty reduction of Ediaken Market beneficiaries in Egor Local Government Area, Edo State. The study concludes that the Trader and Market Moni programme has largely contributed to the poverty reduction of beneficiaries compared to non-beneficiaries in the studied area.
Arising from the above, it was recommended that the Nigerian Federal Government should reorganize and expand the scope of the Trader and Market Moni programme, given the remarkable impact of small-medium scale as well as petty businesses' influence on the economic growth and development of any nation, among others.
Keywords
Income, Market Moni, Poverty,Reduction and Trader
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FRED OSAHON OKUNMAHIE; FREDERICK OGBEIDE. (2025). "EFFICACY OF TRADER AND MARKETMONI PROGRAMMES ON INCOME POVERTY REDUCTION OF EDIAKEN MARKET BENEFICIARIES IN EGOR LOCAL GOVERNMENT AREA, EDO STATE, NIGERIA." ESUI Business and Management Journal, 2(1), 51-61.
Publication Timeline
- Received: March 27, 2025
- Accepted: March 27, 2025
- Published: March 27, 2025
- Last Updated: April 19, 2026
DC.Title: EFFICACY OF TRADER AND MARKETMONI PROGRAMMES ON INCOME POVERTY REDUCTION OF EDIAKEN MARKET BENEFICIARIES IN EGOR LOCAL GOVERNMENT AREA, EDO STATE, NIGERIA DC.Creator: FRED OSAHON OKUNMAHIE; FREDERICK OGBEIDE DC.Date.issued: 2025-03-27 DC.Source: ESUI Business and Management Journal DC.Source.Volume: 2 DC.Source.Issue: 1 DC.Identifier: 32 DC.Language: en DC.Type: Text.Serial.Journal DC.Rights: Copyright (c) 2025 FRED OSAHON OKUNMAHIE; FREDERICK OGBEIDE DC.Rights.License: CC BY 4.0 DC.Identifier.PDF: https://esuibusinessjournal.com/uploads/manuscripts/693ef215ac299_EFFICACY_OF_TRADER_AND_MARKETMONI_PROGRAMMES_ON_INCOME_POVERTY_REDUCTION_OF_EDIAKEN_MARKET_BENEFICIARIES_IN_EGOR_LOCAL_GOVERNMENT_AREA__EDO_STATE__NIGERIA.pdf