Socio-Economic Determinants of Supply and Demand for Convenience Foods (Okpa, Moimoi and Meat Pie) in Lafia Urban of Nasarawa State, Nigeria
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The study specifically described the socio-economic status
of the people involved in the production, distribution and
consumption of convenience foods in Lafia urban of Nasarawa
State. It identified the factors that influence the entry into convenience
food enterprise, factors necessitating the demand and
supply of the products and examined the costs and returns of
three convenience foods. The data collected were analyzed
using descriptive statistics, inferential statistics (multiple regression
analysis), the four point’s likert type scale and the enterprise
gross margin. The major findings indicated that female
producers of convenience foods were more than male producers,
the multiple regression result on the effects of socio-economic
characteristics of consumers on the amount of money spent on
consumer foods revealed that R2 value is 0.697. This implied
that 69.7% of the total variation in output (Y) is explained by
the combined influences of the independent variables in the
model. The gross margin enterprise revealed that the sale of
convenience foods in Lafia metropolis is profitable. The study
concluded by advocating for provision of credit facilities
amongst others to producers and distributors of convenience
foods with limited income.