ABSTRACT

Nigeria's Marketing Boards, are statutory monopsonies handling Nigeria's major agricultural exports. They had their origins in wartime arrangements for the orderly marketing of West African produce and the protection of United Kingdom supplies of raw materials. After the war they assumed the responsibility for the stabilisation of producer prices and the development of the producing industries. The interpretation and implementation of the Marketing Boards' responsibility for stabilisation have received a great deal of attention from the economics profession. It is not, however, the most important aspect of Nigerian Marketing Board practices.