Digitalization, some Fundamental Factors and Commodity Prices in Sokoto Metropolis, Sokoto State, Nigeria
DOI:
https://doi.org/10.61143/umyu-jafr.4(2)2022.008Keywords:
Digitalization, fundamental factors, commodity price, multiple regressionAbstract
This study explores effect of digitalization and some fundamental factors on commodity prices in Sokoto metropolis, Sokoto State, Nigeria using a survey dataset for a sample of three hundred and sixty-nine (369) respondents. In the estimation the study applied descriptive technique such as percentage, standard deviation and mean. From the inferential angle, this study used multiple regression and the results indicated that digitalization and food supply have significant negative influence on commodity prices in Sokoto metropolis while insecurity and disruption of supply chain have significant positive influence on commodity price in the study area. Based on the preceding, this study suggests that the government should intensify its efforts to digitalize the economy. The report also suggests that the government and key stakeholders to increase their investment in agriculture by focusing more on food production. Finally, government and commodity leaders must work together to improve security in the study region.
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