Mapping Territorial Markets: Data Collection, Financial Inclusion In Nigeria,Tanzania – Report

There is a lack of information on markets for sustainable products that are not related to global value chains that must be bridged according to food and agriculture organisation FAO.

However, recent discussions in the Committee on World Food Security (CFS) have highlighted the importance of understanding territorial markets in which small producers, traders, processors and retailers market food, often used sustainable production methods, that are not necessarily publicly recorded.

To understand how food systems can become sustainable and how they can benefit smallholders and ensure food security, we first have to understand how different food systems work. Hence Mapping Territorial Markets

In order to understand where small producers market their products, the relative prices and the type of consumer, the project will be developed in two phases:

FAO article on is website titled Inclusive and Sustainable Territories and Landscapes Platform shows two phases to achieve this:

• Development of a participatory methodology for the systematic collection of comparable data on territorial markets, capitalizing and enriching the experiences of small producer organizations.

• Provision of support to small producer organizations that collaborate in the project and that are already collecting data on territorial markets for their specific purposes. Discuss and decide the best way to make the data available in order to create an evidence data base for decision-makers on policies and programs.

Mapping Of Territorial Markets In Tanzania

Data on territorial markets in Tanzania have been collected between July and August 2020.

The data collection process started with a preliminary classification of food retailers active on 17 markets based on three variables: sex, age group and category of products sold. Out of a total of 9577 retailers, a representative sample of 497 food retailers was chosen.

The intention has been, Despite an increasing awareness about the fact that smallholder farmers are responsible for most of the food consumed in the world and most of the investments made in agriculture, there is still lack of data about territorial markets, thus resulting in public policies that give a lot of attention to global value chains while seldom supporting and incentivizing these markets.

Social Protection Strategy Or Financial Inclusion In Nigeria?

The TraderMoni empowerment scheme in Nigeria is a novel government attempt to provide microfinance and complementary economic services through social protection systems. The objective of this programme is to provide small loans to small-scale traders or artisans, groups that usually cannot access loans or credit through banks and traditional financial institutions.

Social protection includes programmes and policies focused on reducing poverty and risk exposure among the poor and vulnerable, who comprise more than 50% of the population in low-and-middle-income-countries, Providing social and financial risk protection for poor and vulnerable populations is a major development and policy issue across the globe and Nigeria is not left out in the campaign.

With TraderMoni, Artisans, Petty traders can receive interest-free loans starting from N10,000 and growing all the way to N100,000 as you pay back. You get N10,000 as the first loan. When you pay back the first loan, you immediately qualify for a second loan of N15,000. After payback of the second loan, you qualify for a N20,000 loan, and then N50,000, and then N100,000.

With TraderMoni, the Federal Government wants to change low income earners level by providing continuous loans for petty business, making each loan bigger to enable them to grow.

But the question remains with the high cost of living and continuous rise in inflation rate, how can these businesses be sustained? When other government policies and geopolitical factors are choking the supposed laudable Social Protection programmes by the federal government.