Type | Journal Article - Nigerian Journal of Agriculture, Food and Environment |
Title | Consumer willingness to pay for Vitamin A fortification in vegetable oil in South Western Nigeria: a contingent valuation approach |
Author(s) | |
Volume | 8 |
Issue | 2 |
Publication (Day/Month/Year) | 2012 |
Page numbers | 66-73 |
URL | http://www.njafe.org/Njafe2012Vol8No2/13_Oni.pdf |
Abstract | The fortification of Vegetable oil, among other food products with Vitamin A is in a bid to reduce the Vitamin A deficiency status of Nigerian citizens. The study was carried out to determine the willingness to pay of consumers for the fortification of vegetable oil with Vitamin A. This was carried out by first determining the awareness of consumers of the fortification of vegetable oil with Vitamin A, and then estimating their willingness to pay using a contingent valuation method. The contingent valuation method is used to estimate the value placed on non market goods. It works by creating a hypothetical market scenario for a certain good or service and then placing a value on its perceived benefits. The study was carried out in two states in Southwest Nigeria- Lagos and Oyo States. Two local governments were purposively selected from the two states with respondents were randomly selected based on proportionate to size principle. From the study, it is seen that total food, non food and vegetable oil expenditure were N18850.83, N16215.17 and 1824.05 monthly respectively. The result reveals that over 60% of the respondents were aware of Vitamin A fortification in vegetable oil, with 76% willing to pay the premium of N421.37 to obtain the fortified vegetable oil. The probit estimation of the contingent valuation shows that price of vegetable oil, log of household expenditure, log of vegetable oil expenditure, age of household head and location significantly impacted on the probability of being willing to pay for vitamin A fortification in vegetable oil. Thus, it is concluded that there is a reasonable level of awareness and willingness to pay for vitamin A fortification in vegetable oil in southern Nigeria. Arising from the foregoing, it is recommended that policies that will enhance respondents purchasing power should be pursued in order to encourage them to pay for Vitamin A fortified vegetable oil.. |
» | Nigeria - Population and Housing Census 2006 |