An assessment of the economic impact of flooding on local traders in Asaba, Oshimili South Local Government Area, Delta State
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style:
- Recommended for :
- NGN 5000
Background of the study:
Flooding is a recurrent natural hazard that significantly disrupts economic activities in vulnerable regions. In Asaba, Oshimili South Local Government Area, Delta State, frequent flood events have profound impacts on local traders, whose livelihoods depend on stable market conditions (Eze, 2023). Flooding not only causes physical damage to infrastructure and merchandise but also interrupts supply chains, leading to revenue losses and increased operational costs. Recent climate change studies have highlighted the escalating frequency and severity of flood events, thereby exacerbating the vulnerability of local economies (Olu, 2024). Furthermore, traders in flood-prone areas often lack adequate insurance coverage and contingency planning, making recovery from such events slow and uncertain (Okafor, 2025). This study examines the economic impact of flooding on local traders, exploring both direct financial losses and the broader implications for community resilience and market stability. The findings aim to inform strategies for flood mitigation and improved support mechanisms for affected traders (Eze, 2023).
Statement of the problem:
Local traders in Asaba are significantly affected by recurring flood events, which disrupt business activities and lead to substantial income losses. The lack of effective flood management and insurance coverage exacerbates economic vulnerabilities, making it imperative to assess the extent of these impacts (Olu, 2024).
Objectives of the study:
- To evaluate the direct economic losses incurred by traders due to flooding.
- To analyze the broader impacts of flooding on market stability.
- To recommend strategies for flood mitigation and trader support.
Research questions:
- What are the direct economic impacts of flooding on local traders?
- How does flooding affect overall market stability in Asaba?
- Which interventions can best support traders in flood-prone areas?
Research Hypotheses:
- Flooding significantly reduces the income of local traders.
- There is a negative relationship between flood frequency and market stability.
- Enhanced flood management measures can mitigate economic losses.
Significance of the study:
This study is significant as it provides an in-depth analysis of the economic repercussions of flooding on local traders, offering policy recommendations to strengthen flood resilience and protect the livelihoods of affected communities (Ibekwe, 2023).
Scope and limitations of the study:
The study is limited to the economic impacts of flooding on local traders in Asaba, Oshimili South Local Government Area. It excludes other flood-related issues such as health impacts or broader regional effects. Data constraints and seasonal variations may affect the findings.
Definitions of terms:
- Flooding: The overflow of water that submerges land areas, often disrupting human activities.
- Local traders: Individuals engaged in the buying and selling of goods within a local market.
- Market stability: The consistent and predictable operation of a market system without significant disruptions.
Related Project Materials
BUSINESS CONTINUITY MANAGEMENT AND THE PERFORMANCE OF PRIVATE TERTIARY INSTITUTIONS IN NIGERIA: EVIDENCE FROM THE COVID-19 PANDEMIC ERA
Abstract
The research investigates the impact of Business Continuity Management on the performance of private tertiary institutions in th...
An assessment of hand hygiene practices and their impact on hospital-acquired infections in Zamfara State
Background of the Study
Hospital-acquired infections (HAIs) are a major public health concern worldwide, contributing to increased morbidity...
An assessment of interest rate policy impacts on savings mobilization in banking: a case study of Fortis Microfinance Bank
Background of the Study
Interest rate policies are a crucial determinant of savings mobilization in the banking sector. Fortis Microfinan...
A COMPARATIVE STUDY ON THE OIL SECTOR AND THE AGRICULTURAL SECTOR; THE NIGERIAN EXPERIENCE ON BALANCE OF PAYMENT (1981-2011)
ABSTRACT
This study aims to evaluate the oil sector and the agricultural sector in Nigeria from 1981 to...
The Impact of Financial Planning on the Growth of Innoson Motors in Kaduna State
Background of the Study
Financial planning is a crucial component for the growth and sustainability of businesses, particularly in the au...
The Role of Public Relations in Enhancing Trade Relations in Border Areas: A Study of Jibia LGA, Katsina State
Chapter One: Introduction
1.1 Background of the Study
Border areas serve as critical hubs for...
The effect of geopolitical instability on the education of internally displaced children in Monguno Local Government Area, Borno State
Chapter One: Introduction
Examining the Influence of Social Media on Voting Patterns in Gwadabawa Local Government Area, Sokoto State
Chapter One: Introduction
1.1 Background of the Study...
An evaluation of employee motivation strategies and their influence on productivity: A study of manufacturing firms in Aba North Local Government Area, Abia State.
Background of the study
Employee motivation is a critical determinant of productivity in manufacturing en...
THE EFFECT OF NPOWER PROGRAMME ON YOUTHS IN NIGERIA
Background of the study
The Nigerian federal government is the one that is financially supporting the N-Power you...
