Browsing by Author "Yusuf, S.A"

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Determinants of traditional agricultural exports in Nigeria: an application of cointegration and correction model
(2003) Okoruwa V.O.; Ogundare, G.O; Yusuf, S.A
The study aimed to derive estimates of factors influencing Nigeria’s agricultural exports to five principal countries - United States, The Netherlands, United Kingdom, Germany, and France, with the aid of error correction representation procedures. The analysis was carried out with the data collected on Nigeria primary exports - cocoa, palm kernel, and rubber, over 38 years (1960 - 1997). Agricultural commodity exports to the selected countries were influenced by the domestic output, population growth, quantity supplied by competing countries, index of industrial production of importing countries, and time trend. However, the domestic output and population growth rate were the most significant factors influencing agricultural exports in the importing countries. In addition, there is high feedback captured by the coefficients of the error correction mechanism. There seems to be an instantaneous change in the short-run equilibrium to long-run equilibrium values of agricultural exports as a result of policy changes in the regressors. Efforts to boost agricultural exports from Nigeria will need to incorporate policy measures to improve producer prices, enhance the quality of the products, and ensure timely exports of the commodities, especially those with a positive relationship between the index of industrial production of importing countries and Nigeria’s exports. With short-run policy changes by the importing countries, the rate of response by Nigerian producers through exports will be almost spontaneous, as indicated by the coefficient of the error correction mechanism ECM (-1).
Effect of Liquidity Management on Profitability of Commercial Banks in Nigeria
(2021) Olaleye, O.A; Adesina, M.A; Yusuf, S.A
Commercial banks in Nigeria are more engrossed with profit maximization and as such they tend to neglect the importance of liquidity management. This eventually leads to financial indebtedness and consequently low patronage and deposit flight. This study examined the effect of liquidity management on profitability of commercial banks in Nigeria using data obtained from the financial statements of tier 1 banks over the period 1998 to 2018. The study employed the correlational research design and engaged the Johansen test with the vector error correction model to access the long run and short run relationship among the variables. The results of the Johansen test revealed at most two cointegrating equations among the variables, while result of vector error correction revealed a positive effect of liquidity on return on asset and return on equity but a negative effect on net profit margin. Results revealed a fairly stable trend in the liquidity and profitability indicators from 1998-2018 and concluded that banks controlled enough liquidity to serve their obligations. The study recommends that the central bank of Nigeria should maintain the regulation over the minimum liquidity of commercial banks as this affects their profitability
Effects of Social Capital on Rural Poverty in Nigeria
(2007) Okunmadewa,F.Y; Yusuf, S.A; Omonona B.T
Against the backdrop of increasing focus on the use of Local Level Institutions (LLIs) in addressing poverty and the growing literature on impact of social capital on welfare and poverty, this study provides empirical evidence for Nigeria. The study focuses on households’ memberships in LLIs using primary data from 587 households in 6 participating pilot states under the World Bank’s assisted Community-based Poverty Reduction Project (CPRP). Six measures of social capital were identified. These are density of membership, internal heterogeneity of associations, meeting attendance, payment of membership due, labor contribution and decision making. The study reveals that an average household size of 9 participates in at least 3 LLIs. Further, internal heterogeneity reveals some level of diversity in each group while meeting attendance index averaged about 60% for all participating members of households. An average of N4, 254.90 membership due and 43 days of labour are contributed by households to LLIs. The basic data from the study indicate that households with higher social capital are less poor using different dimensions of poverty. The study shows that while a unit increase in household size tend to aggravate poverty by 3.1%, one extra year of educational attainment reduces the extent of poverty by 1.6%. The level of heterogeneity of the associations, meeting attendance index, cash contribution score and the labour contribution score are the key social capital dimensions with dampening effect on poverty, in the order listed, a unit change in each of these dimensions of social capital leads to 0.85, 1.2, 0.82 and 0.3%, respectively. The findings of this study support recent emphasis on investing in social capital. In addition, it has been shown that investments in LLIs need to be part of poverty alleviation programmes
Factors Influencing Choice of Pesticides Used by Grain Farmers in Southwest Nigeria
(2014) Adejumo, O.A; Ojoko, E.A; Yusuf, S.A
Pesticide use in agriculture has caused a lot of rising concerns about the safety of residues in food and water, as well as other potential health and environmental risks. There is need therefore to determine the factors that influence farmers’ choice of pesticides for post-harvest grain storage. This study therefore examines the factors influencing the choice of pesticides used by grain farmers in South-Western, Nigeria. Data for this study were collected using multi-stage sampling techniques and a total number of 192 respondents were sampled. The tools used for analysis include descriptive statistics (used to profile the socio-economic characteristics of the respondents) and probit model (used to determine the factors influencing the choice of pesticides by the grain farmers). Results from this research indicates that majority (69.79%) of the grain farmers had formal education, with above 10 years of farming experience (96.88%) and within the age bracket of 30 years and above (95.83%). The probit results also shows that the age of household head, education, farming experience, price of grains and quantity of grains consumed were significant factors that influences the choice of pesticides used by the grain farmers in the study area. It was recommended that farmers should be educated on the use of pesticides to avoid hazards
Forecasting Mango and Citrus Production in Nigeria: A Trend analysis
(2007) Yusuf, S.A; Salau, A.S
This paper provides the prediction of future production of citrus and mango in the medium term up to 2010. The prediction was based on the assumptions that past trends (area planted and yield) and existence of normal weather pattern will hold. Time trend model with specific emphasis on growth model was employed. The analysis delineated three different eras (period between 1961and 2003, 1986 – 2003, and 1991-2003). These eras were used to simulate the different policy regimes of Regulation, Structural Adjustment era and Liberalization era. In general, output of citrus and mango maintained upward trend over the years. However, the growth rate was highest for the era including Structural Adjustment. Following from this, output predictions over the medium term are highest for the analysis with Structural Adjustment era
Household energy choice relationships and determinants in Nigeria
(2002) Hamzat, O.I; Akin-Olagunju, O.A; Yusuf, W.A; Yusuf, S.A
In many developing countries, efforts are being made to encourage more efficient energy choices to lessen adverse effects on health and the environment. This study examined the relationship among fuel options and assessed the determinants of household energy choices for Ibadan, Nigeria. Data collected from 180 respondents using multistage sampling procedure were analysed with bivariate probit and logit regression models. Firewood and charcoal were found to be in use as substitute cooking fuels to LPG while electricity was used as its complement. Improved economic state of households was associated with the use of clean energy sources. Households with large number of members had to settle for less clean fuel types because of low per capita resource availability while education assisted in making better fuel choices for cooking. The study recommends policies aimed at growing national income and improving citizens’ welfare. Education-for-all campaigns should be intensified and national education projects scaled up for improved access. Rural areas also need targeted development so that the inhabitants can seek alternatives to traditional fuels
Households’ Willingness-to-Pay for Value Addition in Azadirachta indica (Neem) Based Products in Ibadan Metropolis
(2021) Akin-Olagunju O.A; Ojoawo, O.J; Adesina, M.A; Yusuf, S.A
Azadirachta indica popularly referred to as Neem plant is one of the plants found in almost all parts of the world. In Nigeria, the plant is famously consumed in its raw form, but efforts have been made to present the products in a variety of forms through processing. Despite this value addition, however, little research has been done in assessing the readiness of the consumers to pay more for the extra entrepreneurial labour in presenting the product in a more acceptable way. Thus, this study investigates household’s willingness-to-pay (WTP) for value addition in Neem-based products in Ibadan, Oyo State, Nigeria. Primary data were collected from one hundred and twenty-one (121) respondents using multi-stage sampling procedure. Data were analysed using descriptive statistics, contingent valuation method and logit regression model. Results show that 57.85% of the respondents were willing to pay highest amount for NAFDAC certification (𝑋 ̅: N615.57±116.48) followed by Brand name (53.72%; 𝑋 ̅: N538.92±328.26). Respondents were also mostly familiar with Neem powder (58.67%) and Neem soap (53.71%). However, this did not translate to usage. Age, gender, education level, occupation type and monthly expenditure were some of the factors determining WTP. The study recommends creating adequate awareness on the benefits of Neem-based products as well as formulation of policies that guarantee safety of product consumption.
Production Efficiency in Small Agriculture: Do Migrant Remittances Matter? Evidence from Rural Nigeria
(2018) Odozi,J.C; Adeniyi, O.; Yusuf, S.A
This paper investigates how remittances ow to Nigeria from household migrants correlate with farm production efficiency of the left behind in rural areas using the Living Standard Measurement Survey data set. We applied the production frontier model from which efficiency scores for two groups of farmers were recovered: migrant households and non-migrant households. We subjected the efficiency scores to Anova and stochastic dominance analyses. Mean production efficiency for migrant households was significantly higher at p < 0:05. Across all percentiles, migrant households had higher technical efficiency level compared to households without migrants. Thus rejecting the hypothesis of negative production efficiency effect of migrant remittances ow to farm households. While policy programmes should promote labour mobility and remittances, it supposes a complementary policy that promote labour saving farm technologies
Social Capital and Household Welfare in Kwara State, Nigeria
(2018) Yusuf, S.A
This study examined the effects of social capital on household welfare in Kwara State, Nigeria.The data for the study were collected from 315 households in six local government areas (LGAs) of the state using probability proportionate to size of the registered institutions in the LGAs. Data analysis was done using descriptive statistics, social capital indices and regression technique. Average age of household heads stood at 44.3 years with about 8 years of formal education. Household size was 7 members with monthly per capita income of N4, 184.40. About 49.9% of the per capita expenditure of N3, 059.52 was spent on food. Household own production constituted 31.4% of the total food expenditure. Membership of households in local level institutions averaged 6 with urban households belonging to one less institutions. Households attended two out of every three meetings and had moderate level of active participation in decision making of 57.5%. The index of heterogeneity at 29.1 indicated low level of diversity of the associations. Monthly cash contribution was highest for members in religious associations amounting to N1,574.53 followed by cooperative associations at N1, 015.03. A one-unit increase in social capital would increase household per capita expenditure by 0.15%. Disaggregation of social capital into its components showed that its effect on welfare was traceable to membership and active participation in decision making of households in associations. Social capital was truly exogenous to household’s welfare with no reverse causality. The study concluded that social capital positively affected household welfare