Agricultural Economics
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Item 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.AAzadirachta 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.Item Social Capital and Household Welfare in Kwara State, Nigeria(2018) Yusuf, S.AThis 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 welfareItem Production Efficiency in Small Agriculture: Do Migrant Remittances Matter? Evidence from Rural Nigeria(2018) Odozi,J.C; Adeniyi, O.; Yusuf, S.AThis 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 technologiesItem Factors Influencing Choice of Pesticides Used by Grain Farmers in Southwest Nigeria(2014) Adejumo, O.A; Ojoko, E.A; Yusuf, S.APesticide 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 hazardsItem Effect of Liquidity Management on Profitability of Commercial Banks in Nigeria(2021) Olaleye, O.A; Adesina, M.A; Yusuf, S.ACommercial 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