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 Technical and Allocative Efficiency of Poultry Egg Producers in Nigeria(2011) Ashagidigbi, W.M.; Sulaiman, S.A.; Adesiyan, AThis study carried out an analysis of the determinants of efficiency among poultry egg farmers in Jos metropolis of Plateau state, Nigeria. A three stage random sampling technique was used in collecting the data used for this study. The study shows clearly that farm size and cost of drugs are the most important inputs in poultry egg production in the area. About 69% variation in the output of poultry egg production was found to be due to the technical inefficiency of the farmers. Technical efficiency of poultry egg farmers in the study area was found to be high with a mean of 94.2%. Further, analysis reveals that the intensity of output (total production), average price of feed, price of drugs, capital input and cost on utilities are the determinants of allocative efficiency while farming experience and access to credit facilities have significant impact on cost inefficiency. The study recommended the need for stakeholders in poultry egg production to intensify effort in ensuring farmers access to credit and extension services and also sensitize farmers with respect to the right level of input combinations that can improve efficiency level of poultry egg production in NigeriaItem 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 Risk, recessions and resilience of sub-Saharan African economies(2012) Nwuawa1, L. O. E; Yusuf S. A; Akintunde K. O.; Ikheloa E.EThe ability to predict overall developments in the economy is extremely limited. The track record of forecasting is very poor, especially immediately before or during recessions when good forecasts are needed most by policy-makers. This paper examined facts on duration and size of recessions, which can be used by policy-makers in assessing macroeconomic risks. In addition, models of the business cycle in economic theory will be required to replicate or substantiate these facts. Evidence is taken from 17 Sub Saharan African economies between the periods of 1960 to 2010. Two definitions of recession are used, and the resulting analyses from the two are robust with respect to the definitions. The striking feature of the data is the resilience of the economies. The majority of recessions last for a year and small minority persisted for more than 2 years. However, in terms of size and duration, the bigger the recession and the longer it persisted, the less likely recovery becomes. This is not consistent with the assumption made in mainstream macroeconomic theory that business fluctuations are driven by recurring identically independently distributed random shocksItem 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 Impact of community driven development project: a case of fadama ii project in oyo state, nigeria(2013) Adeoye, A.; Balogun, O.L; Yusuf, S.A.; Ayantoye, KThis paper evaluates impact of Community Driven Development programme on infrastructure under National Fadama II Project in Oyo State Nigeria. Data were collected from two hundred and sixty-four farmers using multistage sampling procedures. Data were analyzed using descriptive statistics and infrastructure index. The result shows that average infrastructural index in the area was 0.42. Forty-four villages were classified as infrastructural developed villages (IDV) while the remaining were infrastructural under-developed villages (IUV). The study therefore calls for the involvement of both private and public organization in construction and rehabilitation of rural infrastructure, processing services centers and researches on labour saving devices for agriculture in the study areaItem 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 urban household farming on food security status in ibadan metropolis, oyo state, nigeria(2015) Yusuf, S.A.; Balogun, O.L; Falegbe, O.EAgriculture is an important tool for reducing the effects of household food insecurity, unemployment and poverty which are major problems in urban areas in Nigeria. Food insecurity continues to worsen in some urban areas of the country and many households resulted into urban farming as a means of coping. The study investigated the effect of urban household farming on food security status in Ibadan metropolis, Oyo State, Nigeria. Primary data was collected for the study using structured questionnaire. Two-stage sampling technique was employed for this study. The first stage involved the random selection of two urban local government areas from Ibadan metropolis. This was followed with the selection of 110 urban farming households from these local government areas. Data were analyzed using descriptive statistics, Foster-Greer-Thorbecke and probit regression. Results showed that sex, years of schooling, marital status, household size, access to extension agent, hired labor and type of farming enterprises are determinants of food security. The study recommends the policies that make extension services accessible to urban farmers and also skills development among othersItem 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 profitabilityItem Welfare Effects of Policy-induced Rising Food Prices on Farm Households in Nigeria(AgEcon search, 2014) Shittu, A. M.; Obayelu, O.A.; Salman, K. K.Against the background that domestic policies in Nigeria have been linked to an endemic - high, volatile and rising food prices in the country, this paper empirically examined the transmission of key monetary policy variables to domestic food prices in Nigeria. Furthermore, the study employed estimates of policy induced price changes from estimated cointegrating relations between commodity prices and policy variables, and demand elasticities from a system of household demand equations to estimate the associated compensating variation as a measure of the welfare impacts on farm households. The study found that government management of exchange rates and money supplies as well as withdrawal of subsidies from petroleum products have been the main driver of rising food prices in the country. While an average farmer was found to have benefited from the policy induced rising food prices with the mean compensated variation of -3.3% of the household budget, most of the farm households ended up being losers. The gainers were mostly owners of the relatively few large farms (-36.9%) including the commercial livestock farms (-38.9%), rice farm (-35.0%), and fish farms (-27.8%). Smallholders, which constituted about three-quarter of the farm households, lost on the average, about 8.1% of their purchasing power to the rising food prices, with female headed households also loosing 6.6% of their purchasing power.