Factors Influencing Enterprise Profit among Agribusiness Green Technology Adopters in Ibadan, Oyo State, Nigeria

Olaoluwa Ayodeji Adebayo

Problems of World Agriculture / Problemy Rolnictwa Światowego, 2025, vol. 25, issue 4

Abstract: The increasing promotion of green technologies in agriculture is often justified on environmental grounds, yet empirical evidence on their economic implications for agribusiness enterprises in Nigeria remains limited. This study was therefore justified by the need to understand whether and under what conditions green technology adoption translates into improved enterprise profitability. The purpose of the study was to examine the selected factors influencing the profitability of agribusiness enterprises in Ibadan, Oyo State, Nigeria that have adopted green technology. A descriptive survey design was adopted, and primary data were collected from 120 agribusiness green technology adopters using a structured questionnaire. Data were analysed using descriptive statistics and multiple linear regression. The results revealed that age and work experience significantly and positively influenced enterprise profit, while household size and educational status were not significant. Among adoption-related factors, government support and market access positively affected profitability, whereas high technology cost, inadequate resources, and ineffective access to information constrained profit. The model explained about 42% of the variation in enterprise profit. The study concludes that green technology adoption alone does not guarantee higher profitability; rather, supportive institutional frameworks, affordable technologies, adequate resources, and market linkages are critical for translating environmental innovations into economic gains. Policy interventions should therefore integrate financial, informational, and market-support mechanisms to enhance both the profitability and sustainability of agribusinesses.

Keywords: Agribusiness; Sustainability (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/387577/files/1_Adebayo.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:polpwa:387577

DOI: 10.22004/ag.econ.387577

Access Statistics for this article

More articles in Problems of World Agriculture / Problemy Rolnictwa Światowego from Warsaw University of Life Sciences Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().