Determinants of profitability among small scale cassava processors in South Western Nigeria

Ehinmowo O.O., Afolabi J.A. and Fatuase A.I.
Additional contact information
Ehinmowo O.O.: Federal University of Technology
Afolabi J.A.: Federal University of Technology
Fatuase A.I.: Federal University of Technology

Russian Journal of Agricultural and Socio-Economic Sciences, 2015, vol. 37, issue 1, 23-28

Abstract: This study empirically analyzed the determinants of profitability among small scale cassava processors in Southwest, Nigeria. Three States were considered for the study which was Ogun, Oyo and Ondo. A multistage sampling technique was employed to randomly select 373 respondents. The data collected were analyzed using descriptive statistics and multiple regression models. The findings revealed that the cassava processing business was profitable in the study area given the value of gross margin (N45,485,680.00; N33,476,280.00 and N64,517,720.00) and net profit (N45,231,752.00; N33,254,740.00 and N64,177,111.00) for the three States (Ondo, Oyo and Ogun). The result of regression model indicated that education, year of experience, access to extension services, household size, cost of raw materials and types of cassava purchased were the factors that significantly determined profitability in the study area. The main challenges encountering by the processors were identified as inadequate capital, environmental hazard, cost of fuel, storage facilities and market problems.

Keywords: CASSAVA PROCESSORS; CASSAVA PRODUCTS; GROSS MARGIN; NET PROFIT (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
http://cyberleninka.ru/article/n/determinants-of-p ... outh-western-nigeria

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:scn:031261:16082011

Access Statistics for this article

More articles in Russian Journal of Agricultural and Socio-Economic Sciences from CyberLeninka, Редакция журнала Russian Journal of Agricultural and Socio-Economic Sciences
Bibliographic data for series maintained by CyberLeninka ().