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Economic Assessment of the Effect of the Nigerian Technology Incubation Programme on Agro-allied Small and Medium Scale Enterprises

Author

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  • Ayinde, I. A.
  • Kareem, R. O.
  • Lasisi, K.

Abstract

The focus of the study was to analyse the performance of Technology Incubation Centres (TIC) on the Agro-allied industry. Total enumeration technique was used to select forty entrepreneurs from the three existing TICs covered by the study. Survey method through administration of structured questionnaire was adopted by the study. The data collected include monthly turnover, net worth before joining the TIC and the net worth after. The data were analysed using descriptive statistics, student T-test and OLS regression analysis. The study revealed that the mean age of incubatees was 52 years. Most (85.0%) of them were males while all of them were educated. Also, 60.00% of the entrepreneurs were involved in agro-allied food processing while 22.5% and 17.50% produced consumer goods and simple manufacturing equipment, respectively. Regression results indicate that number of skilled labour (p<0.01) and educational background of incubatees (p<0.05) significantly influenced the net worth of the agro-allied SMEs in TIC. Major challenges of the respondents were funding, technical know-how and certification of their products. The study concluded that TIC is a worthwhile policy intervention for SMEs agro-allied business. The study recommended that incorporation of more educated entrepreneurs would improve agro-allied SMEs productivity among others, and stimulate the activities of TIC.

Suggested Citation

  • Ayinde, I. A. & Kareem, R. O. & Lasisi, K., 2014. "Economic Assessment of the Effect of the Nigerian Technology Incubation Programme on Agro-allied Small and Medium Scale Enterprises," Nigerian Journal of Agricultural Economics, Nigerian Journal of Agricultural Economics, vol. 4(01).
    • Handle: RePEc:ags:naaenj:267887
    DOI: 10.22004/ag.econ.267887
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    References listed on IDEAS

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    1. Verónica M. Gonzalez Diez & Pablo Ibarrarán & Alessandro Maffioli & Sandra Rozo, 2009. "The Impact of Technology Adoption on Agricultural Productivity: The Case of the Dominican Republic," IDB Publications (Working Papers) 25938, Inter-American Development Bank.
    2. Veronica González & Pablo Ibarrarán & Alessandro Maffioli & Sandra Rozo, 2009. "The Impact of Technology Adoption on Agricultural Productivity: The Case of the Dominican Republic," OVE Working Papers 0509, Inter-American Development Bank, Office of Evaluation and Oversight (OVE).
    3. Bronwyn Hall & Alessandro Maffioli, 2008. "Evaluating the impact of technology development funds in emerging economies: evidence from Latin America," The European Journal of Development Research, Taylor and Francis Journals, vol. 20(2), pages 172-198.
    4. Bronwyn Hall & Alessandro Maffioli, 2008. "Evaluating the impact of technology development funds in emerging economies: evidence from Latin America," The European Journal of Development Research, Taylor and Francis Journals, vol. 20(2), pages 172-198.
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