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

Author

Listed:
  • EHINMOWO O.O.

    (Federal University of Technology)

  • AFOLABI J.A.

    (Federal University of Technology)

  • FATUASE A.I.

    (Federal University of Technology)

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.

Suggested Citation

  • Ehinmowo O.O. & Afolabi J.A. & Fatuase A.I., 2015. "Determinants of profitability among small scale cassava processors in South Western Nigeria," Russian Journal of Agricultural and Socio-Economic Sciences, CyberLeninka;Редакция журнала Russian Journal of Agricultural and Socio-Economic Sciences, vol. 37(1), pages 23-28.
    • Handle: RePEc:scn:031261:16082011
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