Olayinka A. Adeagbo and Oluwabunmi O. Adejumo
The study was conducted to investigate the economics of dry season vegetable production in Ogun state, Nigeria.
Abstract
Purpose
The study was conducted to investigate the economics of dry season vegetable production in Ogun state, Nigeria.
Design/methodology/approach
Descriptive statistics, budgetary technique and regression analysis model were used to analyze the data collected from 120 respondents using multistage sampling technique.
Findings
Descriptive statistics showed that while the mean age of the farmers was 62.1 ± 38.78, the mean farming experience was 17.3 ± 12.84. Majority (56.7%) of the respondents were uneducated. Vegetable enterprise in the area was male-dominant. The result of budgetary analysis revealed that the average net and total income were ₦ 55,405.29 and ₦ 131,514, respectively. While the average total variable cost was ₦ 64,767.29, average total cost was ₦ 76,108.70. Benefit cost ratio and rate of returns were 1.73 and 0.73, respectively. The regression analysis revealed that revenue from vegetable production in the study area was influenced by farm size, seed quantity, farming experience, quantity of labor and fertilizer used.
Research limitations/implications
It is therefore imperative for policymakers to encourage dry season vegetable farming as a viable enterprise option for the unemployed and upcoming entrepreneurs. Meanwhile, the government should design and implement policies that would improve access to land, labor, quality seed, water and fertilizers.
Originality/value
The study adds to the growing body of literature on inherent prospects for labor and entrepreneurs as regards the opportunities latent in dry season farming activities.
Details
Keywords
Alirat Olayinka Agboola, Timothy Oluwafemi Ayodele and Aderemi Olofa
The purpose of this paper is to examine the potential of tax increment financing (TIF) as a viable financial mechanism for urban regeneration programmes in Nigeria. This is with a…
Abstract
Purpose
The purpose of this paper is to examine the potential of tax increment financing (TIF) as a viable financial mechanism for urban regeneration programmes in Nigeria. This is with a view to engendering a sustainable, productive and competitive urban land market towards enhancing the economic development of the country.
Design/methodology/approach
This paper adopts a desk-based study approach and review of secondary literature on urban regeneration and TIF to examine the usefulness of TIF for funding local infrastructure development. It then examines the key requirements for the successful application of TIF as a financial instrument for urban regeneration in an emergent economy like Nigeria.
Findings
A number of key requirements for a successful TIF programme particularly in the context of an emergent economy are identified. These are: a functional urban land market with well-developed and documented market indices on performance measurement to serve as reliable benchmarks for investors; an established land use planning system consisting of clear rules and effective decision-making processes; an active capital market that is accessible to institutional and private developers; a viable tax administration system and most importantly an efficient institutional framework with clearly defined formal property rights and sound enforcement mechanisms to monitor contractual agreements and to police deviations.
Originality/value
This paper represents a pioneering attempt at examining the prospects of the application of TIF to urban regeneration in the specific context of an emergent Sub-Saharan African country.