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International Journal of Applied Research
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ISSN Print: 2394-7500, ISSN Online: 2394-5869, CODEN: IJARPF

Impact Factor: RJIF 8.4

International Journal of Applied Research

Vol. 5, Issue 12, Part D (2019)

Comparative analysis of income of palm oil processors using modern and traditional methods in Ankpa local government, Kogi state, Nigeria

Author(s)
Oyibo F, Ajibade YE, Haruna OE and Omieza MZ
Abstract
The study described the socio- economic characteristics of palm oil processors in Ankpa Local Government area, Kogi State. The income generated by modern and traditional processors were estimated and factors that determined the income generated were examined. Also, the constraints facing palm oil processing were identified in the study. Primary data were collected from the respondents using structured questionnaire couple with interview. Multi- stage sampling technique were employed to elicit information from one hundred and forty respondents. Descriptive analysis and inferential statistics were used for data analysis. The results revealed that majority (73.6.0%) of palm oil processors in the study area were female. About 86.0% 0f the respondents were married and majorly (79.2%) were within the range of twenty to sixty years old. Above 50% had between 1-5 members in their households. Only about 19.3% have no formal education and the rest were literate with primary, secondary and tertiary education. Majority (73.6%) had their capital base from personal savings. The mean income from the mechanized method of processing was N156, 990:00k per month while that of traditional method of processing was N74, 700:00k per month and the difference in the mean of both modern and traditional processing method was N84, 960:00k per month. The regression analysis showed that palm oil output, educational status, household size and processing method had significant effects on the processors income at 1%, 5% and 10% respectively. Thus, more men should be encouraged to process palm oil, extension agents should educate the traditional processors to adopt modern method and financial aid should be made available to encourage more production by the government.
Pages: 233-238  |  167 Views  3 Downloads
How to cite this article:
Oyibo F, Ajibade YE, Haruna OE, Omieza MZ. Comparative analysis of income of palm oil processors using modern and traditional methods in Ankpa local government, Kogi state, Nigeria. Int J Appl Res 2019;5(12):233-238.
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