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Profitability of ornamental plant business in Akwa Ibom State, Nigeria

Year 2018, Volume: 6 Issue: 1, 35 - 43, 24.02.2018

Abstract

Ornamental plant enterprise contributes to income generation and socio-economic development of a state, but due to paucity of information on its cost-benefit analysis, it has not been embraced as a viable business venture in Akwa Ibom State, Nigeria. This study therefore, examined the profitability of ornamental plant business in the state. Forty-two ornamental plant nursery operators were identified from six Local Government Areas, namely Eket, Oron, Ikot Ekpene, Abak, Uyo and Etinan, which were purposively selected from the 31 Local Government Areas in the State. Data were generated from these operators using pre-tested questionnaire, oral interviews and direct observation, and analyzed using budgetary technique and multiple regression. The results showed that the business was profitable with mean return of $369.73 (₦131,622.62) per annum to farmer’s labour and management. Nursery size, polypots, seed/cuttings and fertilizer/manure had significant positive effects on revenue (p< 0.01) and (p<0.10) respectively, while rent had significant negative effect on revenue (p<0.05). About 88.66% of variations in the receipts from the business were explained by the variable used in the model. It is therefore recommended that people should be enlightened on the profitability potential of the enterprise in order to encourage young school leavers to go into the business thereby sustaining livelihood and also reduce youth unemployment currently experienced in the country.

References

  • Abegunde, A. A., Emmanuel, O. O., Damal, O. and Olufunmilayo J. O. (2009). Commercial Horticultural Practice in Nigeria: It socio-spatial effect in Lagos City. African Journal of Agricultural Research, 4 (10): 1064-1072.
  • Aiyeloja, A. A. and Larinde, L. (2006). Investment and Employment Opportunities in Small Scale Forest Based Enterprises. In: Popoola, L (ed.), Forestry at Cross Roads in Nigeria. Proceeding of the 31st Annual Conference of Forestry Association of Nigeria (FAN) held in Makurdi, Benue State, Nigeria, 20–25th November 2006, pp 449–453.
  • Akwa Ibom Agricultural Development Programme (AKADEP) (2006). Office Records of Department of Planning, Research and Statistics. Uyo Akwa Ibom State, Nigeria: AKADEP Headquarters.
  • Akwa Ibom State (AKS, 1989). Akwa Ibom State: Physical Background, Soils, Landuse and Ecological Problems. Uyo: Akwa Ibom State Government. pp 8-15.
  • Babalola, F. D. (2008). Assessment of Small Scale Private Nursery Enterprise in Ibadan, Oyo State Nigeria. Smallscale Forestry, 7: 263-273.
  • Badmus, M. A. and Yekinni, O. T. (2011). Economic Analysis of Exotic Vegetable Production among Urban Fadama Women Farmers in Akinyele Local Government Area Oyo State, Nigeria. International Journal of Agricultural Economics and Rural Development, 4(1): 19-24.
  • Doldur, H. (2008). Production and Trade of the Cut Flower. Geogr. J., 16: 26-45
  • DPT (State Planning Organization) (2001). Plant Production Specialization Commission Ornamental Plants Sub Commission Cut Flowers Report VIII: Five Year Development Plans, DPT 2645- ÖİK 653, Ankara.
  • Ekanem, E. (2010). Climate Characteristics, In: Usoro, E and Akpan, P. Akwa Ibom State- A Geographical Perspective, Enugu: Immaculate Publications Limited, pp 10-13.
  • Emuh, F. N. and Ofuoku, A. O. U. (2011). Analysis and Adoption of Farmyard Manure among Small-scale Farmers in Delta State, Nigeria. International Journal of Science and Nature, 2(4): 813-820.
  • Ezedinma, C. E. and Comfort, C. (1999). Environment and Urbanization. International Institute for Environmental Development Bulletin. 5p.
  • Fakayode, B. S, Adewumi, M. O, Rahji, M. A. Y. and Jolaiya, J. A. (2008). Viability and Resource Use in Ornamental Plants Nursery Business in Nigeria. European Journal of Social Sciences, 6(4): 19 – 28.
  • Imanishi, T., Akaza, T., Kimura, A., Tokunaga, K. and Gojobori, T. (1992). Allele and Haplotype frequencies for HLA and complement loci in various ethnic groups. In: Tsuji K., Aizawa M., Sasazuki T. (eds.) Proceedings of the Eleventh International Histocompatibility Workshop and Conference. New York; Oxford Science Publications, pp. 1065–1220.
  • Mailumo, S. S., Okonkwo, M. C. and Afrika, B. M. (2006). Socio-economic Analysis of Tree Seedlings Production in Nurseries: Evidence from Municipal Area Council, Abuja, FCT, Nigeria. In: Popoola, L. (ed), Forestry at Cross Roads in Nigeria. Proceeding of the 31st Annual Conference of Forestry Association of Nigeria (FAN), held in Makurdi, Benue State, Nigeria, 20–25th Nov., 2006. pp 492–499.
  • Middleton, E. (2011). Sources of New Ornamental Plants: The Importance of Heritage Plants and Plants Relicts from Historic Place and Old Gardens. SAJAH, 26(2); 55-67.
  • Muhammad-Lawal, A., Adenuga, A. H., Olatinwo, K. B. and Saadu, T. A. (2012). Economic Analysis of Floricultural Plants Production in Kwara State, North Central Nigeria. Asian Journal of Agriculture and Rural Development, 3(2): 373-380.
  • Nelson, I. U. (2015). Economic Analysis of Small Scale Ornamental Plant Production and Marketing in Akwa Ibom State, Nigeria. Unpublished M.Sc Thesis. University of Uyo, Akwa Ibom State. Nigeria. 148pp.
  • NPC (2007). 2006 National Population Census Result: Legal Notice on the Details of the Breakdown of the National and State Provisional Totals. National Population Commission. Printed and published by the Federal Government Printer, Lagos, Nigeria. FGP71/52007/2500(OL24)
  • Ofuoku, A. U., Achoja, F. O. and Iwhiwhu, G. A. (2006). Economic Analysis of Small Scale Farmers to Adopt Farm Yard Manure Technology in Delta State, Nigeria. In: Adepoju, S. O and P. B. Okuneye (eds). Technology and Agricultural Development in Nigeria. Proceedings of the 20th Annual National Conference of Farm Management Association of Nigeria held in Plateau State, 18th-21th September, 2006, pp. 250-257
  • Peters, W. S., Edet, R. and Okon E. U. (1994). Akwa Ibom State The Land of Promise Compendium. Uyo: Akwa Ibom State Government Press, pp. 261-358.
  • Salawu, E. O. and I. A. Darabidan (2010). Screening of Selected Ornamental Plants to Meloidogyne incognita in Nigeria. Pakistan Journal of Nematology 28 (2); 353-358
  • Society of American Florists (2006). Overview of the Floriculture Industry. Society of American Florist Bulletin. 42p
  • Udo, E. S., Nelson, I.U and Udofia, S. I. (2015). Production and Marketing of Ornamental plants in Akwa Ibom State, Nigeria. Journal of Forestry, Environment and Sustainable Development, 1(2): 10-23
  • Zakaria, M. S., Ashraf, H. F. and Serag, E. Y. (2009). Direct and Residual Effects of Nitrogen Fertilization, Foliar Application of Potassium and Plant Growth Retardant on Egyptian Cotton Growth, Seed Yield, Seed viability and Seedling Vigor. Acta Ecologica Sinica, 29: 116-123
Year 2018, Volume: 6 Issue: 1, 35 - 43, 24.02.2018

Abstract

References

  • Abegunde, A. A., Emmanuel, O. O., Damal, O. and Olufunmilayo J. O. (2009). Commercial Horticultural Practice in Nigeria: It socio-spatial effect in Lagos City. African Journal of Agricultural Research, 4 (10): 1064-1072.
  • Aiyeloja, A. A. and Larinde, L. (2006). Investment and Employment Opportunities in Small Scale Forest Based Enterprises. In: Popoola, L (ed.), Forestry at Cross Roads in Nigeria. Proceeding of the 31st Annual Conference of Forestry Association of Nigeria (FAN) held in Makurdi, Benue State, Nigeria, 20–25th November 2006, pp 449–453.
  • Akwa Ibom Agricultural Development Programme (AKADEP) (2006). Office Records of Department of Planning, Research and Statistics. Uyo Akwa Ibom State, Nigeria: AKADEP Headquarters.
  • Akwa Ibom State (AKS, 1989). Akwa Ibom State: Physical Background, Soils, Landuse and Ecological Problems. Uyo: Akwa Ibom State Government. pp 8-15.
  • Babalola, F. D. (2008). Assessment of Small Scale Private Nursery Enterprise in Ibadan, Oyo State Nigeria. Smallscale Forestry, 7: 263-273.
  • Badmus, M. A. and Yekinni, O. T. (2011). Economic Analysis of Exotic Vegetable Production among Urban Fadama Women Farmers in Akinyele Local Government Area Oyo State, Nigeria. International Journal of Agricultural Economics and Rural Development, 4(1): 19-24.
  • Doldur, H. (2008). Production and Trade of the Cut Flower. Geogr. J., 16: 26-45
  • DPT (State Planning Organization) (2001). Plant Production Specialization Commission Ornamental Plants Sub Commission Cut Flowers Report VIII: Five Year Development Plans, DPT 2645- ÖİK 653, Ankara.
  • Ekanem, E. (2010). Climate Characteristics, In: Usoro, E and Akpan, P. Akwa Ibom State- A Geographical Perspective, Enugu: Immaculate Publications Limited, pp 10-13.
  • Emuh, F. N. and Ofuoku, A. O. U. (2011). Analysis and Adoption of Farmyard Manure among Small-scale Farmers in Delta State, Nigeria. International Journal of Science and Nature, 2(4): 813-820.
  • Ezedinma, C. E. and Comfort, C. (1999). Environment and Urbanization. International Institute for Environmental Development Bulletin. 5p.
  • Fakayode, B. S, Adewumi, M. O, Rahji, M. A. Y. and Jolaiya, J. A. (2008). Viability and Resource Use in Ornamental Plants Nursery Business in Nigeria. European Journal of Social Sciences, 6(4): 19 – 28.
  • Imanishi, T., Akaza, T., Kimura, A., Tokunaga, K. and Gojobori, T. (1992). Allele and Haplotype frequencies for HLA and complement loci in various ethnic groups. In: Tsuji K., Aizawa M., Sasazuki T. (eds.) Proceedings of the Eleventh International Histocompatibility Workshop and Conference. New York; Oxford Science Publications, pp. 1065–1220.
  • Mailumo, S. S., Okonkwo, M. C. and Afrika, B. M. (2006). Socio-economic Analysis of Tree Seedlings Production in Nurseries: Evidence from Municipal Area Council, Abuja, FCT, Nigeria. In: Popoola, L. (ed), Forestry at Cross Roads in Nigeria. Proceeding of the 31st Annual Conference of Forestry Association of Nigeria (FAN), held in Makurdi, Benue State, Nigeria, 20–25th Nov., 2006. pp 492–499.
  • Middleton, E. (2011). Sources of New Ornamental Plants: The Importance of Heritage Plants and Plants Relicts from Historic Place and Old Gardens. SAJAH, 26(2); 55-67.
  • Muhammad-Lawal, A., Adenuga, A. H., Olatinwo, K. B. and Saadu, T. A. (2012). Economic Analysis of Floricultural Plants Production in Kwara State, North Central Nigeria. Asian Journal of Agriculture and Rural Development, 3(2): 373-380.
  • Nelson, I. U. (2015). Economic Analysis of Small Scale Ornamental Plant Production and Marketing in Akwa Ibom State, Nigeria. Unpublished M.Sc Thesis. University of Uyo, Akwa Ibom State. Nigeria. 148pp.
  • NPC (2007). 2006 National Population Census Result: Legal Notice on the Details of the Breakdown of the National and State Provisional Totals. National Population Commission. Printed and published by the Federal Government Printer, Lagos, Nigeria. FGP71/52007/2500(OL24)
  • Ofuoku, A. U., Achoja, F. O. and Iwhiwhu, G. A. (2006). Economic Analysis of Small Scale Farmers to Adopt Farm Yard Manure Technology in Delta State, Nigeria. In: Adepoju, S. O and P. B. Okuneye (eds). Technology and Agricultural Development in Nigeria. Proceedings of the 20th Annual National Conference of Farm Management Association of Nigeria held in Plateau State, 18th-21th September, 2006, pp. 250-257
  • Peters, W. S., Edet, R. and Okon E. U. (1994). Akwa Ibom State The Land of Promise Compendium. Uyo: Akwa Ibom State Government Press, pp. 261-358.
  • Salawu, E. O. and I. A. Darabidan (2010). Screening of Selected Ornamental Plants to Meloidogyne incognita in Nigeria. Pakistan Journal of Nematology 28 (2); 353-358
  • Society of American Florists (2006). Overview of the Floriculture Industry. Society of American Florist Bulletin. 42p
  • Udo, E. S., Nelson, I.U and Udofia, S. I. (2015). Production and Marketing of Ornamental plants in Akwa Ibom State, Nigeria. Journal of Forestry, Environment and Sustainable Development, 1(2): 10-23
  • Zakaria, M. S., Ashraf, H. F. and Serag, E. Y. (2009). Direct and Residual Effects of Nitrogen Fertilization, Foliar Application of Potassium and Plant Growth Retardant on Egyptian Cotton Growth, Seed Yield, Seed viability and Seedling Vigor. Acta Ecologica Sinica, 29: 116-123
There are 24 citations in total.

Details

Journal Section Articles
Authors

Daniel Etim Jacob This is me

İmaobong Ufot Nelson This is me

Enefiok Sunday Udo This is me

Publication Date February 24, 2018
Submission Date November 10, 2017
Published in Issue Year 2018 Volume: 6 Issue: 1

Cite

APA Jacob, D. E., Nelson, İ. U., & Udo, E. S. (2018). Profitability of ornamental plant business in Akwa Ibom State, Nigeria. Eurasian Journal of Forest Science, 6(1), 35-43.

E-mail: Hbarist@gmail.com 

ISSN: 2147-7493

Eurasian Journal of Forest Science © 2013 is licensed under CC BY 4.0