Analysis of Savings and Investment Patterns Among Rural Farming Households in Yewa Division, Ogun State, Nigeria

Abstract

This study examined the analysis of savings and investment patterns among rural farming households in Yewa Division of Ogun State, Nigeria. The study was based on primary data obtained in a cross-section of 120 farming households drawn by multi- stage random sampling.Results showed that 44.2% were males with age bracket 31 – 40 years. The famers were mostly married 90.8% and 52.5% practice Islamic religion. The percentage of those that were educated was 64.2% and majority of these farmers (37.5%) had a farming experience of about 6-10years. The income level earned by these farmers was majorly between N20,000.00–N40,000.00 which is approximately (50%) of the entire sampled households.The Regression 2 Analysis of the determinants of savings among the respondents revealed an Adjusted R value of 0.579 which implies that 57.9% of the variation in dependent variable (Y) which is farm output is accounted for by the selection of socio-economic variables (X -X ) included in the model.Evidence from the study shows that 1 8 age, marital status and return on investment are statically significant in determining the investment pattern of the farmers in the survey area. It is therefore recommended that support should be given for the establishment of farm service centres reasonably close to the farmers, through which they may be able to gain access to modern inputs

Activity Based Classification Analysis of Sachet Table Water Production Enterprise in Gombe State, Nigeria

“…And this might be attributed to the consciousness on production activities that they had with experience on farm management, since almost all the populace in that area were agrarians and had better educational background than those in Gombe Central. This is in line with Akerele and Oyebanjo (2014) who reported that education is an important factor that makes an individual to have a sense of recognition and utilization of investment opportunities. It is also in line with Kolo et al (2015) who had the view that years of experience have a positive effect of an individuals' managerial ability, decisions, perception and understanding of socioeconomic factors affecting farm activities.…”

Toward tailored interventions in plantain (Musa paradisiaca L.) industry: Insights from heterogeneity and constraints to plantain-based cropping systems in South-Benin

“…Literature review showed that the existing literature poorly addressed this thematic in banana and plantain production and in Benin ( Abiola et al, 2020 ; Akerele et al, 2019 ; Blazy et al, 2009 ; Chabi et al, 2018 ; Dé et al, 2019 ; Faï et al, 2018 ; Patel et al, 2020 ). As matter of fact, previous studies used the statistical approach ( Ahouangninou et al, 2021 ; Bellamy, 2013 ; Loyola et al, 2018 ), while analyzing in a general way the limiting factors in banana and plantain production ( Akinyemi et al, 2013 ; Baruwa et al, 2015 ; Dassou et al, 2021 ; Muthee et al, 2019 ; Nandwani, 2010 ).…”