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Profitability of Cashew Nut Marketing in Oyo State, Nigeria

Author

Listed:
  • OJEDOKUN Ajibola Olajide

    (Department of Agriculture, Lagos State University, Epe Campus, Lagos State, Nigeria)

  • OGUNLEYE Kehinde Yewande

    (Department of Agricultural Extension, Ladoke Akintola University of Technology, Ogbomoso, Osun State, Nigeria)

  • Bumaa ADELOWO Idris

    (Department of Agricultural Extension, Ladoke Akintola University of Technology, Ogbomoso, Osun State, Nigeria)

Abstract

The study was conducted to evaluate the profitability of cashew nut marketing in Oyo State, Nigeria. The study used primary data which was collected from a total of one hundred and twenty marketers using simple random sampling technique. The data were analysed using descriptive statistics, budgetary analysis and multiple regression analytical technique. The study showed that marketing of cashew nut is productive and profitable. The study also revealed that marketing costs, selling price, purchase price, quantity of cashew nut purchased and transportation costs significantly influenced cashew nut marketing. The study thus recommended that adequate transportation should be provided by government and the existing roads should be refurbished to minimize transportation costs.

Suggested Citation

  • OJEDOKUN Ajibola Olajide & OGUNLEYE Kehinde Yewande & Bumaa ADELOWO Idris, 2020. "Profitability of Cashew Nut Marketing in Oyo State, Nigeria," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 7(5), pages 01-05, May.
    • Handle: RePEc:bjc:journl:v:7:y:2020:i:5:p:01-05
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    References listed on IDEAS

    as
    1. Camillus Abawiera Wongnaa & Stephen Opoku Mensah & Alexander Ayogyam & Lydia Asare-kyire & ZU KWAME SEYRAM ANTHONY, 2014. "Economics of tomato marketing in Ashanti Region, Ghana," Russian Journal of Agricultural and Socio-Economic Sciences, CyberLeninka;Редакция журнала Russian Journal of Agricultural and Socio-Economic Sciences, vol. 26(2), pages 3-13.
    2. Obayelu, A. E. & Arowolo, A. O. & Ibrahim, S. B. & Croffie, A. Q., 2014. "Economics of Fresh Tomato Marketing in Kosofe Local Government Area of Lagos State, Nigeria," Nigerian Journal of Agricultural Economics, Nigerian Journal of Agricultural Economics, vol. 4(1).
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