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Capital Investment Decisions on Entrepreneurial Agricultural Projects in Kwara State

Author

Listed:
  • Ehis T. Omoluabi

    (Vaal University of Technology)

  • Olufemi A. Akintunde

    (University of Lagos)

  • T. Florence

    (National Open University of Nigeria)

  • T.H. Haruna

    (Federal University)

Abstract

The purpose of this study was to assess the adequacy of the capital investment decisions of Youth Integrated Agricultural Project in Kwara State. The project has two parts: Youth Integrated Farm Training Centre and Farm Settlements. The Youth Integrated Farm Training Centre has produced 650 farmer-graduates, who are now working in the three locations where Farm Settlements are. The sixth batch consisting of 66 farmer-graduates provided the population of the study. From this population a purposive sample of 46 potential respondents was selected. These people filled a researcher-developed questionnaire. Thirty six correctly filled copies of the questionnaire were collected from the respondents. The responses of the thirty six framer-graduates were analyzed based on four research questions derived from the four objectives of the study. The major findings from this analysis were: (i) The Kwara State Government has invested a total of N65,408,129 on the Youth Integrated Agricultural Project in the last ten years; (ii) Seventy two percent of the respondents disagreed with the statements that the allowance paid to the trainees was sufficient. Moreover, ninety two percent of them disagreed with the statement that the empowerment packaged given to them to work in the Farm Settlements was adequate. In the same vein, seventy six percent disagreed that infrastructure in the Farm settlements were adequate; (iii) But the respondents agreed that infrastructure in the Farm Training Centre were adequate. In sum the State Government‘s capital investment decisions were not enough to make the Youth Integrated Agricultural project an unqualified success.

Suggested Citation

  • Ehis T. Omoluabi & Olufemi A. Akintunde & T. Florence & T.H. Haruna, 2016. "Capital Investment Decisions on Entrepreneurial Agricultural Projects in Kwara State," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 12(5), pages 141-154, OCTOBER.
    • Handle: RePEc:dug:actaec:y:2016:i:5:p:141-154
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    References listed on IDEAS

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    3. Larson, David F. & Butzer, Rita & Mundlak, Yair & Crego, Al, 2000. "A Cross-Country Database for Sector Investment and Capital," The World Bank Economic Review, World Bank, vol. 14(2), pages 371-391, May.
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