Browsing by Author "Ayinde, Opeyemi Eyitayo"
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Item Analysis of Post-Harvest Losses among Plantain/Banana Marketers in Lagos State, Nigeria(2009-01-01) Adewumi, M. O.; Ayinde, Opeyemi Eyitayo; Falana, O, I; Olatunji, G, B,This study focused on the economics of post harvest losses among plantain/banana marketers in Lagos state, Nigeria. The study described the socio-economic characteristics of the marketers; appraised the post harvest losses among the marketers; examined the costs and returns as well as the factors affecting post harvest losses of plantain/banana in the study area. The study revealed that majority of the marketers were female and there were more retailers than the wholesalers in all the markets studied. Almost all the marketers are literate with over 76% of them having secondary education. The bulk of the post harvest losses occurred among the wholesalers who procured their plantain/banana at farm gate in the villages. Post harvest losses were the significantly determined by the distance between the farm and the market, market experience, storage period, cost of storage and whether or not the marketers were members of a cooperative. Given the threat of plantain/banana glut during the on- season in the study area, it is suggested that the plantain marketers should form a viable cooperative society to cater for the marketing and storage of these farm produce within their locality.Item ANALYSIS OF THE IMPACT OF SELECTED ECONOMIC VARIABLES ON SORGHUM PRICES IN NIGERIA(Wydawnictwo Uniwersytetu Przyrodniczego w Poznaniu, 2017) Ajibade, Toyin Benedict; Ayinde, Opeyemi Eyitayo; Abdoulaye, Tahirou; Ojoko, Emmanuel AdaNigeria is the world’s leading producer of sorghum intended for use as food grain. Likewise, there has been growing industrial demand for sorghum in the livestock breeding and brewery sectors. As sorghum prices have been on the increase, it becomes pertinent to identify the determinants of this development in order to nip the imminent food crisis in the bud. This study relied on time series data spanning from 1970 to 2015 retrieved from FAOSTAT and World Bank databases. Analytical methods employed include the unit root test, cointegration test and error correction mechanism. The diagnostic tests indicated the presence of autocorrelation which was subsequently adjusted with the Cochrane-Orcutt procedure. Subsequent tests indicated that variables fit well to the model. As shown by the ADF unit root test, the modeled variables were non-stationary but became stationary after first differencing. At a significance level of 5%, the sorghum price was determined by gross domestic product (GDP), annual money supply, official exchange rate and crude oil price, both in the long and short run, whereas the lagged price of sorghum also had an effect on prices in the short run. The study recommends that macroeconomic variables such as GDP, annual money supply and official exchange rate be taken cognizance of when planning the agricultural development in Nigeria.Item Determinants and Efficiency of Maize Crop Marketing in Ilorin Metropolis(Faculty of Management Science, University of Ilorin, 2017-06) Ayinde, Opeyemi Eyitayo; Ibrahim, Hussain Kobe; Salami, Mercy Funke; Yusuf, K.O.Item DETERMINANTS OF PRICE OF YAM IN NIGERIA: A TIMES-SERIES ANALYSIS(Nigerian Journal of Agricultural Economics (NJAE)., 2018) Ajibade, Toyin Benedict; Ayinde, Opeyemi Eyitayo; Abdoulaye, Tahirou; Ayinde, KayodeWith a contribution of up to 71% to world output of yam, Nigeria remains the largest producing country with rural farmers having yam as second most commonly harvested tuber crop. Given its nutritional superiority to most roots and tubers in terms of digestible proteins and minerals and its relevance as a source of income for the poor majority of rural-farmers, the importance of yam in Nigeria cannot be overemphasized. There has however been a persistent price increase in yam, as well as other food commodities, in Nigeria. This study was therefore designed to investigate the determinants of rising yam price in Nigeria over the period 1970-2015. The study relied on time-series data sourced from FAOSTAT, Federal Bureau of Statistics and CBN Bulletin. Inferential statistics including unit-root test, cointegration and error correction model were employed in analysis. Autocorrelation was present in the model hence necessitating Cochrane-Orcutt approach. Results indicated that variables were nonstationary but became stationary after first differencing. At 5% significance level, on the long run, price of yam was determined by annual production (coef.=-0.8095), GDP (coef.=-3.009) and annual money supply (coef.=0.829). It is consequently recommended that programmes and strategies implemented to boost food production in Nigeria should be carried on viz-a-viz robust economic planning that keeps the significant macroeconomic variables at optimal levels in order to maintain the balance required for stabilization in food commodity prices. Likewise, efforts should be concerted in putting insurgency in Nigeria under checks considering the ill effect it has on farming and trading activities.Item Discovery of maize price and Food crop market dynamics in Nigeria(Review of Agricultural and Applied Economics, 2019) Ajibade, Toyin Benedict; Ayinde, Opeyemi Eyitayo; Abdoulaye, TahirouHaving the mandate of achieving food security in Nigeria, commendable efforts have been geared towards food production in the nation. Albeit the increasing production, price volatility has continued to perpetuate in food markets in Nigeria hence attaining food affordability, a precondition for food security, remains a mirage. An innovative approach to the food challenge therefore, may be to understand the food markets dynamics such as to gain insight into how the market works. In this study we focus on maize, a very important staple in Nigeria. We seek to identify the point of price discovery and markets that significantly influence price of maize. In furtherance, we examine the dynamic relationship existing among the markets and explored the responsiveness of the markets to price signals from the other markets. Our results showed that most of the markets examined behave in such a manner expected of open market however full market integration has not been achieved. It was revealed that prices of maize are discovered from major food market in the deficit production zone. Majority of the markets were responsive to one-time price shock from itself, although exhibiting exogeneity in the contemporaneous period but becoming endogenous by the long run (whereby other markets majorly influenced prices) hence indicating that the markets had commendable informational influence on one another. The study therefore recommended installing infrastructure for linkage of production with the demand zones if price stabilization is to be achieved. Regulatory bodies should also check activities of cartels in the influential markets.Item Economic Analysis of Yam Flour Marketing in Ilorin Metropolis of Kwara State, Nigeria(Faculty of Management Science, University of Ilorin, 2019-06-20) Salami, Mercy Funke; Ayinde, Opeyemi Eyitayo; Akinsola, Grace Oluwabukunmi; Awoyemi, Adeseye Oluwasikemi; Adesuyi, Michael AyodeleItem An Economic Assessment of Plantain Production in Rivers State, Nigeria(2011-01-02) Fakayode, B. S; Rahji, M. A. Y; Ayinde, Opeyemi Eyitayo; Nnmon, G. OThis study examined the profitability and resource-use of plantain production in Nigeria, using Rivers State Nigeria as a case study. The study sample respondents comprised eighty 80 plantain producing households. These were selected randomly across River State. The gross margin and regression analysis were used to analyse the farmers’ plantain production data. The result showed that the plantain farmers in the study area are aged and of poor literacy status Gross margin per hectare of plantain averaged N34,317.00 while net farm income averaged N31,267. Rate of returns on investment and rate of return on capital invested are 173 and 73 per cent respectively implying that plantain production is a profitable and viable venture. The OLS regression estimate showed that labour did not significantly influence plantain output. However land and planting material: sucker are shown to enhance plantain production Theft, bad roads, poor producer prices and high cost of fertilizer were reportedly the constraints to plantain production. The study therefore recommends subsidy on fertilizer, group marketing of plantain by farmers themselves via their cooperative, provision of basic rural infrastructural (road) and the rehabilitation of existing ones, so as to better rural life thereby attracting youth population to the rural areas for plantain productionItem Effect of Vertical Integration on Multidimensional Well-being of Fish Farmers in Lagos State Fish-hub, Nigeria(Mendel University, Brno (MENDELU), 2017) Ayinde, Opeyemi Eyitayo; Ibrahim, Hussain Kobe; Salami, Mercy FunkeVertical integration might be relevant to improve the well‑being of farmers particularly when thinking of how economic innovation ensures high utilization of resource and promote economic prosperity in Nigeria. However, the relationship of such proposition is yet to receive empirical attention in the fish hub. This study uncovers the effect of the vertical integration on the multi‑dimensional well‑being of fish producers in Lagos State fish hub. The study was examined using primary data collected from 103 integrated and 60 non‑integrated respondents. The data obtained were analyzed using descriptive statistics, Gross National Wellness (GNW) Index and Average Treatment Effect (ATE). The result of the GNW Index shows that both the integrated and non‑integrated farmers ranked the indicators of multidimensional wellness in the same order. They were satisfied with their social relations (8.70); physical and health status (7.91); mental and emotional status (7.41); work and income status (5.87) as well as their economic and retirement status (5.68). However, they were dissatisfied with the political and government condition (4.73) as well as their living environment (3.77). The ATE result shows that the indicators such as the political and government intervention; mental and emotional; work and income were the components of multidimensional wellbeing that was improved by vertical integration decision of the farmers in the fish hub. However, social relations; physical and health; living environment wellbeing dimensions were not affected by the vertical integration decision of the respondents. It is therefore recommended that fish farmers should integrate themselves so as to enjoy government interventions, better income status and better emotional wellness all of which will improve their wellbeing.Item Empirical Analysis of Agricultural Production and Inflation Rate in Nigeria (1970-2006),(Faculty of Agriculture, 2012-01-01) Olatunji, G. B.; Omotesho, O. A.; Ayinde, Opeyemi Eyitayo; Adewumi, M. OItem Empirical Study on Consumer Preference for Beverage in Ilorin, Kwara State, Nigeria(Faculty of Agriculture, 2014-01-01) Adewumi, M. O.; Ayinde, Opeyemi Eyitayo; Ajewole, O. O; Oladejo, M. O.The present study on consumer preference of beverage was carried out in Ilorin Metropolis. Kwara State, with the use of a well-structured questionnaire. The analytical techniques employed in this study include; descriptive statistics, the Likert scale, the least significant difference (LSD), and the AIDS Model. The result of the Likert scale established that reasonable price, aroma, taste and flavor are the qualities that the consumers prefer the most. The result of the AIDS model showed that the family size had positive and significant effect on the share of cocoa but it had no effect on tea and coffee. The educational status of the respondents also had a positive and significant effect on coffee but no effect on tea and cocoa products. The Marshallian own price and cross elasticities showed that the beverage under study were elastic and sensitive to changes in their own prices.Item Evaluation of Consumer Awareness of Risk Associated with Moringa Consumption in Ilorin Metropolis, Kwara State(University of ilorin, 2014-01-01) Ayinde, Opeyemi Eyitayo; Omotesho, K.F.; Animashaun, J.; Atanda, O. A.STRACT This study evaluated consumer awareness of risk associated with moringa consumption in Ilorin metropolis with a view to examining consumer level of awareness of the said risk as well as determining factors that influence their decision to consume Moringa product. Primary data were collected with the aid of a well structured questionnaire while (116) One hundred and sixteen respondents were randomly selected in the study area. The data were analysed using descriptive statistics, Kendall coefficient of concordance and Poisson regression model. The result shows that majority of Moringa consumers in the study area are female and it was also noted that most of the respondents are not aware of risk associated with Moringa consumption. The consumer perceived risks of Moringa consumption include loss of nutritional value from processing, contamination with microbes during processing, hypotension (low blood pressure), bleeding, dry mouth, loss of appetite, drowsiness, dizziness, depression, itching, anxiety, constipation, allergic reaction, stomach ache, change in weight, vomiting and miscarriage. A larger percentage of the respondents agree that there is nutritional loss and contamination with microbes during processing of Moringa. Majority of the respondents consumed Moringa products for its high nutritional value and medicinal values. However majority perceived its leaf products to present highest risk. Awareness of risk was found to have significant effect on consumer attitude towards the perceived risk at (p = 0.05). Most of the respondents perceived nutritional loss through processing and contamination during processing as a risky variable affecting moringa consumption. It is therefore recommended that more efforts should be made by moringa processors to improve on hygiene during the processing of moringa leaf into powder in order to enhance the consumer food security.Item Farm Planning under Risk and Uncertainty(University of ilorin, 2005-01-01) Ayinde, Opeyemi Eyitayo; Omotesho, O. A; Ayinde, KItem Inter-market and Seasonal Variation of Maize in Kwara State(Faculty of Agriculture, 2005-12-01) Ayinde, Opeyemi Eyitayo; Idris, O. AThis study investigated inter-market and seasonal variation in prices of maize in Kwara State. Secondary time series data on the average monthly retail price of maize in urban and rural markets between 1998 and 2003 were used for the study. Primary data on the average storage cost of maize and the average selling price of maize for 2004 were also used for the study. The study described the seasonal pattern of maize, examined its seasonal price rise and analyzed the inter-market variation in prices of maize in the study area. The study revealed that the seasonal price rise exceeds storage cost but the difference is minimal. The effect of kilometer separation between market- pairs on their Price difference is significant (p < 0.05). Thus, if storage cost should be reduced the Intermarket price variation will be reduced while transportation cost should also be reduced to facilitate the movement of food commodities between markets.Item Modelling the price of Maize and its Determinants in Nigeria: Error Correction Model Approach(Agricultural University of Tirana, 2018) Ajibade, Toyin Benedict; Ayinde, Opeyemi Eyitayo; Abdoulaye, Tahirou; Ayinde, KayodeMaize is one of the top-ranking cereals in Nigeria based on its use as staple food for the populace and also as raw material for several industries most especially in livestock feed production. Over the years, there has been volatility in maize prices evident in the fluctuation observed which is mostly of an upward trend. Rising food commodity prices, maize especially, coupled with the low income earnings of most individuals has far reaching implication on food security in Nigeria and of course welfare of many, considering maize is a major staple in the country. This study was therefore carried out to identify the determinants of maize price in Nigeria using an error correction approach. Time series data spanning 46 years (1970-2015) was used in the study. Data were secondarily sourced from FAOSTAT, CBN and NBS. Data collected were analysed using econometric tools including Unit root test, Cointegration test and Error correction mechanism. The study revealed that maize price in Nigeria responds negatively to the Gross Domestic Product and positively to Annual money supply, Official exchange rate and insurgency in the long run. Whereas in the short run, maize price is positively influenced by own export quantity, insurgency and trade liberalization while production has a negative influence on the price of maize. Some of the recommendations include the need to: take cognizance of the relevant macroeconomic variables in agricultural planning; encourage farmers to increase maize production; implement policies targeted at regulating maize export such as to ensure this is not detrimental to domestic availability; and intensify effort at tackling insurgency in order to provide producers and traders an enabling trade environment.