Profitability of Charcoal Production and Marketing in Ibarapa Zone of Oyo State Nigeria
Babatunde, Taiye Oluwasola, Kehinde Abiodun Solomon, Kehinde, Olujide Johnson
Asian Journal of Agricultural Extension, Economics & Sociology · pp. 1–7 · Published 6 Sep 2019
10.9734/ajaees/2019/v35i330226Abstract
This study analyzed the profitability of charcoal production and marketing in Ibarapa zone of Oyo state using a structured questionnaire. A multistage sampling technique was adopted to select one hundred (100) respondents for the study. The descriptive statistical method and budgetary analysis were used for data interpretation. Charcoal marketing is dominated by middle or old age mostly females (71.7%), the business are funded from personal saving and support from cooperative society. The finding reveals that 48.5% of respondent had no formal education and economic analysis showed that marketers require ₦50,000-₦500,000 as working capital with a resultant profit of ₦300,000-₦500,000 per annum and charcoal marketing efficiency was 1.32. In Conclusion, charcoal marketing is profitable with net returns of ₦58,000 on 200 bags sold.
Cited by 0
No indexed citations yet.
Related research
- A Case Study of Flow Regulators Installed in Washroom Taps within an Office Building — shares topic coverage
- Allocative Efficiency in Okra (Abelmoschus spp) Production in Ayamelum Local Government Area of Anambra State, Nigeria — shares topic coverage
- 3-Blade Cassava Stem Cutting Machine — shares topic coverage
- Marketing Dynamics of Grapes in Pune Division: Channels, Efficiency, and Stakeholder Issues — shares topic coverage
- Marketing Channels of Pomegranate in Pune Division of Maharashtra, India — shares topic coverage
Article metrics
Real usage data collected on this platform.
0
Page views
0
PDF downloads
0
Outbound clicks
0
Citations
Views by country
Approximate, from request IP at view time — not citizenship or institution. Countries with fewer than 5 views are grouped as "Other".
No views recorded yet.
Traffic sources
Referring site, by host.
No traffic recorded yet.
Views and downloads exclude known bots/crawlers. Citations combines this platform's own DOI-resolved index with each external source's own reported total — see Cited by above for individually listed citing works. Last refreshed 0 seconds ago.