IIARD International Institute of Academic Research and Development

WORLD JOURNAL OF FINANCE AND INVESTMENT RESEARCH (WJFIR )

E-ISSN 2550-7125
P-ISSN 2682-5902
VOL. 8. NO. 3 2024
DOI: 10.56201/wjfir.v8.no3.2024.pg13.19

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Determinants of Investment in the Production of Value-Added Products of Yam and Cassava in Benue State, Nigeria

Z.T. Nyiatagher, A. M. Okeke, D.I. Chukwukaorah

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Abstract

The study examined the determinants of investment in the production of value-added products of yam and cassava in Benue State, Nigeria. Data were collected from 450 root and tuber crops producers from three Local Government Areas using multistage sampling technique. The collected data were analysed using multiple regression model. The multiple regression analysis showed that farm size (? = 0.67) and household size (? = -0.92) influenced investment in the production of value-added products of yam and cassava in the study area. Evidence from the study shows that increase in farm size increases this investment by 0.67% while increase in household size decreases this investment by 0.92%. The study recommended that policies and programmes aimed at increasing the production of value-added products of yam and cassava should take into consideration the socio-economic characteristics of the root and tuber crop farmers especially their farm size and household size, in their design and implementation; the State ministry of agriculture through its extension department should annually organize workshops targeted at training of root and tuber crop farmers on value-added products these farmers could process their produce into; and campaigns targeted at discouraging these farmers on having large household should be promoted.

keywords:

Investment, Production, Value Addition, Yam, Cassava, Benue State, Nigeria

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