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ARPN Journal of Science and Technology >> Volume 7, Issue 1, January 2017

ARPN Journal of Science and Technology


Profitability of Garri Processing in Owerri North Local Government Area of Imo State

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Author Ibekwe U.C, Chikezie C, Obasi P.C, Eze C.C, A. Henri-Ukoha
ISSN 2225-7217
On Pages 340-343
Volume No. 2
Issue No. 4
Issue Date May 01, 2012
Publishing Date May 01, 2012
Keywords Gross margin, Profit function, Garri processing



Abstract

This study was on profitability of garri processing in Owerri North Local Government Area of Imo State. It specifically examined the socio-economic characteristics, cost and returns and the influence of determinants on profit levels of garri processing. Multistage random and purposive sampling techniques were used to select 60 garri processors. Descriptive statistics, budgetary and profit function techniques were employed to analyze the data collected. The study revealed a mean age of 41years, an average household size of 6, mean level of education of 9years and mean experience of 12years. It also showed that the venture is dominated by females (73.33%) with 80% being males. A net return of N354,283 and gross margin of N385,888 were estimated. Age, education, marital status and experience were significant at 1% level of significance while gender was insignificant at 1% level of significance and R2 was 0.884%. The PI ratio was 0.42; IRR was 73% while the OR was 0.54. This study concludes that garri processing was profitable and so adult education should be encouraged and supported to improve on profit in the study area.


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