Economic Potentials of Oil Palm Production and Machinery Use in UDI, Enugu State, Nigeria

Bello R. S.; Bello M. B.; Essien B. A.; Saidu M. J.

doi:doi:10.11648/j.sjbm.s.2015030501.14

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Economic Potentials of Oil Palm Production and Machinery Use in UDI, Enugu State, Nigeria

Bello R. S., Bello M. B., Essien B. A., Saidu M. J.

Published in Science Journal of Business and Management (Volume 3, Issue 5-1)

Received: 18 July 2015 Accepted: 20 July 2015 Published: 27 August 2015

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Abstract

The economic potential of oil palm production and machinery-use in Udi Local Government Area Enugu State, Nigeria has been investigated. Questionnaires, personal work and oral interview were used as means of information retrieval. Statistical tool were used in data analysis. Farm holding/ownerships are of three categories; Individual (small holding (68%)), communal (medium holding (23%)) and cooperative efforts (large scale holdings (9%)) from social groups and friends reduce economic cost on labour. A larger percentage of the small scale holders (40%) inherited the farm while (5%) claimed ownership of establishing the farm. About 20% operate on rental arrangements and 30% communally owned. The result of the profitability analysis in palm oil processing in the area showed an increased trend in profitability while factors like transport costs, high cost of plantation rentals, and poor extraction processes were most critical to inhabiting profitable palm oil processing in the area.

Published in	Science Journal of Business and Management (Volume 3, Issue 5-1) This article belongs to the Special Issue Sustainable Entrepreneurial Developments in Agribusiness
DOI	10.11648/j.sjbm.s.2015030501.14
Page(s)	16-20
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2015. Published by Science Publishing Group

Keywords

Oil Palm, Returns, Production, Processing, Hectare

References

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[3]	Central Bank of Nigeria CBN (1992). Nigeria Economic and Social Research (NISER) National study (1992). Impact of Structural Adjustment Programme (SAP) on Nigerian Agriculture and Rural Life. Lagos, Nigeria. Page Publishers Services Ltd.
[4]	Forest T (1993). Politics and Economic Development in Nigeria. Boulder: Westview, Inc.
[5]	Gomez, K. A and Gomez, A. A (1984) Statistical procedures for Agricultural research. 2nd edition. John Wiley & Sons, New York.
[6]	Green, M.M (2003), Igbo village Affair, 2nd edition Frank Cass, London P.3.
[7]	Hartley, C.W.S. (2003) the oil palm. Longman Group ltd London Pp.9 and 11.
[8]	Iloeje, N.P (2001), New Geography of Nigeria. New Revised edition. William clowes ltd. Beecdes and London. Pp.81, 82, 83 and 84.
[9]	Jalani, B.S, D. Ariffian, and K.W. chan, (2000). Malaysia’s contribution to improving the value and use of palm oil through modern technologies in Burotrop Bultetin N0.19 February 2003 P.25
[10]	Kei K, Mywish M, Duncan B (1997). Transformation versus Stagnation in the Oil Palm Industry: A Comparison between Malaysia and Nigeria. Staff Paper 97-5. Department of Agricultural Economics Michigan State University, East Lansing, Michigan 48824 p. 19.
[11]	Omoti, U. (2004), problems and prospects of oil palm Development processing and potentials in Nigeria, paper prepared for African Investment and Development Agency conference on attracting private foreign investment into Nigeria’s oil palm industry, Kuala Lumpur, December, 2004.
[12]	Nwauwa Linus Onyeka Ezealaji, 2011. Economics of palm oil storage and marketing in Imo State, Nigeria African Journal of Marketing Management Vol. 3(10), pp. 253-260, October 2011 Available online at http://www.academicjournals.org/AJMM ISSN 2141-2421
[13]	PIND, 2011 Foundation for Partnership Initiatives in the Niger Delta. A report on Palm Oil Value Chain Analysis in the Niger Delta
[14]	Robson, (1993) Real world research a resources for social scientist and practitioners researchers. Oxford: black well. pg. 228.
[15]	Thompson Ayodele, 2010. African Case Study: Palm Oil and Economic Development in Nigeria and Ghana; Recommendations for the World Bank’s 2010 Palm Oil Strategy
[16]	WRM, 2010. World Rainforest Movement. Oil palm in Nigeria: shifting from smallholders and women to mass production WRM's bulletin Nº; 161 December 2010 http://oilpalminafrica.wordpress.com/2010/08/06/oil-palm-in-nigeria/

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Bello R. S., Bello M. B., Essien B. A., Saidu M. J. (2015). Economic Potentials of Oil Palm Production and Machinery Use in UDI, Enugu State, Nigeria. Science Journal of Business and Management, 3(5-1), 16-20. https://doi.org/10.11648/j.sjbm.s.2015030501.14

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ACS Style

Bello R. S.; Bello M. B.; Essien B. A.; Saidu M. J. Economic Potentials of Oil Palm Production and Machinery Use in UDI, Enugu State, Nigeria. Sci. J. Bus. Manag. 2015, 3(5-1), 16-20. doi: 10.11648/j.sjbm.s.2015030501.14

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AMA Style

Bello R. S., Bello M. B., Essien B. A., Saidu M. J. Economic Potentials of Oil Palm Production and Machinery Use in UDI, Enugu State, Nigeria. Sci J Bus Manag. 2015;3(5-1):16-20. doi: 10.11648/j.sjbm.s.2015030501.14

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@article{10.11648/j.sjbm.s.2015030501.14,
  author = {Bello R. S. and Bello M. B. and Essien B. A. and Saidu M. J.},
  title = {Economic Potentials of Oil Palm Production and Machinery Use in UDI, Enugu State, Nigeria},
  journal = {Science Journal of Business and Management},
  volume = {3},
  number = {5-1},
  pages = {16-20},
  doi = {10.11648/j.sjbm.s.2015030501.14},
  url = {https://doi.org/10.11648/j.sjbm.s.2015030501.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjbm.s.2015030501.14},
  abstract = {The economic potential of oil palm production and machinery-use in Udi Local Government Area Enugu State, Nigeria has been investigated. Questionnaires, personal work and oral interview were used as means of information retrieval. Statistical tool were used in data analysis. Farm holding/ownerships are of three categories; Individual (small holding (68%)), communal (medium holding (23%)) and cooperative efforts (large scale holdings (9%)) from social groups and friends reduce economic cost on labour. A larger percentage of the small scale holders (40%) inherited the farm while (5%) claimed ownership of establishing the farm. About 20% operate on rental arrangements and 30% communally owned. The result of the profitability analysis in palm oil processing in the area showed an increased trend in profitability while factors like transport costs, high cost of plantation rentals, and poor extraction processes were most critical to inhabiting profitable palm oil processing in the area.},
 year = {2015}
}

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TY - JOUR
T1 - Economic Potentials of Oil Palm Production and Machinery Use in UDI, Enugu State, Nigeria
AU - Bello R. S.
AU - Bello M. B.
AU - Essien B. A.
AU - Saidu M. J.
Y1 - 2015/08/27
PY - 2015
N1 - https://doi.org/10.11648/j.sjbm.s.2015030501.14
DO - 10.11648/j.sjbm.s.2015030501.14
T2 - Science Journal of Business and Management
JF - Science Journal of Business and Management
JO - Science Journal of Business and Management
SP - 16
EP - 20
PB - Science Publishing Group
SN - 2331-0634
UR - https://doi.org/10.11648/j.sjbm.s.2015030501.14
AB - The economic potential of oil palm production and machinery-use in Udi Local Government Area Enugu State, Nigeria has been investigated. Questionnaires, personal work and oral interview were used as means of information retrieval. Statistical tool were used in data analysis. Farm holding/ownerships are of three categories; Individual (small holding (68%)), communal (medium holding (23%)) and cooperative efforts (large scale holdings (9%)) from social groups and friends reduce economic cost on labour. A larger percentage of the small scale holders (40%) inherited the farm while (5%) claimed ownership of establishing the farm. About 20% operate on rental arrangements and 30% communally owned. The result of the profitability analysis in palm oil processing in the area showed an increased trend in profitability while factors like transport costs, high cost of plantation rentals, and poor extraction processes were most critical to inhabiting profitable palm oil processing in the area.
VL - 3
IS - 5-1
ER -

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Author Information

Bello R. S.

Department of Agriculture & Bio-Environmental Engineering, Federal College of Agriculture, Ishiagu, Nigeria
Bello M. B.

Department of Agricultural Economics and Management, Federal College of Agriculture, Ishiagu, Nigeria
Essien B. A.

Akanu Ibiam Federal Polytechnic, Unwana, Afikpo, Ebonyi State, Nigeria
Saidu M. J.

Department of Agriculture & Bio-Environmental Engineering, Federal College of Agriculture, Jalingo, Nigeria

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APA Style

Bello R. S., Bello M. B., Essien B. A., Saidu M. J. (2015). Economic Potentials of Oil Palm Production and Machinery Use in UDI, Enugu State, Nigeria. Science Journal of Business and Management, 3(5-1), 16-20. https://doi.org/10.11648/j.sjbm.s.2015030501.14

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ACS Style

Bello R. S.; Bello M. B.; Essien B. A.; Saidu M. J. Economic Potentials of Oil Palm Production and Machinery Use in UDI, Enugu State, Nigeria. Sci. J. Bus. Manag. 2015, 3(5-1), 16-20. doi: 10.11648/j.sjbm.s.2015030501.14

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AMA Style

Bello R. S., Bello M. B., Essien B. A., Saidu M. J. Economic Potentials of Oil Palm Production and Machinery Use in UDI, Enugu State, Nigeria. Sci J Bus Manag. 2015;3(5-1):16-20. doi: 10.11648/j.sjbm.s.2015030501.14

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@article{10.11648/j.sjbm.s.2015030501.14,
  author = {Bello R. S. and Bello M. B. and Essien B. A. and Saidu M. J.},
  title = {Economic Potentials of Oil Palm Production and Machinery Use in UDI, Enugu State, Nigeria},
  journal = {Science Journal of Business and Management},
  volume = {3},
  number = {5-1},
  pages = {16-20},
  doi = {10.11648/j.sjbm.s.2015030501.14},
  url = {https://doi.org/10.11648/j.sjbm.s.2015030501.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjbm.s.2015030501.14},
  abstract = {The economic potential of oil palm production and machinery-use in Udi Local Government Area Enugu State, Nigeria has been investigated. Questionnaires, personal work and oral interview were used as means of information retrieval. Statistical tool were used in data analysis. Farm holding/ownerships are of three categories; Individual (small holding (68%)), communal (medium holding (23%)) and cooperative efforts (large scale holdings (9%)) from social groups and friends reduce economic cost on labour. A larger percentage of the small scale holders (40%) inherited the farm while (5%) claimed ownership of establishing the farm. About 20% operate on rental arrangements and 30% communally owned. The result of the profitability analysis in palm oil processing in the area showed an increased trend in profitability while factors like transport costs, high cost of plantation rentals, and poor extraction processes were most critical to inhabiting profitable palm oil processing in the area.},
 year = {2015}
}

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