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Profitability Analysis Of Layer Enterprise In Esan North East And Ovia North East Local Government Areas Of Edo State, Nigeria
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CHAPTER ONE
1.0 INTRODUCTIONBACKGROUND TO THE STUDY
The problems of food insecurity and hunger in recent years have continued to attract the attention of experts and Government worldwide (Babatunde et al., 2007).
FAO (1995), asserted that the most critical in the global food basket crises is protein, especially of animal origin. However, Oluyemi and Roberts (2000) and Isika et al., (2006), postulated that poultry was strategic in addressing animal protein shortage in human nutrition.
In Nigeria, the production of food has not increased at the rate that can meet the increasing population. While food production increases at the rate of 2.5%, food demand increases at the rate of more than 3.5% due to high rate of population growth of 2.83% (CBN, 2004).
Animal scientists, economists and policy makers are of the opinion that the development of livestock (poultry) industry is the only option for bridging the generally known protein deficiency gap in a Nigerian’s diet (Mbanassor and Nwosu, 1998). Apart from its contribution to the Gross Domestic Product and provision of employment opportunities, poultry production (egg) is a major source of protein in the country (Ajibefun and Daramola, 1999).
Poultry production is predominant among livestock production in Edo State. People depend on poultry for food and poultry farming serves as an additional occupation to supplement the income of small and marginal farm families. Poultry occupies an essential position because of its vast potential to bring about rapid economic growth, particularly benefiting the weaker section (Ekunwe et al., 2006).
Egg is a rich source of protein, lipids, vitamins, phosphorus and other nutritionally important substances. Eggs are easily digestible and they are sources of raw materials for agro-allied industries that utilize them in the production of food, drinks, baking confectionery and in the propagation of viruses in vaccine production. Besides, egg marketing provides a source of income to those who engage in it.
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ABSRACT - [ Total Page(s): 1 ]This study examined the profitability of layers production in Esan North East and Ovia North East L.G.A’s of Edo State. A purposive and convenient sampling of 64 poultry farmers was carried out in the study area in order to generate data for the analysis. Results of the study showed that the respondents were predominantly males (56%) with good educational background and relatively long farming experience in poultry production. Data collected were analyzed using Regression Models. The regr ... Continue reading---
