-
Analysis Of Savings And Investment Strategies Among Cassava Processors
CHAPTER ONE -- [Total Page(s) 3]
Page 3 of 3
-
-
-
1.3. OBJECTIVES OF THE STUDY
The
broad objective of this study is to analyze or assess the savings and
investment strategies of cassava processors using Yewa North Local
Government Area as a study case. The specific objectives are to;
· describe the socio-economic characteristics of the cassava
processors in the study area. · describe the investment pattern
of the cassava processors. · estimate the income level of the
cassava processors. · determine the savings rate among the
respondents. · estimate the determinants of savings and
investment strategies among the respondents.
1.4. JUSTIFICATION OF THE STUDY
The
justification of this study is centered on the importance of savings
and investment and also the essence of savings and investment strategies
as it concerns the cassava processors’ businesses. In developing
countries, especially Nigeria, investments in agricultural production
and its related activities have not been given expected priority, even
among the farmers who come together as a group to assist each other,
either through cooperatives or other informal means; and this can be
attributed to some factors. Ayanwale and Bamire (2000) claimed that the
saving behavior of cooperative farmers (cassava processors inclusive) in
developing countries is less dependent on the absolute level of
aggregate income and more dependent on the relationship between current
and expected income, the nature of the business, household size, wealth
and demographic variables among other related factors. However, Adeyemo
and Bamire (2005) examined the pattern of savings and investment among
cooperative farmers (or cassava processors in this case) in Southwestern
Nigeria and reported that income, loan repayment and amount of money
borrowed are significant variables that influenced saving pattern. This
research study is set to help clear the air on savings and investment
among farmers as well as cassava processors and also the determinants of
the savings and investment strategies with regards to the available
infrastructure on the study. Information from this research study on
the analysis of savings and investment strategies among cassava
processors could help policy makers and credit agencies for effective
and efficient credit services delivery of loan schemes that could
increase the production of agricultural produce and value-added finished
goods as well as the general well-being of the cassava processors.
1.5. PLAN OF THE STUDY
This
research study was divided into five chapters, with each chapter for a
definite purpose. Chapter One consisted of the introduction which
includes the background of the study, problem statement and research
questions, objectives of the study, justification of the study and plan
of the study respectively. Chapter Two covered the literature review and
theoretical background. Chapter Three entailed the methodology and
procedures that was involved in carrying out the research study. Chapter
Four involved the empirical findings and the results of the findings.
Chapter Five featured the summary of the findings, conclusion and
recommendation.
CHAPTER ONE -- [Total Page(s) 3]
Page 3 of 3
-
