Factors Influencing Savings and Investment Capacity amongst Agribusiness Entrepreneurs in Agatu Local Government Area of Benue State, North-Central Nigeria


Umaru, Dele Amos ,

Download Full PDF Pages: 81-84 | Views: 1126 | Downloads: 319 | DOI: 10.5281/zenodo.3490010

Volume 7 - September 2018 (09)


This study analyzed the factors influencing savings and investment capacity amongst agribusiness entrepreneurs in Agatu Local Government Area of Benue State, Nigeria. The study employed the survey research design. Using Taro Yamane formula for sample size determination, a total of 61 respondents out of 72 registered agribusiness entrepreneurs were drawn for the study. Purposive sampling technique was used to select respondents. Data obtained by means of a well-structured questionnaire were subjected to Ordinary Least Square Regression analytical technique. Results indicated that incentive of sufficient returns, established diversified venture, availability of access road and advice received have a positive and significant effect on savings and investment capacity of respondents engaged in yam production, distribution, and marketing. The results further indicated that the risk of capital loss and retirement have a negative but significant effect on savings and investment capacity of respondents. Credit provision in the form of loans as well as a good access road, and awareness education are necessary incentives for sustained engagement in yam agrifood enterprise in the study location. These are critical for the agribusiness entrepreneurs as the availability of credits, and strategic infrastructure could enhance the capacity for further savings and investment amongst respondents


savings; investment; capacity; agribusiness; entrepreneurs


         i.        Adeyemo, R and Bamire, A. S. (2005).Saving and investment patterns of cooperative farmers in south western Nigeria. Journal of Social Sciences, 11(3), 183-192.

ii.      Akpan, S.B. Udoh, E.J. Aya, E.A. (2011). Analysis of Savings Determinants among Agro-Based Firm Workers in Nigeria: A Simultaneous Equation Approach: Research and Humanities and Social Sciences.Vol. 1(3):1-11.

iii.    Babatunde, R. O., Fakayode, S. B., Olorunsanya, E. O., Gentry, R. A. (2007) Socio-economic and saving patterns of cooperative farmers in south-western Nigeria. The Social Sciences, 2(3), 287-292.

iv.     Haruna, I. (2011) Determinants of Saving and Investment in Deprived District Capitals in Ghana: A case Study of Nadowli in the Upper West Region of Ghana. Continental J. Social Sciences, 4(1): 1-2.

v.       Konig, G. Da-Silva, C.A.  Mhlanga, N. (2013).Enabling Environments for Agribusiness and Agro-Industries Development: Regional and Country Perspectives: Food and Agriculture Organization, Rome.

vi.     Nasir, S. Khalid, M. Mahmood, A. (2004). Saving-investment behaviour in Pakistan: An empirical investigation [with Comments]. The Pakistan Development Review, 665-682.

vii.   Nwibo, S. U and Okorie, A. (2013) Constraints To Entrepreneurship And Investment Decisions Among Agribusiness Investors In Southeast, Nigeria. International Journal of Small Business and Entrepreneurship Research, 1(4), 38-50.

viii. Nwibo, S. U., and Mbam, B. N. (2013) Determinants of Savings and Investment Capacities of Farming Households in Udi Local Government Area of Enugu State, Nigeria. Research Journal of Finance and Accounting, 4(15), 59-68.

ix.     Nwibo, S.U and Alimba, J.O. (2013) Determinant of Investment Decisions Among Agribusiness Investors in South-East, Nigeria. Journal of Business and Management 8(6): 60-67.

Cite this Article: