Socio-Economic Importance of Tree Nursery Enterprises in Lagos State, Nigeria
There is a growing interest to understand the role of tree nursery enterprises in Nigeria and the horn of Africa. Tree nursery enterprises, which are vital economic activities in major cities of Nigeria and particularly in the city of Lagos are not adequately studied and well documented. Therefore...
| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
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Joint Coordination Centre of the World Bank assisted National Agricultural Research Programme (NARP)
2021-03-01
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| Series: | Journal of Applied Sciences and Environmental Management |
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| Online Access: | https://www.ajol.info/index.php/jasem/article/view/205409 |
| _version_ | 1827297205572075520 |
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| author | O.D. Eko M.O. Adedokun J.A. Soaga L.O. Okojie T.A. Atanda T. Abisoye |
| author_facet | O.D. Eko M.O. Adedokun J.A. Soaga L.O. Okojie T.A. Atanda T. Abisoye |
| author_sort | O.D. Eko |
| collection | DOAJ |
| description |
There is a growing interest to understand the role of tree nursery enterprises in Nigeria and the horn of Africa. Tree nursery enterprises, which are vital economic activities in major cities of Nigeria and particularly in the city of Lagos are not adequately studied and well documented. Therefore, this study seeks to fill a gap in understanding the socioeconomic importance and profitability potential of tree nursery enterprises. Multistage sampling technique with a 3-stage design was adopted in this study using aquantitative data collection techniques through the use of structured questionnaire administered to 120 nursery entrepreneurs. Data were analyzed using descriptive, inferential, and budgetary analysis. The result revealed that tree nursery entrepreneurs are literate, mostly male in their youthful age. Furthermore, the total annual revenue earned by the respondents was ₦1,712,222.22 with a mean annual net income of ₦1,458,038.72 while the return per naira invested was ₦5.71. This shows that tree nursery enterprise is profitable in the study area. However, most entrepreneurs were faced with shortage of land for establishments of tree nursery in the study area. Therefore, appropriate actions in reducing cost of land lease/purchase are recommended to encourage new entrepreneurs and strengthen the sector’s development.
Keywords: Entrepreneur, Environment, Nursery enterprises, Profitability, Socio-economic and Tree seedlings.
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| first_indexed | 2024-04-24T14:51:32Z |
| format | Article |
| id | doaj.art-9b89c08596894f09862570cfa4ec5879 |
| institution | Directory Open Access Journal |
| issn | 2659-1502 2659-1499 |
| language | English |
| last_indexed | 2024-04-24T14:51:32Z |
| publishDate | 2021-03-01 |
| publisher | Joint Coordination Centre of the World Bank assisted National Agricultural Research Programme (NARP) |
| record_format | Article |
| series | Journal of Applied Sciences and Environmental Management |
| spelling | doaj.art-9b89c08596894f09862570cfa4ec58792024-04-02T19:48:33ZengJoint Coordination Centre of the World Bank assisted National Agricultural Research Programme (NARP)Journal of Applied Sciences and Environmental Management2659-15022659-14992021-03-0125110.4314/jasem.v25i1.3Socio-Economic Importance of Tree Nursery Enterprises in Lagos State, NigeriaO.D. EkoM.O. AdedokunJ.A. SoagaL.O. OkojieT.A. AtandaT. Abisoye There is a growing interest to understand the role of tree nursery enterprises in Nigeria and the horn of Africa. Tree nursery enterprises, which are vital economic activities in major cities of Nigeria and particularly in the city of Lagos are not adequately studied and well documented. Therefore, this study seeks to fill a gap in understanding the socioeconomic importance and profitability potential of tree nursery enterprises. Multistage sampling technique with a 3-stage design was adopted in this study using aquantitative data collection techniques through the use of structured questionnaire administered to 120 nursery entrepreneurs. Data were analyzed using descriptive, inferential, and budgetary analysis. The result revealed that tree nursery entrepreneurs are literate, mostly male in their youthful age. Furthermore, the total annual revenue earned by the respondents was ₦1,712,222.22 with a mean annual net income of ₦1,458,038.72 while the return per naira invested was ₦5.71. This shows that tree nursery enterprise is profitable in the study area. However, most entrepreneurs were faced with shortage of land for establishments of tree nursery in the study area. Therefore, appropriate actions in reducing cost of land lease/purchase are recommended to encourage new entrepreneurs and strengthen the sector’s development. Keywords: Entrepreneur, Environment, Nursery enterprises, Profitability, Socio-economic and Tree seedlings. https://www.ajol.info/index.php/jasem/article/view/205409Entrepreneur, Environment, Nursery enterprises, Profitability, Socio-economic and Tree seedlings. |
| spellingShingle | O.D. Eko M.O. Adedokun J.A. Soaga L.O. Okojie T.A. Atanda T. Abisoye Socio-Economic Importance of Tree Nursery Enterprises in Lagos State, Nigeria Journal of Applied Sciences and Environmental Management Entrepreneur, Environment, Nursery enterprises, Profitability, Socio-economic and Tree seedlings. |
| title | Socio-Economic Importance of Tree Nursery Enterprises in Lagos State, Nigeria |
| title_full | Socio-Economic Importance of Tree Nursery Enterprises in Lagos State, Nigeria |
| title_fullStr | Socio-Economic Importance of Tree Nursery Enterprises in Lagos State, Nigeria |
| title_full_unstemmed | Socio-Economic Importance of Tree Nursery Enterprises in Lagos State, Nigeria |
| title_short | Socio-Economic Importance of Tree Nursery Enterprises in Lagos State, Nigeria |
| title_sort | socio economic importance of tree nursery enterprises in lagos state nigeria |
| topic | Entrepreneur, Environment, Nursery enterprises, Profitability, Socio-economic and Tree seedlings. |
| url | https://www.ajol.info/index.php/jasem/article/view/205409 |
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