Determinants of Level of Investment in Poultry and Piggery Enterprises in Abia State, Nigeria
Abstract
This study analysed the determinants of the level of investment in poultry and piggery enterprises in Abia State, Nigeria. A multi-stage random sampling technique was used in selecting the sample for study. Primary data were collected from 83 livestock enterprises comprising of 50 poultry enterprises and 33 piggery enterprises. Data collected were analyzed using Maximum Likelihood Stochastic (MLS) regression model. Findings showed that size of the enterprise, outstanding debts of the enterprise, business stage, location of the enterprise, scale of operation, amount of savings, access to loan, significantly determined the level of investment in poultry enterprise in Abia State, while size of the enterprise, outstanding debts of the enterprise, business stage, location of the enterprise, scale of operation, amount of savings, access to loan significantly determined the level of investment in the piggery enterprise. The study therefore recommends that both the government and other agricultural investors consider the various factors identified in this study that influence the level of investment in poultry and piggery enterprises in Abia State in order to make a profitable investment that will provide job opportunities for the masses, increase the availability of chicken and pork meat, and generate more funds to run the state's affairs.
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