EFFECT OF CAPITAL RESOURCES UTILIZATION ON CASSAVA PRODUCTION IN SOUTH EAST NIGERIA
Abstract
This study assessed the effect of capital resources utilization on cassava production in South-east Nigeria. The specific objectives were to: ascertain the relationship between agricultural loans and cassava production and examine the relationship between agricultural grants and cassava production. Two null hypotheses were also formulated and tested at 5% level of significance. The study adopted a correlational research design. Proportionate sampling technique was used in the selection of a sample size of 375 cassava farmers for the study. Data were collected using structured questionnaire, out of the 375 copies distributed, 355 copies representing 94% were retrieved and used for the data analysis. Data were analyzed using Pearson Product Moment Correlation and simple linear regression for testing hypotheses. The correlation results revealed that there was a very high (0.75) level of positive relationship between agricultural loans and cassava production. The correlation result also showed a very high (0.98) level of positive relationship between agricultural grants and cassava production. The regression results revealed a significant positive relationship between agricultural loans and cassava production at 1% level of significance. The regression results also revealed a significant positive relationship between agricultural grants and cassava production at 1% level of significance. Based on the findings of this study, it was concluded that capital resources utilization had positive effect on cassava production in South-east Nigeria. Hence, it was recommended that there is need for the Government at various levels, ministries of agriculture, non-governmental organizations and other stakeholders in the agricultural sector to improve cassava farmers’ access to loans and grants for increased cassava production in the study area.
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