Determinants of Investment Capacity among Yam Production Entrepreneurs in Benue State, Nigeria

Abstract

The determinants of investment capacity among yam entrepreneurs in Benue State were examined. The specific objectives were to describe the types of investment prevalent among yam entrepreneurs and to identify and analyse the determinants of investment decision among yam entrepreneurs. Data were collected from 288 yam entrepreneurs in six local government areas and 24 wards using multi-stage sampling technique. The sample comprised entrepreneurs that engaged in yam production, distribution/marketing of yam, yam chips production, and yam flour production. Structured interview schedule was used to collect the data. Data collected were analysed using frequency distributions table, percentages, and logit model. The findings reveal that socio-economic characteristics of yam entrepreneurs significantly influence their investment. It was recommended that policies to improve investment should include the socio-economic characteristics of these entrepreneurs in the formulation; campaigns to promote the benefits of investing and dangers of not investing in yam activities should be encouraged.

Key words: Determinants, Investment Capacity, Yam Entrepreneurs, Benue State