Abstract:
This study was carried out to economically evaluate private nursery enterprises in Oyo State,
South-Western Nigeria. A multistage sampling technique was used to select one hundred and
twenty nurseries and data were collected with the aid of well structured questionnaire.
Techniques of analysis used include descriptive statistics, benefit cost ratio and ordinary least
square analysis. Descriptive statistics revealed that (70%) of the respondents were male and
95% of the nurseries owner were less than 50 years of age. The nurseries owners were new in
the business and they were married. The ordinary least square method indicate linear functional
form as lead equation with R2 = 0.767 which shows that 76.7% of variation in the dependent
variable was explained by independent variables. Age and Size had negative impact on
dependent variable while others had positive impact on dependent variable. The benefit cost
analysis of 1.356 reveals that nursery business was profitable and inadequate funding was
indicated as a major constraint to nursery production. The study thus recommended that nursery
owners should be encourage with necessary facilities, women should also be encouraged in the
industry and government should partner with both public and private nurseries owners |
