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VOLUME 04 ISSUE 10 OCTOBER 2021

Entrepreneurship Practices and Profitability among Farmers in Jos, Nigeria
1Atayi Abraham Vincent,2 Gboyega Edward Babalola(PhD)
1Department of Economics, Afe Babalola University, Ado Ekiti, Nigeria.
2Department of Business Administration, Afe Bababola University
DOI : https://doi.org/10.47191/ijmra/v4-i10-05

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ABSTRACT:

This study seeks to examine the relationship between Entrepreneurship practices and the level of profitability among farmers in Jos. The study covered small and medium scale farmer entrepreneurs within Jos North, Jos South and Jos East. A sample size of 518 was obtained from the population of 834 at 5% error tolerance and 95% level of confidence, using Simple Random Sampling. A self-structured questionnaire was used to collect data. 505(97.5%) of the questionnaire distributed were returned. The study conducted a pre-test on the questionnaire to ensure the validity of the instrument. Data collected were presented in descriptive statistics and frequency tables. The study used financial ratios such as the gross profit margin, net profit margin, returns on assets, sales per year and total assets measures were used to measure the profitability. The average values for gross profit margin, net profit margin and returns on assets are 29.47%, 19.2% and 8.2% respectively; the result shows that an individual farmer in this study can boast of a high level of profit. The study recommends among other things that governments at all levels should work to create a more conducive environment for farmer entrepreneurs to make profitable investments in agriculture.

Keywords

Profitability, Entrepreneurship Practice, Farmers, Descriptive Statistics and STATA 15

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VOLUME 04 ISSUE 10 OCTOBER 2021

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