A SURVEY ON WEALTH CREATION AND POVERTY ALLEVIATIONS THROUGH YOUNG DYNAMIC AGRIPRENEUERS IN EKITI STATE
64th ISI World Statistics Congress - Ottawa, Canada
Format: IPS Abstract
Keywords: agriculture, regression, wealth
Session: IPS 198 - The Role of Statistical Collaboration in Achieving Sustainable Agriculture, Improved Nutrition and Food Security: The TEACH Project Experience of LISA
Wednesday 19 July 10 a.m. - noon (Canada/Eastern)
This study investigates wealth creation and poverty alleviation through youth participation in agriculture and agribusiness in Ekiti State, Nigeria. An empirical survey in collaboration with LISA 2020, Anchor University Lagos and funded by LISA2020/USAID was conducted by administering 2000 well-structured questionnaires. The study was conducted to address Sustainable Development Goals (SDG) 1 and 2; No poverty and Zero Hunger. The data analysis was performed using R Studio. Descriptive analysis was obtained by cross-tabulating the most preferred agricultural practice and other variables under investigation. The result obtained shows that 51.8% of the respondents were female while 48.2% were males. Of the total respondents, 43.5% mostly preferred livestock farming, 22.0% crop production, 12.6% cash crop, and 10.7% poultry. In addition, 4.8% preferred Fish farming, 4.4% agricultural marketing and 1.9% horticulture. The study shows that female respondents show less preference for crop farming and horticulture. The study also shows that a significant 1370 (78%) of the total respondents are favorably disposed to agriculture and agribusiness. The test of association shows that there is relationship between creating wealth through agriculture/agribusiness; farm Practices and most profitable farm practices. The polynomial regression analysis shows that crop production and livestock farming contribute more to wealth creation with probability value of 0.001 each. The parameter estimation shows that crop production was significant in the first category (strongly agree) and second category (agree). However, no variable is significant under the third category ((neutral). The study concludes that policy makers and administrators should encourage agriculture and agribusiness among the youths in order to diversify the economy.