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INTERNATIONAL JOURNAL OF BUSINESS EDUCATION AND MANAGEMENT STUDIES

International Journal of Business Education and Management Studies (IJBEMS)

Current Issue

Profitability of Converting Cassava to FUFU Value Chain in Nigeria: Implications for Sustainable Food Supply, Food Security and Job Creation

IJBEMS  ·  Vol 6 Issue 1 2020  ·  2020-06-25
Publication Details
Author(s)
Iwuoha, Jude Chukwunyere; Uba, Chiwuike & Awoke, Chigozirim Florence
Article Type
Research Article
Issue
Vol 6 Issue 1 2020
Volume
5
Number
1
Pages
1-17
Publication Date
2020-06-25
Abstract
An analysis was conducted of the profitability of converting cassava to its fufu value chain in Ikeduru local government area of Imo state, Nigeria as cassava and its value chains offers veritable alternatives to sustainable food supply, food security and have the potentials of creating jobs. The study was carried out using a sample of one hundred and ten (110) processors randomly selected from the twenty four towns that make up Ikeduru local government area. Feedback forms were administered and used to assemble data on processors socioeconomic characteristics which included age, education level, labour source, experience and constraints. Data were analyzed using descriptive statistics, inferential statistics and budgetary techniques. Results revealed that fufu has a profit margin of =N=1,542,650.00 (US$5142) indicating high profitability with low rate of turnover being the most constraint. We recommend for the Provision of access road and tackling the incidence of double taxation by government agencies. Encouragement of healthy living and cleanliness, strengthening of cooperative societies’ and the efficient way of delivering the tradermoni initiative by the government and encouragement of investment in the cassava value chain.
Keywords
Cassava value chain fufu processor profitability Nigeria