Experimental Agriculture & Horticulture Dual Determinants of Saving Mobilization among Agribusiness Enterpreneurial Groups in Edo State, Nigeria

Achoja Felix, Odemero, Achoja Odemero
2012 unpublished
Savings is crucial in the growth of agribusiness in rural economy. It is important to investigate the dual determinants of savings mobilization among agribusiness entrepreneurial self-help groups in Edo state, Nigeria. Primary data were collected from randomly selected 96 agribusiness entrepreneurs through the use of structured questionnaire. The data were analyzed by using descriptive statistics (percentages, mean, and tables) and inferential statistics (multiple regression analysis). The
more » ... analysis). The result showed that interest rate, farm income and age distribution of savers significantly contributed (p<0.05) to saving mobilization. These are categorized into price and non price factors; also referred to as the dual determinants of saving mobilization among entrepreneurial savers. It is recommended that policies/strategies that can improve the net income of young entrepreneurs should be encouraged, since this will translate to increased entrepreneurial group savings.