JAFE Vol. 4 (1): 67-74
Economic Analysis of Abattoir Business: The Case of Beef Processing In Delta State, Nigeria
Akporhuarho, P. O. and Achoja F. O.
ABSTRACT
This paper investigates the economic analysis of abattoir business in Delta State, Nigeria. Data were collected with the aid of a structured questionnaire in 2010. Collected data were analyzed using descriptive statistics, and profit function. Results from the study revealed that male folks accounted for about 72.50% of the total operators, and fall within the age range of 36-55 years. More than half (57.50%) of the respondents were old in the business with about 30.00% of them having spent about 6-10 years in the business. Also, about 92.5 0% of the operators had one form of formal education or the other and had a family size of between 6 and 10. An average abattoir operator made an average profit of about N95,725.44 monthly. Abattoir business in Delta State is therefore a profitable venture. It is faced with some constraints such as transportation, non-availability of adequate finance, poor infrastructure and basic amenities, poor sanitation, inadequate number of abattoirs, lack of government support among others. It was recommended that abattoir operators help themselves through rotational thrift savings and formation of credit associations to enable them pool their resources to finance their businesses and manage other constraints associated with the abattoir business.
KEYWORDS: Economic analysis, Abattoir business cattle, beef processing