search
for
 About Bioline  All Journals  Testimonials  Membership  News


Journal of Applied Sciences and Environmental Management
World Bank assisted National Agricultural Research Project (NARP) - University of Port Harcourt
ISSN: 1119-8362
Vol. 24, No. 11, 2020, pp. 1873-1876
Bioline Code: ja20269
Full paper language: English
Document type: Research Article
Document available free of charge

Journal of Applied Sciences and Environmental Management, Vol. 24, No. 11, 2020, pp. 1873-1876

 en Market Opportunities and Profitability of Tree Crop Planting in Nigeria
Olugbire, OO; Orumwense, LA; Oloba, OG; Oke, OS & Oyaniyi, T

Abstract

Investing in trees offer financial and social returns for years to come and it is a lucrative long-term investment in Nigeria. Despite the substantial gain on investment in tree planting, only few people are still involved in the business. This paper analyzed the profitability of investment in tree crop planting for income generation. Benefit Cost Ratio (BCR) and Net Present Value (NPV) were calculated to determine the financial viability of tree crop planting. The study showed that tree crop planting is a profitable business as shown by positive NPV of ₦2,187,822.0 and ₦2,782,214.97 for Tectonia grandis check for this species in other resources and Moringa oleifera check for this species in other resources plantations respectively, after 10-years of maturation and harvesting at 14 % discount rate with a B/C Ratio of 1.97 and 1.6 respectively. Also, NPV of ₦1, 575,487.10 for a 5-year small scale private nursery establishment with a B/C Ratio of 2.79 at a 14% discount rate also confirm that the investment on nursery establishment is highly profitable. It is recommended that with adequate support and incentives, farmers can take advantage of these opportunities and invest in nursery enterprise and tree crop sub-sector of the economy.

Keywords
Market opportunities; BCR; Tree planting; NPV

 
© Copyright 2020 - Olugbire et al.

Home Faq Resources Email Bioline
© Bioline International, 1989 - 2025, Site last up-dated on 01-Sep-2022.
Site created and maintained by the Reference Center on Environmental Information, CRIA, Brazil
System hosted by the Google Cloud Platform, GCP, Brazil