The sudden increase in financing small-scale industry has
continue to agitate the of the public in the recent times, poultry farming as
one fact is to be accorded its deserves. The poultry industry became
commercialized in Nigeria about the year 1962. However local production started
in 1960s and 70s in Edo State. That is formally called Bendel State with very
low output. The main objectives of this study examine the various source of
financing available to small-scale poultry farmers as well as the problem
encounter by those farmers in trying to obtain loan from existing financial
institutions. The hypothesis of this study is that poor performance in the
poultry industries in Edo State is dependent on poor finance and lack of
skilled management. In the course of this work, the adopted methodology
included personal interviews, library, research and the use of questioners.
In the review of literature, it was found that the
major source of finance is through any authorized financial institution,
personal savings and ploughing back profit generated. Evidence from the study
reveal that poultry industry has a role to play in the economy, and the
individual lives in particular in general, this industry provides protein for
the mental and physical health of the people, employment and revenue, which
helps in improving the life style of the society.
TABLE OF CONTENT
(A)PRELIMINARY SECTION (PAEGS)
(1)Table of content
(2)List of tables
(B) CHAPTER ONE (
1.1Background of the study
1.2Statement of the problem
1.4Scope and limitation of the study
1.6Needs fort the study
1.7Definition of terms
(C) CHAPTER TWO- (REVIEW OF
2.1meaning and definition of small scale industry
2.2source of finance
2.3Problem confronting poultry farmers.
(D)CHAPTER THREE- METHODOLOY AND PROCEDURE OF THE
3.2Population of the study
3.3Sample of the study
3.4Samplings techniques adopted
3.6Validation of instrument
3.7Method of data collection
3.8Method of data analysis
(E)CHAPTER FOUR (PRESNTATION OF DATA AND DISCUSSION
(F) CHAPTER FIVE
Oredo is one of the local
government area in Edo state. Its headquarter is Benin city which incidentally
is the capital and administrative centre of Edo state. Oredo is situated
between latitude 60 and 60, 120N and longitude 50 ,45 E. The
traditional inheritance of Edo state Government Areas are Binis who are the Edo
speaking people. However, English language is used for day to day commercial
activities in the area.
Economic activities of the
people in Benin city are many and varial ,the traditional occupation of the
people are farming, sculpture, cloth weaving, poultry, brass-casting,
blacksmith, menting, traditional e.t.c
Today, however industries and
large commercial concerns are fast springing up, Benin has a good number of
industries. It has the infrastructure and the market potentialities to
encourage industries which are market oriented.
According to peter M.A, which
says in the basic business management 1972 that states among Benin many
Economic activities are saw-millers, rubber processing, manufacture of
confectioneries, making of soft drinks, breweries of lager beer and poultry
keeping which is the main focus of the study.
The elites and educated ones
in Oredo local government area are mainly civil and public servants employed in
government offices, marcentle houses and in banks in Benin city are mainly
commercial and others, they undertake all normal banking services and other
miscellaneous services. The dormant economic activities of the people as
earlier mentioned can be from through personal selling, borrowing from friends,
relations, Banks and other financial institution as well as ploughing back
Ensminger M.E state that the
term poultry covers rather a wide variety of birds consisting of several spaces.
It includes chicken, duck, geese, guneia fowl e.t.c.
In most villages in Oredo
local government area, a large number of domestic fowls are found roaring
about. This is the local way of rearing birds under the free range condition. A
farmer may own one or more hen or cocks. Virtually no care is taken of the
birds can pick up for themselves by hatching there. As a result, much finance
was not needed because production was on a substance basis.
In some places like Benin
city, Sapele and Uromi to mention just a few, the poultry industry has been
seen as a specialized industries by the people. Poultry industries has not
attained the maximum level of output because of lack of co-ordinated policy at
both the national and state level with regard to financing technological and
managerial assistance not withstanding poultry farming yields the quickest
return of all known living stock farming. It can also be established with a
minimum cost. This industry provide several employment opportunity both in the
private and public sector of the economy. About 30% of the Nigeria labour force
has been attributed to small scale industries ,so emphasis is now on commercial
production and effective management of this lucrative business for the
government to help finance this important industries.
1.2 STATEMENT OF THE
The system of financing
poultry industries has numerous problems which have led to poor performance of
small scale poultry industries in Oredo local government areas.
1.3 RESEARCH QUESTION
1. Does financial constrain makes it difficult for
these poultry farmers innovate or carry out research work. acquire new plants
and machines as well as capital for improvement
2. Does lack of improved method of poultry management
affect the production level.
3. It is true that government and other organizations
are fully involved in poultry management in poultry industries.
4. Despite the quick rate of turnover in poultry
business, are there still enough competent farmers.
5. Does a survey carried out in Benin city
shows that these farms were related, neglected in terms of credit allocation?
In view of the above stated, problem
comprehensive study has been carried out on the causes of these problems and
view of finding solution or remedies.
1.4 OBJECTIVES OF STUDY
The main objectives of these
study is to examine the various source of finance available to small scale
poultry industries in Oredo local government area. A complimentary objectives
is to identify the problems encountered by poultry farmers in obtaining loans
in other to enhance their contributors to the economic development of this
nation in general and Edo state in particular.
The hypothesis of this study
is that the poor performance in the poultry industries is depended on the
i There is no significant difference
between poor finance and lack of skilled management in a small scale poultry
ii There is no significant differences
between poor farmers performance and good capital utilization rate
SCOPE/LIMITATION OF STUDY
The scope of this study
covers the financing of small scale poultry industry in Edo state. Emphasis
will be laid, no problems encountered by poultry farmers in an attempt to
secure loans. The area of interest will be seen in Oredo local government areas.
Other limitation placed on
this study include the following:
i The space of time within which the
work is expected to be ready
ii The availability and authenticity of
the research result is limited to the respondent especially during oral
Data’s for this study will be
obtained mainly by relying on available published data, such as the use of
libral research working through past project, journals magazines and the
To obtain primary data, I
have to pay a visit to the poultry farmers, ministry of financial institutions
were also visited in addition, interviews were conducted orally questionnaires
THE NEED FOR STUDY
Besides adequate man power,
need finance to finance another major contributed to the growth of any industry
one will readily find out that even associated with the growth of industries
centre on finance hence the research of its nature (source and problems of
financing small scale poultry industries.
This study can be recommended
to the state federal government and financial houses for a deep and wider study.
TERMS AND CONDITIONS APPLY
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