ABSTRACT
The study examined the savings and investment
among one hundred and sixty, agribusiness cooperative firms in Akwa lbom State.
The agribusiness cooperatives firms in the state as noted operates in
environment characterized by low output, low productivity high interest rate,
change in technology, social attitude uncertain profit, price change low
savings and investment and are at subsistence level. It is based on the above
fact that this study was conducted. The importance of studying evaluation of
the savings and investment pattern of agribusiness cooperative firms in the
state would not help us to examine the existing income levels, but would also
enable us to estimate the determinants of savings and investment of
agribusiness cooperative in the state. Data for this were collected using well
structured questionnaire and were also analyzed using descriptive statistics
and regressions, results from the analysis revealed that agribusiness
cooperation firms in Akwa lbom State are mostly business of the male and
literates (intelligent). The result also revealed that agribusiness cooperative
firms pattern of savings and investment increase as income increase as shown in
table (viii). However, the unavailable high rate of interest, inadequate loan,
loan not available at the right time, price change are the major problems of
the agribusiness firms in Akwa lbom State. An economic analysis of related data
unveils different factors which influenced cooperative agribusiness savings and
investment as well as their loan repayment. On the side of savings and
investment, age, household size, income, educational level, amount of loan
capital and duration of loan repayment were significant variables that
influence savings and investment. Moreso, amount received the previous year,
firm size and administrative cost were significant variables that affect loan
repayment. In view of this, I therefore recommended that the government
individual and cooperate bodies should consider these variables in designing
strategies aimed at improving the saving and investment pattern of agribusiness
cooperative firms aimed at improving the saving and investment pattern of
agribusiness cooperative firm as well as the loan repayment in the state.
UDO, A (2023). Evaluation Of The Savings And Investment Pattern Of Agribusiness Cooperative Firms In Akwa Ibom State, Nigeria. Mouau.afribary.org: Retrieved Nov 23, 2024, from https://repository.mouau.edu.ng/work/view/evaluation-of-the-savings-and-investment-pattern-of-agribusiness-cooperative-firms-in-akwa-ibom-state-nigeria-7-2
ANDREW, UDO. "Evaluation Of The Savings And Investment Pattern Of Agribusiness Cooperative Firms In Akwa Ibom State, Nigeria" Mouau.afribary.org. Mouau.afribary.org, 26 Sep. 2023, https://repository.mouau.edu.ng/work/view/evaluation-of-the-savings-and-investment-pattern-of-agribusiness-cooperative-firms-in-akwa-ibom-state-nigeria-7-2. Accessed 23 Nov. 2024.
ANDREW, UDO. "Evaluation Of The Savings And Investment Pattern Of Agribusiness Cooperative Firms In Akwa Ibom State, Nigeria". Mouau.afribary.org, Mouau.afribary.org, 26 Sep. 2023. Web. 23 Nov. 2024. < https://repository.mouau.edu.ng/work/view/evaluation-of-the-savings-and-investment-pattern-of-agribusiness-cooperative-firms-in-akwa-ibom-state-nigeria-7-2 >.
ANDREW, UDO. "Evaluation Of The Savings And Investment Pattern Of Agribusiness Cooperative Firms In Akwa Ibom State, Nigeria" Mouau.afribary.org (2023). Accessed 23 Nov. 2024. https://repository.mouau.edu.ng/work/view/evaluation-of-the-savings-and-investment-pattern-of-agribusiness-cooperative-firms-in-akwa-ibom-state-nigeria-7-2