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Periodical article | Leiden University catalogue | WorldCat |
Title: | Nigerian cocoa development programme: a comparative efficiency of fund utilisation |
Authors: | Oladokun, M.A.O. Daramola, A.G. |
Year: | 1990 |
Periodical: | Savings and Development |
Volume: | 14 |
Issue: | 2 |
Pages: | 175-184 |
Language: | English |
Geographic term: | Nigeria |
Subjects: | cocoa production costs |
External link: | https://www.jstor.org/stable/25830222 |
Abstract: | The Nigerian Cocoa Development Programme, started in 1972, was jointly funded by the World Bank and the federal and state governments of Nigeria. By 1985, the four participating states, Oyo, Ondo, Ogun and Bendel, had established 104,450 ha of cocoa. However, the rates of achievement of the four states varied. This paper makes a critical assessment of their achievements. Fund utilization efficiency was estimated by comparing hectarage establishment with fund supply in each state. There was no significant difference in the cost of cocoa establishment among the four states. Relatively speaking, however, Ondo State was the most efficient with an average cost of N1,710 per hectare. Oyo State was the least efficient, with an average cost of establishment of N2,049 per hectare. The authors conclude that cocoa development/tree crop units need to be more efficient in their fund utilization. The absence of cost effectiveness has led to both technical and economic inefficiency and to the wide gap between potential yield expectations and actual cocoa production since the inception of the programme. Bibliogr., sum. in English and French. |