AN ECONOMIC ANALYSIS OF SOLID WASTE MANAGEMENT OF IBADAN METROPOLIS, OYO STATE: EVIDENCES FROM VALUE BELIEF NORM (VBN) AND WILLINGNESS-TO-PAY THEORY

The study investigated the economic analysis of solid waste management of Ibadan metropolis, Oyo State: Evidences from value belief norm (VBN) and willingness-to-pay theory. The study distributed two hundred and fifty (250) to both household and contractors and two hundred questionnaires was distributed to household while fifty questionnaires for contractors. The methods used include descriptive statistic, cross tabulation, both ordinary least square (OLS) and logistic regression as well as gross margin and net income analysis. The OLS regression result revealed that income of the household, educational status, age and sex are the factors that determine the amount pay to Ibadan waste management per month in Ibadan metropolis while the factors that determine willingness-to-pay for environmental goods in Ibadan metropolis from logistic regression are income of the household, household size, educational status, occupation and sex and they are inelastic in nature. Furthermore, gross margin and net income from waste management business to the contractors sampled are N100,408.5299 and N86,852.20 per month respective. The study recommended that contractors in the study area can jointly establish recycle plants where they can recycle waste and make more income from the recycled products. Waste management contractors should be prompt in their service delivery. Also, every household should have solid waste facilities such as garbage bin and dustbin for easy disposal. Lastly, government should re-introduced the monthly sanitation in order to make a lot of household become more conscious of the purity of their surroundings.