Arresting Unemployment through Bee-Keeping: A Survey of Trainees from Leventis Agricultural Training School, Osun State, Nigeria
Journal: International Journal of Science and Research (IJSR) (Vol.9, No. 1)Publication Date: 2020-01-05
Authors : Anumudu Oluchi O;
Page : 1514-1517
Keywords : bee-keeping; return on investment; net returns;
Abstract
The study on arresting unemployment through bee-keeping; a survey of trainees from Leventis Foundation Agricultural Training School (LFATS), Osun State, Nigeria. Specifically looked into the socioeconomic characteristics of the trainees, estimation of the enterprise net returns and socioeconomic characteristics influence of LFATS on the net returns. A well-structured questionnaire was used to elicit information from randomly selected 148 bee- keeping trainees from Osun State based on the list made available by the LFATS management. The study used a combination of statistical tools such as descriptive statistics, budgetary model and ordinary least square (OLS) regression to achieve the study aim. Subsequently, the study revealed that the majority (79.5%) of the trainees are male with mean age, experience and household size of 37 years, 8 years and 6 persons respectively. The net returns from bee-keeping enterprise were ?230,002.54 in the area with a return on investment of ?2.64 indicating that ?1 investment made in bee-keeping returns ?2.64 to the investor. Furthermore, the study revealed that sex (pgreater than0.046), age (pgreater than0.040) and level of education (pgreater than0.035) were the socioeconomic variables that influence net returns from the bee-keeping enterprise. This therefore calls for the policymakers and management of Leventis Foundation Agricultural Training School (LFATS), Osun State, Nigeria to pay critical attention to the trainee?s sex, age and level of education during the selection process for the training.
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