Analysis of the profitability of poultry egg production in Etim Ekpo Local Government Area of Akwa Ibom State, Nigeria

Abstract

The study analyses the profitability of poultry egg production in Etim Ekpo Local Area of Akwa Ibom State. Primary data were collected from 75 poultry egg producers selected through a multi-stage sampling technique, using a structured questionnaire. Percentage, frequency and budgetary analysis were used to analyze the data. The findings revealed that majority of poultry egg producers were male representing about 71% of the poultry egg producers, and the mean age was 41 years. The study revealed that, the poultry egg producers in the study area had one form of education or the other which significantly contributed to increase in poultry egg production in the study area.About 83% of the poultry egg producers were married, while the average household size was 4 persons per family. Only 27% of the poultry egg producers accepted that, they belong to Cooperative Society and about 69% had an average income that stood at ₦70,800 per month. With respect to the profitability of poultry egg production, the result indicated that for every ₦1 invested in the poultry egg production business, there is a return of ₦2. The result from budgetary analysis revealed that there is a significant relationship between input and output in poultry eggs production business; more so poultry egg production is a profitable investment. The following recommendations were made: reduction in input cost through subsidy on poultry equipment and credit facilities, and better management practices and encouragement of farm records keeping for profit evaluation.