Assessment of Agricultural Estate Investment in Developing Rural Communities in Nigeria
AbstractThis study assesses agricultural estate investment in developing rural communities in Nigeria. A total of 83 questionnaires were distributed to agricultural estate investors, agricultural estate managers, farmers and workers but 72 were returned and used for the analysis. Responses were presented and analyzed using table and relative importance index. The analysis showed provision of food, contribution to income of local communities, reduction of poverty, creation of employment, improving rural welfare, creation of infrastructure etc. rank 1st, 2nd, 3rd, 4th, 5th and 6th respectively. The study found out that agricultural estate investment contributes to development of rural communities in Nigeria through provision of food, increase in income, reduction of poverty, generation of employment, creation of infrastructural facilities and reduction of inequality etc. The study recommends that the government (public sector) as well as private sectors should pay more attention to investment in agricultural estate since it contributes a lot to community development.Keywords: Agricultural Estate Investment, Developing, Rural Communities, Nigeria
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