ISSN 2756-3383
Frontiers of Library, Information and Computer Sciences ISSN 5721-610X Vol. 2 (2), pp. 150-154, February, 2016. © International Scholars Journals
Full Length Research Paper
An analysis of the economic system of coagula production in Rubber Research Institute of Nigeria
1Ali Sukhera, 1Ibrahim Wanké and 2Amina Babangida
1Rubber Research Institute of Nigeria, PMB 1049, Benin City, Edo State Nigeria.
2Delta State University Abraka, Faculty of Agriculture, Delta State, Nigeria.
*Corresponding author’s E-mail: [email protected]
Accepted 20 January, 2016
Abstract
The study was conducted at Rubber Research Institute of Nigeria, Iyanomo, Benin City, Edo State. Data were collected on the production and sales of coagula for the period of eleven years (2001 - 2011) in the Institute for analysis in order to examine the trend movement of the activities. Descriptive statistics were implored for the analysis, and the results indicated that a total of 2,041,954 Kilograms was produced during the period of study; while revenue of ₦ 542,555,720.00 was realized from the sales of this quantity. Fluctuations in the production trend was observed during the period, however, the percentage changes in revenue were positive. This implies that there was stable increase in the price of coagula in the Institute. Recommendations were made for the Institute to expand her rubber plantation size in order to earn more revenue.
Keywords: Coagula, natural rubber, research institute, revenue.