An analysis of the economic system of coagula production in Rubber Research Institute of Nigeria

Abstract


Ali Sukhera, brahim Wanké and Amina Babangida

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 â?¦ 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.

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