The Socioeconomic attributes and Risk behaviour of Small–Scale Oil Palm Processors (Millers) in Akwa Ibom State, Nigeria

Abstract

This study examines the socioeconomic and risk behaviour of small–scale oil palm processors in Akwa Ibom State, the southern region of Nigeria. The multi-stage sampling technique was used to collect cross-sectional data from one hundred and twenty-five (125) micro-oil palm processors. The results revealed that the majority of the processors were married and males were the dominant sex. The average years of processing experience, age, membership in social organization and educational attainment stood at 11.43 years, 48.23 years, 2.78 years and 12.15 years respectively. The processors' average household size and annual income were 5 members and N319, 658.33 (at 1$ = N380.26 in 2020) respectively. The risk factors identified among the micro-oil palm processors include insufficient raw materials, poor public electricity, high cost of tools and machines and increased operation hazards. The result showed that oil palm processors in the region are risk-takers. The empirical results revealed that processors’ age, educational attainment, membership in social organization, household size, processing experience and processors’ income were significant factors influencing the risk behaviour of oil palm processors. To enhance the well-being of micro-oil palm processors in the region, emphasis should be devoted to the development of education attainment and social capital formation among others.