Angela A. OYIBE 1 , M.M ADEYEYE (PhD) 2, G. IBRAHIM (PhD) 3 & P.U. CHIGOZIRI4
1, 2,3 & 4Department of Entrepreneurship, Faculty of Management Sciences, National Open University of Nigeria
Email Address: [email protected]
Abstract
Rural agricultural business strategies are crucial to poverty alleviation in developing regions particularly in in Ngwa South, Abia State. The study therefore, examined the effect of rural agricultural business strategies on poverty alleviation in Ngwa South, Abia State, Nigeria. Three null hypotheses were formulated and tested at a 5% level of significance, focusing on innovative strategies in local production systems, capitalization of local resources and employment generation. The study adopted a quantitative approach with a survey strategy, based on sustainable development theory (SDT). A population of 1,635 agricultural business owners was gotten from the Local Government Authority registries. A sample size of 322 operators was determined using Taro Yammane’s formula. Data were collected using a structured questionnaire and analysis was performed using descriptive and inferential statistics. The findings of the study showed: R2-Value of 0.940, F-Value of 1664.508 and the three null hypotheses were not retained. The findings showed that innovation in local production, capitalization of local resources and employment generation strategies have significant positive effects on poverty alleviation in Ngwa South, Abia State. Therefore, it was recommended among others that policies to promote training, teamwork and access to resources to support rural enterprises that would promote poverty reduction should be highly encouraged.
Keywords: Capitalization of Local Resources, Employment Generation, Innovation in Local Production, Poverty Alleviation,