Feasibility Study and Performance of Selected Small Sized Enterprises in Nigeria

Cassava farming industry is playing a very significant role in our economy today. The sustainability of the industry has equally become a thing of great concern by reasonable number of researchers all over the world and how the industry can have improved. Study has revealed that reasonable number of farmer has failed because they fail to carry out proper survey of the business before embarking on it. This study intends to ascertain whether there is relationship between feasibility study and cassava farming industry in Delta State with the aim of enhancing productivity. Two objectives and hypotheses were formulated respectively. A population of 75 farmers was selected across the state with 3 each from the 25 local governments that make up the state, and that has not put in less than 5years in the cassava farming industry. Random sampling was adopted for the selection. Instruments used for data collection was a structured questionnaire. The questionnaire was checked for reliability using pilot survey method. 60copies of questionnaire were administered and a response rate of 92% (55) was obtained. The hypotheses were tested using regression method, Pearson product moment correlation coefficient with the aid of Statistical Package for Social Sciences (SPSS) version 23. Statistical values of 0.755 and 0.773 for market/demand survey and environmental survey were obtained respectively at 5% (0.05) level of significance. Based on the analysis, there was significant relationship between dependent and independent variables. The study recommended among others that there should be sensitization and awareness campaign among cassava farmers on the need for feasibility study exercise before commencement of business operation.