Analyzing the Aspects of Profitability of Charcoal Production and Marketing in Ibarapa Zone of Oyo State Nigeria

This study analyzed the profitability of charcoal production and marketing in Ibarapa zone of Oyo state
using a structured questionnaire. A multistage sampling technique was adopted to select one hundred
(100) respondents for the study. The descriptive statistical method and budgetary analysis were used
for data interpretation. Charcoal marketing is dominated by middle or old age mostly females (71.7%),
the business are funded from personal saving and support from cooperative society. The finding
reveals that 48.5% of respondent had no formal education and economic analysis showed that
marketers require ₦50,000-₦500,000 as working capital with a resultant profit of ₦300,000-₦500,000
per annum and charcoal marketing efficiency was 1.32. In Conclusion, charcoal marketing is
profitable with net returns of ₦58,000 on 200 bags sold.